What is the true cost of borrowing money from Empire Loan?
The interest that we charge is set by the City and/or State maximum. For example, our Boston store charges 3% a month, for a maximum loan term of 3 months (renewable). This is no more than the interest charges of many credit cards, minus all the potential repercussions of dealing with those sharks! For 1st-time customers there is a $7.00 set-up fee, and there are late fees and penalties in the event that you make a late payment.
