Kabbage offers lines of credit with interest rates that vary based on several factors, including the applicant's creditworthiness and the amount borrowed. While the specific interest rate can depend on the individual circumstances of each borrower, Kabbage typically provides a range of rates. Borrowers can expect annual percentage rates, or APRs, to begin at a competitive level and vary accordingly.
In addition to the interest rate, Kabbage also employs a monthly fee structure based on the amount drawn from the line of credit. This fee might be as low as one percent and may increase based on the repayment term selected by the borrower.
For the most accurate and up-to-date information regarding interest rates and fees for specific loans, it is recommended to consult the Kabbage website. There, potential borrowers can explore the details regarding their financing options and reach out for personalized information.
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