| Products | Monthly settlement advance | Six-month loan | One-year loan | Two-year loan |
|---|---|---|---|---|
| Loan amounts | $10,000 to $1 million (disbursed monthly) | $36,000 to $2 million (disbursed following approval) | $5,000 to $2 million (disbursed following approval) | $36,000 to $2 million (disbursed following approval) |
| Fixed borrowing fee | 0.3% to 0.67% | 1.75% to 7% | 3.5% to 14% | 7% to 28% |
| Repayment | Loans: Daily repayment based on a fixed percentage of credit card receivables. The repayment rate is based on past credit card receivables, the risk of the borrower and the intended use of the funds, among other factors. It’s set by Amex to be at least high enough so that the borrower will stay current on the loan. Settlement advance: The borrower pays back daily over the course of the month, and the next month’s funds are not disbursed until full payment is received. |
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| Funding time | For loans up to $35,000: As soon as one business day after approval. All other amounts: Two to five business days |
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