MoneyMate connects lenders and borrowers with short term loans. Anybody can sign up as a lender or borrower. MoneyMate is about helping each other because banks won’t.

Transparent Loans details:
Maximum loan amount: $10,000
Interest paid to lender: 10%
MoneyMate fee: 3% of loan amount
Maximum term: 24 months. Loan can be paid back at any time and in any fashion, small payments or all at once.

Loan example: A loan of $5,000 will make the lender $500 and the borrower pays a total of $5650

MoneyMate offers protections for lenders and convienence to borrowers. We insure loans for full amount and take care of the collection process if a loan is defaulted.