Hello. If I borrowed 5000. How much would I end up paying after all the monthly fees and interest in over the 12 month period?

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Hello. If I borrowed 5000. How much would I end up paying after all the monthly fees and interest in over the 12 month period?

asked by Jacovie B. on 4/21/16

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Kabbage R. [Kabbage Rep] · Answer 1 · 2016-04-21T01:06Z

Kabbage R. [Kabbage Rep]

on 4/21/16

Thanks for your question, Jacovie. Kabbage's loans are fundamentally different in structure from a traditional loan. Interest isn't charged on the loan balance, and a customer can pay a loan back early and save on future fees.

We encourage you to take a look at our "How it Works" page on our website for help understanding the fee structure. If you have any questions not answered there, you can give us a call at 888-986-8263. Thanks for getting in touch!

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Michael S. · Answer 2 · 2016-06-13T06:53Z

Michael S.

on 6/13/16

: Do not use KABBAGE. You will have a large payment every month. When you pay that, you will probably need to reborrow and they will charge you a fee to reborrow plus a monthly fee for that part of the loan. It is not at all like a line of credit.

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Karen M. · Answer 3 · 2016-04-28T10:09Z

Karen M.

on 4/28/16

You'll have to pay back at least $6,000

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Hello. If I borrowed 5000. How much would I end up paying after all the monthly fees and interest in over the 12 month period?

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