Transparency

Everything about the money, on one page.

This page is for the person who wants to know exactly what they are dealing with before they open the app. The ranges we work within, how an offer is priced, how we get paid, and what we are legally — all of it, in order, with nothing hidden in a footnote.

1 · The ranges

Every offer in the app falls inside these three numbers.

Providers set their own terms, but only inside the ranges below. If a provider’s offer would fall outside them, it is not shown.

Loan amount

$50 – $3,500

The smallest and largest loan any participating provider offers through the app.

Repayment term

3 – 24 mo

How long you would be repaying. Shorter terms mean higher payments and less total interest; longer, the reverse.

APR

4.49 – 35.00 %

Annual Percentage Rate: the yearly cost of the loan including interest and required fees. Your rate is set by the provider, inside this range.

2 · A representative example

What a $1,000 loan actually costs.

An illustration, not an offer. It uses an APR in the middle of the range and a 12-month term so you can see how the pieces fit. A real offer will differ, and the provider’s own disclosure is the number that binds.

Monthly payment is calculated with the standard amortization formula at a fixed rate. Figures rounded to the cent.

Amount borrowed

$1,000.00

Term

12 months

APR

18.00 %

Monthly payment

$91.68

Total interest

$100.16

Total repaid

$1,100.16

Representative example only. Not all applicants qualify for the lowest rate. Actual APR, fees and payments are determined by the provider based on your application and the laws of your state.

3 · Who does what

Three parties. One of them lends. It is not us.

The clearest way to understand DAF Finance is to see where we sit. We are in the middle, and the middle does not hold the money.

You

Decide

Say how much and what for. Compare the offers. Pick one, or none. Nothing is submitted until you tap Apply on a provider.

DAF Finance

Compare

Show the offers side by side with their ranges. Pass your name, number and request to the one provider you chose. Receive referral compensation from that provider. Nothing else.

The provider

Lend

Review your application, set your actual rate and terms within the ranges, show the full disclosure, fund the loan and collect repayment. Their contract, their money.

DAF Finance LLC is not a lender, does not make credit decisions, does not fund or service loans and is not a party to any loan agreement. The provider you apply with is responsible for the loan and for the disclosures it gives you.

4 · How we are paid

You pay us nothing. Providers pay us for the introduction.

When you tap Apply and a provider receives your request, that provider may pay DAF Finance a referral fee. This is how the app stays free. It is also a conflict of interest, and the honest thing is to say so and explain what it does and does not affect.

The fee does not change your terms

A provider’s rate to you is set by the provider on its own criteria. Our compensation is a separate arrangement between the provider and us and is not added to your loan.

The fee may affect what you see

Offers are ordered by how well they fit the amount and purpose you entered. Compensation from providers may also influence which offers appear, their order and how prominently they are shown.

The fee does not lower the bar

Every provider must meet the same criteria whatever it pays us: licensed, inside our ranges, full terms before signature.

The full text is in our Advertising Disclosure.

5 · Who can use the app

Eligibility, in four lines.

These are the conditions to use the app. Each provider then applies its own criteria to your application.

18 or older

You must be at least 18 years old, or the age of majority in your state if higher.

U.S. resident

Providers may not operate in every state; each provider tells you whether it can lend in yours when you apply.

An iPhone

The app is available on the App Store for iPhone. There is no Android version.

A mobile number

One that can receive a text message, for sign-in and for the provider you choose.

6 · Questions people ask

The six we get most.

Is DAF Finance a lender?

No. We connect people with participating providers. We do not fund loans, make credit decisions, service loans or hold any debt.

Does checking offers affect my credit?

Comparing offers in the app does not involve a credit check. When you apply with a provider, that provider may perform its own inquiry; it will tell you before it does.

Is approval guaranteed?

No. Submitting a request does not guarantee an offer, and not all applicants qualify. Each provider decides on its own criteria.

What does the app cost?

Nothing. There is no fee to download, to compare or to apply. Our compensation comes from providers.

What happens to my information?

It goes to the one provider you apply with, and only then. We do not sell personal information. Delete account removes your profile from our systems. Tracker entries live only on your phone.

What if I have a problem with a provider?

Contact the provider first, as the loan is with them. Then tell us at contact-us@daffinance.com. We keep track of what users tell us about each provider and take it into account when we review who appears in the app.