Square Consumer Installments

Square Capital Licenses

Nationwide Multistate Licensing System #1473167. For NMLS Consumer Access, click here.

State License
Alabama View License (Consumer Credit)
Alabama View License (Small Loan)
Arizona View License
California View License
Colorado View License
Illinois View License
Kentucky View License
Louisiana View License
Michigan View License
New Jersey View License
Ohio View License (MLA)
Ohio View License (Small Loan)
Oregon View License
Pennsylvania View License
South Carolina View License
South Carolina View License (website)
Tennessee View License
Utah View License
Washington View License

Square Capital, LLC is licensed to do business at 1455 Market Street, 8th Floor, San Francisco, CA 94103.

Notice

Before signing any loan documents or otherwise committing to a loan, you may take copies of those documents away from the consumer lender’s place of business for review.

For South Carolina residents: Square Capital, LLC does not offer consumer loans in the state of South Carolina. Click here for a copy of the South Carolina Consumer Pamphlet.

Square Installments Loan Fee

Square Capital charges interest based on the loan amount and duration. Prospective borrowers have the option of selecting a loan term of 3, 6, or 12 months. Interest is calculated based on a fixed monthly rate (the advertised annual rate divided by 12) and is assessed daily against the loan’s outstanding principal balance.

Fee Examples

Amount Financed Payment Schedule Expected Interest (Finance Charge) Repayment Amount APR
$2,100.00 3 month term: 2 monthly payments of $705.00 and 1 payment of $704.00 $14.00 $2,114.00 4.00%
$2,100.00 6 month term: 5 monthly payments of $365.00 and 1 payment of $361.44 $86.44 $2,186.44 14.00%
$2,100.00 12 month term: 11 monthly payments of $199.00 and 1 payment of $193.23 $282.23 $2,382.23 24.00%

All loans are issued by Square Capital, LLC, a wholly owned subsidiary of Square, Inc., d/b/a Square Capital of California, LLC in FL, GA, MT, and NY. Loans are available to AZ, CA, CO, CT, FL, GA, IL, KY, LA, MA, MI, NC, NJ, NY, OH, OR, PA, TN, TX, UT, VA, and WA residents only. Borrower must be a U.S. citizen or permanent resident and at least 18 years old. Valid U.S. non-prepaid debit card and Social Security Number are required. Loans are available for purchases of $250 to $10,000 and are payable in 3, 6, or 12 month installment options with minimum payments due each month. The amount financed will be based on the purchase total, but in any event will not exceed the maximum approved loan amount. Available annual percentage rate (APR) ranges are from 0% to 24%. Maximum APR of 18% applies to CA, FL, TX, CO, MA and LA, 16% applies to GA, NY, and NC residents, and 12% to VA residents. 0% APR is only available for qualifying applicants electing 3-month installment option. The expected monthly payment amounts will depend on the repayment term length selected, the amount of a borrower’s purchase, and the borrower’s APR. The expected interest and repayment amounts assume the borrower will make all payments in full on the scheduled installment due dates. Late payments or payments of less than the full amount due may result in higher interest charges and repayment amounts. All loans are subject to credit approval and the rate individual borrowers qualify to receive may vary based on individual credit history and other factors. For more information on eligibility and program information, visit here.