Monthly fee rates vary between 0.25% – 2.75% based on the creditworthiness of the business and the business information collected from accounts linked to the application. On a 6-month term, the monthly fee rate will range between 1.25% – 2.75% (per month) for the first 2 months and will drop to 0.25% – 0.75% (per month) for the last 4 months of the term. The monthly fee will equal to the principal loan amount multiplied by the monthly fee rate. Monthly fees are charged each month that you have a balance on a particular loan. Based on the monthly fee ranges, APRs for Kabbage loans under the Pay Later program will be under 30%.