Payday Loans Cost
LoansPayday.info offers short payday loans of $100 to $1500. Depending on your application information, credit rating, and payment history with us, fees and interest on your loan will vary. If you do not receive approval for the maximum loan, you shouldn't worry because as you make regular payments and keep a good payment history with us, you may be approved for an increased credit limit. You do not need a job in order to be approved for a loan; all you need is a regular source of income of any sort.
The total cost of your payday loan is based on the amount of the loan itself, plus the amount of time it takes for you to pay it off, since interest is charged only for that time. Costs range from $1.00 per day for each $100 borrowed (365% APR) for small and short-term loans to $0.24 per day for each $100 borrowed (87% APR) for larger loans and for customers with a strong payment record. While the rates we offer are lower than other forms of credit, your loan still accrues interest for every day that you have it without paying it off, so we strongly encourage you to pay your loan off promptly.
At LoansPayday.info, you will never find any hidden fees. All our fees are clear and obvious. You pay precisely for the amount of time that you keep your loan. You will never encounter prepayment fees with us, and we make it easy for you to reduce the interest charged on your loan by letting you make payments whenever you please, either to reduce the amount or to pay it off early. If you miss a payment, skip a payment, or your payment bounces, there may be additional fees charged to your loan.
The size of your loan and your payment schedule determine the size of your payments. In most cases, our loans are structured in such a way that you will only have to pay no more than $100 per payment if you have biweekly payments - your actual payment size will vary depending on its frequency and your loan amount. To make it easier for you to keep up with your payments, your payment schedule is linked to the frequency of your paycheck or other source of income. For example, if you get paid monthly, you will only have to pay your loan monthly. If you get paid biweekly, you will pay your loan biweekly. Also, payments can be taken out automatically, so you don't have to worry about mailing a payment or thinking about bouncing checks.
The total cost of your payday loan is based on the amount of the loan itself, plus the amount of time it takes for you to pay it off, since interest is charged only for that time. Costs range from $1.00 per day for each $100 borrowed (365% APR) for small and short-term loans to $0.24 per day for each $100 borrowed (87% APR) for larger loans and for customers with a strong payment record. While the rates we offer are lower than other forms of credit, your loan still accrues interest for every day that you have it without paying it off, so we strongly encourage you to pay your loan off promptly.
At LoansPayday.info, you will never find any hidden fees. All our fees are clear and obvious. You pay precisely for the amount of time that you keep your loan. You will never encounter prepayment fees with us, and we make it easy for you to reduce the interest charged on your loan by letting you make payments whenever you please, either to reduce the amount or to pay it off early. If you miss a payment, skip a payment, or your payment bounces, there may be additional fees charged to your loan.
The size of your loan and your payment schedule determine the size of your payments. In most cases, our loans are structured in such a way that you will only have to pay no more than $100 per payment if you have biweekly payments - your actual payment size will vary depending on its frequency and your loan amount. To make it easier for you to keep up with your payments, your payment schedule is linked to the frequency of your paycheck or other source of income. For example, if you get paid monthly, you will only have to pay your loan monthly. If you get paid biweekly, you will pay your loan biweekly. Also, payments can be taken out automatically, so you don't have to worry about mailing a payment or thinking about bouncing checks.
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