Charges
For a Payday loan you pay a fixed flat rate fee and nothing more. You can apply for any amount between $80 and $1000. No hidden or administrative costs apply: Fees and charges vary between the lenders. For example, for one of our lenders the fees are that for every $80 you borrow you pay $20. The calculated fees, charges and/or interest depends on the duration of your loan and will be presented to you when you apply.
For example, for one of our lenders the fees are:| You Borrow | Total Amount Payable |
|---|---|
| $80 | $100 |
| $160 | $200 |
| $200 | $250 |
| $300 | $375 |
| $400 | $500 |
| $500 | $625 |
| $600 | $750 |
| $700 | $875 |
The fees, charges and/or interest rate for Payday Loans may seem quite high at first. Keep in mind that all setup fees and administrative costs are included and most Payday Loans are paid over a period of no more than 70 days.
In most cases taking a payday loan is much cheaper than paying overdraft penalties, bounced cheques or unpaid bill charges
