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:
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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