Payday Loan Online

What are payday loans?

Payday loans are typically between $200 and $1,000 and must be paid back when a borrower receives his or her next paycheck.

On average, borrowers incur a $15 fee for every $100 borrowed, according to the Community Financial Services Association of America (CFSA), which represents payday lenders. That’s the equivalent of a more than 391% annual interest rate.

About payday loans

An advance of money obtained through a payday loan or auto title loan is not intended to meet long-term financial needs.  A payday loan or auto title loan should only be used to meet immediate short-term cash needs.  Refinancing the loan rather than paying the debt in full when due will require the payment of additional charges.

The maximum APR rate for a 14 day Payday Loan is 460% APR. Payday loan lengths range from 1 to 31 days. An $85 loan with a repayment period of 14 days at 460% Annual Percentage Rate would have a $15 fee, totaling $100. Loan approval is subject to meeting underwriting criteria and the ability to repay. Other restrictions may apply. Please see an associate for more details.

Fast and Smooth Payout for Approved Applications

If you are approved, this will be displayed on screen as you wait, along with the details of the lenders and any loan offered to you. A reputable lender can pay the loan into your checking account within 24 hours.

Full Disclosure

All of the lenders featured on PaydayLoansOnline strictly adhere to the Truth in Lending Act. This means you will be informed of all the applicable interest rates, fee and any other relevant facts in order to help you make an informed decision to borrow or not.

Use Cash Advances Responsibly

At PaydayLoanOnline.com, want to help inform you about responsible lending and give you the tools necessary to avoid many of the pitfalls of short term loans. An online payday loan may be just what you need if you’re looking for a small loan for a short period and are unable to get a loan from your bank. Before you sign up for a payday loan, you need to be sure that you will be able to pay it back promptly. Borrowing is a serious commitment and the decision to take out a loan is one that should be carefully considered.

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