Payday Loan Costs
Costs of payday loans will solely depend on the amount of cash you have borrowed and the duration of the loan term. Since payday loans are short term loans, the repayment tenure is small. But the interest rates are usually high due to the absence of collateral. So, ahead of applying make sure that you utilize the payday loan calculator to find out the exact cost of your loan.
Payday loans are typically offered for two to four weeks. However, borrowers at times use this loan for over a period of month, which can be quite expensive. Therefore, this loan is not recommended as long term financial solution. With us you can check out the various financial charges, annual percentage rate and total payment due based on the amount financed to you.