If you need a cheap payday loan, then SameDayPayday can help you get one quickly, efficiently and confidentially to relieve you of endless hours of worrying about how to pay those looming bills. A cheap payday loan can be just what you need to pay for whatever unexpected expense finds its way into your life. There’s no need to struggle until your next paycheck; just come to SameDayPayday and apply now. Once approved, your cheap payday loan will be in your account in as little as one hour, so there's no waiting for funds. The application procedure is quick and easy, and you can get approved for a loan in as little as 90 seconds. It’s so simple.
SameDayPayday cheap payday loans are meant to keep you financially afloat between paychecks- they should not be considered long term loans. For this reason, payday loans are meant to be repaid quickly, often within a couple of weeks. Whatever your financial emergency- an unexpected car repair, repayment of a personal debt, a gift for that surprise wedding or an
unexpected financial loss- SameDayPayday is here to help.
Ok, that’s great news you’re thinking, but what is “cheap” for a cheap payday loan? Well, you may not be aware, but most payday loan companies charge an APR upwards to 520%. That’s a big price to pay for some peace of mind.
A cheap payday loan generally breaks down to a finance charge or fee of about 20%. That means for $100 loan the interest would come to $20, and for $700 it would be $140. To pay off your loan in 15 days you'll need $120 and $840 respectively.
The below are price examples of an average cheaper loan and a very cheap one from two different loan companies. SameDayPayday utilizes over 1000 lenders who offer cheap payday loans and so lender fees will vary; look very carefully at the payback requirements before entering into an agreement for a cheap payday loan.
Payday Loan - Average cheaper cost
Fee Schedule for 7-14 Days Loan (taken from mycashnow.com, SameDayPayday's lender fees will vary)
Category: Payday loans