Payday loan online rate calculation

Payday loans are popular and are the number one choice for some consumers who are in a bind. The typical term for a emergency loan is seven to fourteen days with some lenders offering terms as long as thirty days. - If you apply for payday loan online you can receive approval and the funds as soon as one hour. - you will be charged a flat fee for every one hundred dollars borrowed - In many cases you will be given the opportunity to extend your loan term 1 to 3 additional times for additional fees and charges - interest rate you pay is very high translating into 300% or more over the term of the loan Rate calculation