How Much Does A Payday Loan Cost?
The average payday loan lender charges anywhere between $11 and $25 per week in interest payments on every $100 that you borrow. While the above charges are the nuts and bolts in terms of what a payday loan costs, there are other fees and charges associated with these instant loans.
You will certainly need to read the terms and conditions when comparing payday loans.
- What happens if I can't make my payment on time? Are there any late payment fees involved, and if so, how much are they?
- Are there fees in getting a loan?
These questions should be answered before you apply for a payday loan. Each payday lender has different rules in place for those situations.
Not all companies highlight the fees and charges to their customers. While they may promote the fact that they will lend you money there are some companies that dont highlight the fees and charges you will be paying if you take out an instant cash loan until payday with them.
Featured Payday Loan Lender - Cash Doctors
- Cash Doctors only approve a payday loan to people who are currently employed and have been for at least three months.
- You can apply for an instant cash payday loan amount ranging from between $100 and $600 through Cash Doctors.
- Cash Doctors accepts online payday loan applications that are processed immediately. Funds are credited to your bank account within the hour should your loan application be approved.
- Cash Doctors fees are transparent. All payday loans are charged $26 on each hundred per week that you borrow.
- There is no setup fee for first time borrowers.
- Second time borrowers can have their payday loan credited into an account within 10 seconds of their loan application being approved.
Featured Payday Loan Lender
Cash Doctors is one of Australia's leading short term lenders. They have helped thousands of Australian's overcome short term financial difficulties by offering instant cash loans.
- You can submit a payday loan application online with Cash Doctors for loans of $100 - $600.
- A Cash Doctors Payday loan application will only be approved if submitted by people who have been employed for at least 3 months and are paid more than $400 per week net after rent/mortgage repayments have been taken into account.
- Payday loans are paid directly into your bank account within the hour.
- Cash Doctors do not require any paperwork from you to approve your loan. This is a completely faxless payday loan with your details confirmed with your payroll officer before approval of your payday loan is granted.
- Please note, CashDoctors are currently unable to service Queensland residents.
Featured Payday Loan Lender
More Cash Fast
When you need cash now, turn to PaydayMate. You can have up to $1000 in your account just by simply completing the online application.
1. Complete the Online Application
2. Check Email for Confirmation
3. Receive your Cash!
Unfortunately Payday Mate does not loan to Western Australia and Australian Capital Territory residents.