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Finance Solution
A payday loan is a free loan and first awarded to customers while being able to repay the loan in full on the payday following the release of the loan. The loan amount is charged to the borrower's salary. on subsequent loans Interest charges will apply.
Interest charged on the loan
Interest rate varies, depending on the amount of loan and the agreement or considerations set by payday lenders. On the average, though, for every $100 loan amount borrowed, you will be charged anywhere in the range of $10-$30.
Interest charges is variable, depends upon the loan amount or the agreement, or by considerations of payday lenders.
Term of payment
From the time the loan was released, the payment period is two weeks, or after the release of loan from of the next payday.
Free payday loan requirement to able
Apart from your paycheck there is nothing required to qualify, however, you must be an adult, at least 18 years of age and older, and must be employed on fixed incomes.
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