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Cash Advance
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Articles Corner
Interested in reading more and more on cash advance, payday loans and their implications?
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Terminology
Interested in learning more of the terms used in cash advance?
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Small cash loans
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Payday loans are small cash loans & short-term advances
that are due on your next payday, unless your next payday
is 4 days away from your loan date interest is charged at
flat fee.
With a payday loan you are charged a flat fee no matter when
your loan is repaid (subject to the 18 day maximum loan term).
Because the fees are fixed per loan amount, the Annual Percentage
Rate (APR) will vary depending on the number of days that
pass between the date you receive your advance and the day
you repay the loan. There is no refund of fees for early repayment.
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