Cash Payday Loan Apr 2026

What is a payday loan? | Consumer Financial Protection Bureau

: Lenders charge flat fees rather than traditional interest. A common fee is $15 per $100 borrowed , which equates to an annual percentage rate (APR) of approximately 400% . cash payday loan

: Typically small, ranging from $100 to $1,000 , with $500 being the most common limit. What is a payday loan