PayDay Loans

Personal Loan

Loan Amount

$100 to $500, depending on state laws

Loan Term

2 weeks to 4 weeks

Interest Rates

It fluctuates, but it is often around 400% APR

Time Taken

1 - 2 business days

Frequency of Repayment

Lump sum on the next payday

Charges and Fees

Higher interest and additional charges

“Disclaimer: The payday loans come with higher rates of interest and have different associated laws in different states. So, please review your state laws and regulations before applying.”

Feeling stressed due to the unexpected expenses? Search “Payday Loan near me” on your browser, to get the best options of payday loans. It is understood that sometimes quick access to cash is required to fulfill your short-term cash needs.

So, at Loansmee, we offer you a secured and quick process to apply for a payday loan to cover your urgent cash needs. As we understand the essence of your time and the urgency of the funds, we have designed our system to provide approval on your loan within the next business day. It is very important to be informed about borrowing the money, so we encourage you to review all the terms and conditions of your payday loan before signing the agreement and borrowing the money. You should be informed about the high fees incurred on the payday loans.

Your Loan Is Few Steps Away!

Example

Suppose, Emily has taken a payday loan of $100 for a period of 2 weeks (14 days). She has to repay it with a fee of $15. So, the calculation will be as follows:

Principal Amount: $100

Loan Term: $15

Fee: 2 Weeks (14 Days)

Total Repayment: (Principal Amount + Fee) = ($100 + $15) = $115

Calculation of Interest as % of principal = 15%

APR = 391%

“**It is very expensive to borrow money through Payday loans, please explore other available options too before proceeding forward.”

Eligibility Criteria

To be eligible for securing a payday loan in the United States, you have to fulfill the below criteria:

You must be 18 years or above in age (19 years for some states).
You must have a valid ID proof issued by the federal government or a Social Security Number (SSN).
You must also have a valid checking account in your name.
You must have a good income with monthly savings after deducting the taxes.
You have all the income proofs such as pay stubs, bank statements, etc.
You must also have a valid and active contact number and an email address.
You must have the citizenship of the state from which you are applying.