Rates & Fees

Payday Loan Rates & Fees

A same day payday loan is designed to help you get back on your feet financially by obtaining emergency assistance for overdue bills, vehicle or home repairs, or any other pressing expenses that can’t wait for your next payday. SameDayPaydayLoan.com provides an easy online request process that is absolutely free of charge. We are not a lender – we provide a free service that aims to quickly connect customers with lenders that offer loans that may work for them. Our lender network includes state and Tribal lenders. Tribal lenders’ rates and fees may be higher than state-licensed lenders, and are subject to federal and tribal laws, not state laws.

The Truth in Lending Act requires full disclosure of all loan fees and interest rates that borrowers may incur. All fees and rate information should be disclosed to you by your lender at the time of approval. Upon the conclusion of lender approval, most lenders will direct you to an e-signature page that they provide.

How Fees and Rates Are Determined

It is solely up to the lender to determine all loan fees and interest rates. When deciding the loan fees and interest rates, there is no input given by SameDayPaydayLoan.com, since we are not an actual payday lender.

All lenders must disclose loan fees and interest rates associated with any contract in accordance with the Truth in Lending Act. You are under no obligation to accept the terms of any online payday loans you are being offered. Interest rates being offered from lender to lender may slightly fluctuate. In addition to traditional loans, some lenders in our network may offer line of credit.



Repayment Information

The rates and fees associated with a same day payday loan are added onto the amount that you are to repay. Before you sign an agreement for a cash advance, the lender will specify the due date in which you are expected to pay back the loan, along with any interest rates and fees. You can have this amount automatically deducted from their checking account, which can also save the hassle of having to spend additional funds on a bank-issued money order.

One important way to reduce the costs associated with taking out a cash advance is to pay back the full amount on time. The lender will likely work with you to reach another reasonable due date if you cannot pay the loan back in time. However, if you miss the repayment date entirely and fail to communicate with the lender, you risk being charged additional fees.