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Sep 28, 2017 - 34 minute read

What documents do i need for a payday loan

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What documents do i need for a payday loan

You will be given the details on the APR, loan fees, and other terms by your lender when you are redirected to your loan agreement during the loan request process. The APR on a short term loan can range from 200 to 2,290 depending on how the APR is calculated (nominal vs. effective), the duration of the loan, loan fees incurred, late payment fees, non-payment fees, loan renewal actions, and other factors.

Keep in mind that the APR range is not your finance charge and your finance charge will be disclosed later on. See a Representative Example. Borrow 200 for 14 days with a 30 to 60 lender fee. Your estimated APR is 391 to 782 Calculation: (lender fee loan amount) x (amount of days in a year duration of the loan) x 100 Low End of Range: (30 200) (365 days 14 days) x 100 391.

07 High End of Range: (60 200) (365 days 14 days) x 100 782.

What documents do i need for a payday loan

Choose your repayment schedule. Click Calculate Repayments. What do you see. If you like the result, begin your loan application straight away. If you need to know more, one of our friendly consultants is already waiting for your call. What do I need to apply for a loan.

Getting your documentation together to support your Rapid Loans application isnt hard. Remember, there are just 3 basic things we have to know: Your identity Your financial circumstances Your lifestyle. There are many supporting documents you could supply electronically.

What documents do i need for a payday loan
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