How much does a payday loan cost?

A payday loan is emergency borrowing, so obviously it will cost a little more than a loan granted over a number of years by a bank. But the banks might not be set up to provide this level of small-size, short-term borrowing. Saying that, the APR figure on fast payday loans appears misleading, as APR should be seen only as a measure of longer-term borrowing. Review this payday loan rate comparison, and you'll understand why borrowers prefer epayday.

So, what does a payday cash advance cost? Well, typically, youd be looking at paying back £240 on a 200 loan and you can take out a cash loan on anything from 200 to 500, depending on what you earn. There is a little bit of paperwork to send to us. This is for your own protection with payday loans.

The convenient news is that your pay day loan is yours to spend on whatever you want - car or home repairs, or urgent, necessary travel. Its up to you. This is a short-term loan that you simply pay back to us next time you get paid. £200 loans, £400 loans, and £500 loans are common.

So, if you've got urgent expenses and your next pay cheque just seems too far away, then a payday loan could be the answer you've been looking for.

Applying for cash loans like these couldn't be easier. You can do it right here. Just apply here. Subject to formal approval, you can have your payday cash loan that very working day.

Apply for your payday loan today!

Note that you should borrow only what you feel you can comfortably afford to pay back. Payday loans are not designed as a long-term solution to financial problems. If you have such problems, please seek credit counselling rather than taking out a payday loan.