Payday Loans Rates

Payday loan rates are well-known to be very high. Due to payday loans are high risk and short term loans offered by private companies or lenders they are naturally not united with synchronized financial institutions. Payday loan conditions are based on how frequently the borrower is paid, usually one week, two weeks or one month. Because of this short term nature the payday loans interest rates are very high compared to normal loans.

Find Loans provide the complete information about payday loans interest rates; you can find the best payday company or lenders who offer the cheap payday loans interest rates. You must understand before taking the payday loan from the lenders such as their terms and conditions, interest rates, history and etc.

Payday loans interest rates are vary from the payday loan lenders to lenders; browse the online to find the best payday loan lenders, who offer the cheap payday loans interest rates.

One week Payday Loans

The average interest rate for a one week payday loan is just over 900 percent. So, if the payday loan borrower obtains out a payday loan of $200, the interest will be about $38.

Two week Payday Loans

Generally Two week payday loan interest rates are about half of the interest rates on a single week payday loan, or 450 percent. A $200 payday loan over two weeks would still cost about $38.

One month Payday Loans

One month payday loans are less common, and few lenders or payday loan companies will charge an interest rate of around 450 percent, as others will charge half of that rate. If the interest rate ruins at about 450 percent, the payday loan will cost about $80. If the payday loan company provides an interest rate of around 225 percent, the payday loan will cost about $38.