Basic Information About 1 Hour Payday Loan

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Loan With A Fast Approval

Are you wondering about 1 hour payday loan? This type of loan is basically just like the other payday loans the only difference is that some payday lenders approved loans within 1 hour. If you are considering applying for a loan with a fast approval, then this is definitely the way to go.

1-hour payday loan is easy and fast to obtain because of the hassle free and simplified process of payday lenders. In fact, you can expect a call or email from the lender within 1 hour of submitting your loan application to discuss and finalized the loan. But of course, before you start shopping for payday lenders, below are things you need to know about these loans.

How Much Can I Get from 1-Hour Payday Loan?

Payday lenders allow qualified applicants to borrow money from $100 to $1000, but of course, they can apply for the maximum amount when their income equals or exceed their loan amount. So, before you apply consider your monthly income so you can apply for the right amount.

How Much Time Do I Have To Pay Off My Loan?

For 1 hour payday loan, the repayment terms is the same as other payday loans. Meaning to say, you have 14 days to a month to pay off the loan. However, when you are still not financially stable to repay the loan in one payment, know that some lenders will gladly just take out the loan fee from your bank account rather the whole amount you need to settle. But beware; renewing the loan can increase your debt since there are new fees every loan renewal. After approval money will be transferred to your banking account with inn 24 hours or by next business day.

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How Much Is The Interest Rate?

The interest fee for 1 hour payday loan is $25 for every $100 dollar borrowed. There are lenders that charges only $10, so when choose wisely where to apply to get the best rate.

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