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Bad Credit Certified Payday Loan Businesses What is the interest rate—APR (annual percentage rate)—on the loan Payday Loans for Bad Credit
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APR/Interest Rate = 7% Why Get Short Term Cash Advance Online? According to a Plain Green Loans review, a $250 loan carries an interest rate with an annual percentage rate (APR) of 378.95%. In order to payback a $250 loan, a borrower would need to make eight bi-weekly payments of $54.94 each. The more money a consumer borrows, the lower APR they will face. For instance, it they borrow $1,000, they will have a 299.17% APR, and they will have to make 24 bi-weekly payments of $124.16 each.
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