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With the more recent innovation of payday loans online, consumers complete the loan application online (or in some instances via fax, especially where documentation is required). The loan is then transferred by direct deposit to the borrowers account or PayPal and the loan repayment charge (interest) is electronically withdrawn on the borrowers next payday. The annualized interest rate you get charged on a quick cash loan is called the APR, or annual percentage rate. Same Day Payday Loan does not function as a lending service, meaning that it doesn’t handle the disbursement of loans; however, it does actively refer people to lenders who regularly provide cash loans, and never does it charge any fees at all for its service. Being that it isn’t a lender, Same Day Payday Loan cannot give you details on the specific APR that you will see with your loan. Please note that annual percentage rates can vary according to the exact information that you include in your loan request, plus the information that your lender supplies to you. Cash. Speedy Fast!
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