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Paperless Payday Loan Rate Comparison

Today we would like to compare the different paperless payday loan rates. As you will see, we are talking about extremely high APR with this lending product.

So here is a comparison chart of the different fee structures. We are not going to list each lender off by name, but instead we are going to just list the different fees for each paperless fee model.



We are providing all of this data in the form of a table so you can directly compare what each fee structure will cost you over the length of the Payday loan term. We will be including these paycheck loan amounts;

  • $100
  • $150
  • $200
  • $250
  • $300
  • $350
  • $400
  • $450
  • $500

We will be including these different fee amount based on the per $100 system. Remember to keep in mind when you see these high fees, that these are all paperless payday loans.

Paperless Payday Loan Cash Advance Comparison Tables

This is fairly thorough so the table had to be quite large. There was no real way of completing these tables quickly, so please be patient if it’s not squeaky clean in as far as formatting goes.

FEES - Paperless PDL – 7 Day Short Term

As described above…these are the FEES paid on a Paperless Payday Loan at a $30/$100 USD ratio for a seven day period.

  Column A. B. C.

D.

  Fee Ratio (APR) $30/$100 (1560% ) $20/$100 (1040%) $15.50/$100 (806%) $10/$100 (520%)
Row Loan Amount  Total Repayment  Total Repayment  Total Repayment  Total Repayment
1. $100  $130.00  $120.00  $115.50  $110.00
2. $150  $195.00  $180.00  $173.25  $165.00
3. $200  $260.00  $240.00  $231.00  $220.00
4. $250  $325.00  $300.00  $288.75  $275.00
5. $300  $390.00  $360.00  $346.50  $330.00
6. $350  $455.00  $420.00  $404.25  $385.00
7. $400  $520.00  $480.00  $462.00  $440.00
8. $450  $585.00  $540.00  $519.75  $495.00
9. $500  $650.00  $600.00  $577.50  $550.00

What you see in column A. is the typical fee rate for a paperless payday loan company. Not very often a faxless lender will lend more that $500. The reason the interest rates charged in the fee(s) is because payday lenders are doing business with borrowers who are deeply in dept and desperate to get approved for the loan.

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