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A payday loan is a short-term loan due to be repaid by your next “payday,” or when you receive your next paycheck or other source of income. Your Friendly Neighborhood Bank Alternative Here When You Need Us. Many state laws set a maximum amount for payday loan fees ranging from $10 to $30 for every $100 borrowed. 24/7 Lending Group. Payday Money Centers. Loans are offered from $2,000 to $36,500, at rates ranging from 7. Assumes a 14-day term. This no credit needed loan option is easy to apply for and simple to pay back. The maximum allowable cost of borrowing under the payday loan agreement is 17$ per every 100$ received, which means on a 100$ loan for 14 days, the total cost of borrowing is 17$, with total payback amount of 117$ and an APR of 443. For qualified consumers, the maximum APR (including the interest rates plus fees and other costs) is 35. Quick Ratings. Payday loans tend to have small loan limits. Other loan amounts are available and subject to approval. 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