Rate & Fees

Paydayloanonline.com’s service is always free. The rates and fees applicable to your loan will be set by your lender. Paydayloanonline.com is not a lender and does not provide lending services directly to consumers. Paydayloanonline.com uses the information you submit to quickly and conveniently connect you with a lender.

Full Disclosure of Terms

The Truth in Lending Act requires full disclosure of all loan fees and interest rates. Your lender should disclose all fees and rates to you before you accept your loan. If you accept the loan terms, most lenders will direct you to an e-signature page to complete the loan process. Please take the time to read your loan agreement before accepting and signing it.

Late Payment Policy

Lenders may have different policies regarding late payments. Review the late payment policy detailed in your loan agreement before signing. All lenders must abide by applicable laws, rules, and regulations regarding late payment fees. Select your state from the list below to review the laws and regulations governing late payments by a particular state.

Non-payment Policy

Additional fees or charges may apply in the event that you are unable to repay your loan. Paydayloanonline.com tries to work with reputable lenders dedicated to using lawful, fair and reasonable means to pursue collections of overdue accounts. Find your state in the list down below to review the legal repercussions applicable to you in the case of non-payment.

Loan Renewal Policy

Loan renewal policies are largely governed by state law. In states where rollovers are allowed, additional interest and late fees can add substantial to your final loan amount, so these should be avoided whenever possible. Find your state’s laws and regulations governing rollovers and extensions from the list below. Read the lender’s terms in considering renewal options before signing the loan agreement.


You must be 18 years or older and a legal resident of the United States to submit a loan request. You agree not to use this Site for any illegal or inappropriate activities.

Please note that this list is for informational purposes only, is not intended to be legal advice, and may not be accurate or up to date at all times. If you have a specific question about laws or regulations applicable to you, please ask your lender directly or consult a legal adviser. Some states do not have any lending statutory provisions pertaining to personal loans.

Contact your lender with any questions or problems with your loan.

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Why Rates and Fees Are Flexible?

We can’t give you exact information about the fees and rates of lenders. Not only all credit products come with different fees and penalties, but some factors also vary based on your unique case. We’ll explain how prices are formed so that you know which questions to ask later. But most importantly, you’ll understand that it’s not enough to just look at one estimate when assessing lender terms.

Each application will be different in at least several details, such as loan amounts, its maturity, your credit score, etc. As a potential applicant, you can contact the lending company directly. This way, you can ask what costs they impose on their clients and receive an exact number.

How Your Payments Are Calculated?

To give you a general sense of your future monthly payments, we’ve compiled key factors that you need to consider:

  • Interest rates – Obviously, this percentage is the main thing you need to keep in mind. These rates are usually fixed, so you’ll be paying the same amount on a consistent basis.
  • Loan amounts – The costs will vary depending on how much you take out; for example, it can be in the hundreds of dollars or in the thousands.
  • Special terms – The time between borrowers initially receiving the money and when they need to pay it back affects the rates. Ask the lender what time frame will you should choose to get a better deal.
  • What Fees Does a Short-Term Loan Come With?

    There are several types of fees that borrowers need to consider. Take a look at the most common ones so that you’re not taken by surprise later:

  • Application fees – These fees cover costs that lender comes across when processing your initial application; for example, background checks.
  • Origination fees – This one is meant for administrative work that’s needed to keep the process going. It’s quoted as a percentage from the requested loan.
  • Pre-payment fees – Will you need to pay extra if you repay the debt before the specified term? Make sure to include that in your calculations.
  • Late-payment fees – Finally, you might bear monetary problems if you fail to make your repayments as discussed in the agreement.
  • Keep in mind that not all lenders impose all these fees. So, take the time to look at multiple available options to find the one with the lowest fees.

    How to Reduce Short-Term Loan Costs?

    As a borrower, you have the power to change your total costs to a certain extent. Here are our most effective recommendations to avoid additional expenses:

  • The first thing is to make the monthly minimum payment on time, as this is the least you could do. You’ll prevent late payments that stay on your credit report for up to seven years.
  • If, for some reason, your payment is going to be overdue, discuss this with the lender before it happens.
  • Use automated tools. You’ll avoid the risk of simply forgetting about a payment.
  • Find out the terms for paying off the debt early. Sometimes, there are discounts while other times, there are penalties – so feel free to ask about this.
  • So, are you convinced that short-term debt is definitely worth it in the end? You never know when you’ll need some capital on hand, and having a reliable back-up plan helps out immensely. Get in touch with our specialists at Payday Depot for quick financial assistance.