If you have never applied for the emergency loan online, you may have a lot of questions about the procedure of getting and using emergency loans. There is a list of the most frequently asked questions about short-term loans for unplanned financial problems. Here you will find all necessary information for you to be able to take a reasonable decision to borrow money via the online payday loan lenders.
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The amount of emergency loans is from $100 up to $1500 usually but sometimes it can be up to $2000 and even more depending on your ability to pay the loan back. You should understand that you can get the larger amount of emergency loans only in case you are able to provide your payday loan lender with the proof that you get regular monthly income, which amount allows you to pay the loan back easily.
The interest rate may vary from lender to lender, however, in average the minimum cost is $10 for every $100. The maximum cost of a payday loan may be up to $50. That’s why it is necessary to check out all offers to choose the best deal for your current financial situation. But good news is that there is no application fee. The only money to pay is the interest rate when paying money back. No hidden fees are included.