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The lender will provide the loan amount (excluding fees) as a lump sum in cash. For an online instant loan, this might be directly deposited into your account if you’ve given them access.
This is an accepted version of this page This is the latest accepted revision, reviewed on 17 January 2025. Short-term unsecured loan A shop window in Falls Church, Virginia, advertising payday loans. A payday loan (also called a payday advance, salary loan, payroll loan, small dollar loan, short term, or cash advance loan) is a short-term unsecured loan, often characterized by high interest ...
Payday loans, often marketed as emergency loans, are a form of predatory lending that allow you to get the cash you need on the spot. While instant cash flow can seem enticing, especially if you ...
3. Payday loans. A payday loan is a type of instant loan that lets you borrow $500 or less, usually without a credit check. Payday loans typically have to be repaid within two weeks or by your ...
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