Cost and Fees for a 1000 Payday Loan

Mypaydayloan.com offers a 1000 payday loan. Not all payday loan companies offer such a large loan but we do, so when you want a company that offers a $1000 loan come to Mypaydayloan.com. A 1000 payday loan is simply a payday loan for $1000. You cannot get a loan this large right away at Mypaydayloan.com but you can get a $400 payday loan to start off with and then work your way to a 1000 payday loan. The way it works at Mypaydayloan.com is that you start off with a $400 payday loan, and once that is paid off you can get a $500 loan, then once that is paid off you can get a $600 loan and so on until you reach the $1,000 max. Once you have built your limit up to $1,000 you can take out this much whenever you want because you have proven to Mypaydayloan.com that you are a responsible payday loan customer and are capable of paying back a large sum of money.

All of our loans have a 25% finance fee associated with it. This means that when you take out a 1000 payday loan you borrow $1000 and have to pay back $1250. The cost of a 1000 payday loan is easier to understand when explained in smaller amounts. The base rule is that you have to pay $25 for every $100 borrowed so when you take out a 1000 payday loan you pay $250 in finance fees.  These fees are charged every two weeks, so there is incentive to pay off your loan as quickly as possible; however, customers always have the option to extend their due date if they’re willing to pay another set of finance fees.  If you’re a new customer, Mypaydayloan.com will waive your first set of finance fees (and hopefully only set if you pay off right away).