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).

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This service does not constitute an offer or solicitation for short term payday loans in all states. This service may or may not be available in your particular state. The states this site services may change from time to time without notice. All aspects and transactions on this site, will be deemed to have taken place in our office in Costa Rica, regardless of where you may be viewing or accessing this site. Borrower is responsible for complying with any local statutory obligations that may exist in their state or area with respect to any transactions with Mypaydayloan.com