Not Only Do You Get Approved Instantly for A Payday Loan But New Customers Get it Free of Charge!

An instant approval loan is a payday loan that mypaydayloan.com offers to eligible applicants. It is a loan that you apply for one day and are approved for the very same day, so that the funds are in your bank account the very next day. It is a very convenient and easy type of loan to get and it’s a cheap type of loan if you understand how it works. You can use a payday loan to help cover your bills or to pay off some of your credit card. An instant approval loan can be used for shopping money if you prefer. It is a personal loan so you can use it for anything you want.

You can get a free payday loan if you are a new customer and you submit a payment request at least one business day before your loan is due to pay back the entire loan. If you qualify for the free loan and you submit the payment request by the deadline you will only pay back the amount that you borrowed. If you are not a free customer there is a finance fee that you must pay in addition to the amount that you borrowed. The finance fee is 25%. This means that you pay an extra $25 for every $100 that you borrow. If you take out a $400 instant approval loan you will have to pay back $500.  The longer you keep your loan i.e. the more you put off repayment, the more money you’re going to spend on finance fees.  For this exact reason, Mypaydayloan advises all customers to pay off their loan as soon as possible.

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