Definition: Online Cash Loan

An online cash loan is a payday loan that is applied for online and you receive cash directly into your account instead of a check in the mail. An online cash loan is a cash advance that you get from a payday loan company such as Mypaydayloan.com.

Uses: Online Cash Loan

An online cash loan can be used for a wide variety of things. You can use an online cash loan to go on vacation. You can use an online cash loan for a pampering day at the spa. You can pay your utility bills, phone bills, or insurance bills with an online cash loan. An online cash loan is simply a small cash advance that is meant to give you a little extra money for whatever reason you may have for needing money.

Cost: Online Cash Loan

An online cash loan costs $25 for every $100 that you borrow. This online cash loan finance fee is a 25% service fee. This means that you will have to pay an extra 25% of the online cash loan back to the online cash loan company as payment for lending you the online cash loan. Mypaydayloan.com is a unique online cash loan company because we offer all of our first time online cash loan customers one free online cash loan. The way our free online cash loan works is that the 25% finance fee is waived when you pay back the entire online cash loan, so you only pay back what you borrowed.