Personal Loan

Take out a personal loan at Mypaydayloan. Mypaydayloan has a personal loan for you but we usually refer to a personal loan as a payday loan. Other people call a personal loan a payroll advance while others call a personal loan a cash advance or a check advance or even a payday loan. There are many different names for a personal loan but personal loan sums it up pretty well. A personal loan is a two week loan. You have two weeks from the day that you take out the loan before you have to pay it back. You don’t benefit by paying it back early i.e. before the two weeks is up, but you do get penalized if you pay back the personal loan after the two week period.

The way a personal loan from Mypaydayloan works is that a finance fee is assessed on the personal loan every two weeks. Every two weeks you have to pay a 25% finance fee on your personal loan. If you extend your personal loan past the initial two week period then you are expected and required to pay an additional finance fee because the finance fee is added every two weeks. For this reason, Mypaydayloan recommends that all personal loan customers pay off their personal loan within the first two weeks in order to save themselves money in finance fees. Mypaydayloan is a personal loan company that is not out to take advantage of our customers. We are straight forward and honest in all of our practices.