Definition: Payroll Advance

A payroll advance is a payday loan. A payroll advance is a two week personal loan that you can use for any sort of personal reason you can think of. Unlike an auto loan or mortgage, you can use a payroll advance for anything you want to use it for. An auto loan restricts you to spend the money on a car but a payroll advance has no restrictions. You have to buy a house with a home loan but you can do anything you want to with a payroll advance. A payroll advance is a very flexible type of loan for flexible types of people.

Cost: Payroll Advance

A payroll advance is free for all first time payroll advance customers. A free payroll advance is a payroll advance that you don’t pay finance fees on. A free payroll advance is the cheapest type of payroll advance you’ll find and we have a free payroll advance just for you at Mypaydayloan.com. If you’re not a free payroll advance customer you will have to pay a service fee on your payroll advance. The service fee on a payroll advance is a 25% service fee. This translates into you paying $25 for every $100 that you take out with a payroll advance.

Due Date: Payroll Advance

A payroll advance is due two weeks from when you get the payroll advance or on your next payday whichever comes first. You can extend the due date on your payroll advance by two weeks at a time by paying at least the service fee. A full explanation on how to extend your payroll advance will be emailed to you when your payroll advance is approved.