Fast Payday Loans: Interest Rates Explained
The first thing that jumps out to people who are new to fast payday loans is how high the interest rates appear to be. This impression comes from the high APR of course. However this really shouldn’t be a cause of concern, and we’ll explain why in this article.
Annual Percentage Rate (APR)
When you’re looking at the APR (annual percentage rate) you should be very aware of the fact that this is amount of interest which you are going to have to pay if you have the loan out for a year. Legally lenders have to provide the APR rate for all of their loans.


