What is Payday Loan [vs Personal Loan]

How to Repay loan fast [5 Ways]

Disclaimer - This story is for information purpose and not any financial advise, please check concerned bank site for more details.

PayDay Loan

[{"selector":"#anim-324514f3-652e-4ed1-a5ef-e921c9b0e0e4 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(12.514648210040342%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] An amount you can borrow till you get your next salary. This loan is for short duration.

Personal Loan

[{"selector":"#anim-2f62f0e2-3604-4f42-83f5-ccd40e5d6bb2 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(30.960693243845228%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] You can avail an amount on loan for longer time duration also as compared to payday loan. How to improve Credit Score

Payday Loan Tenure

[{"selector":"#anim-0a59bc95-1c79-4cfd-a67f-b91aa6c1a8ea [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(62.4316408818465%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] As explained you can avail the loan till you get your next salary. It is for a fixed days.

Payday Loan Amount

[{"selector":"#anim-1dc17355-e5a6-4c39-b915-5566c9f4dbb9 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(36.9586601126996%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] In general you can avail a loan from Rs 3,000 to Rs 2,00,000.

Payday Loan Interest Rates

[{"selector":"#anim-893b9f7a-89da-4764-a3d3-c42fddefb5d4 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(9.505061621544883%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] In general you can avail a loan from Rs 3,000 to Rs 2,00,000.

Payday Loan Approval

[{"selector":"#anim-dd6d8853-cdcf-455e-bbb1-80e60a4baea5 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(58.797413577087184%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] For pre approved loan it takes from 10 mins to 24 hours.

12 Personal Loan App and their interest rates

[{"selector":"#anim-a695a781-889c-425f-abb9-cc61bf82acd1 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(28.90624987200394%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}]