Disclosure
Customers
choose a payday loan or cash advance for unexpected
expenses such as car repairs, paying rent on time,
to preserve their credit rating, or avoiding late
payment penalties.
A
payday loan is a short-term unsecured advance intended
to be paid off quickly and is often used in situations
where cash is needed quickly. With a payday loan
you are charged a flat fee regardless of when your
loan is paid. As the name implies, a payday loan
(or cash advance) is a small, short-term loan that
is due on your next payday. To apply for a payday
loan, you can use our online form.
Payday
loans and cash advances provide a means of acquiring
cash of up to $1500 (but between $100-300 for first
time applicants) in a very short amount of time.
Compared to a bank, which can take 1 – 2 weeks
to process a loan application, a payday loan is often
your fastest way to get the cash you need when you
need it most.
Most
banks are unlikely to loan under $1500, making a
short-term cash advance one of the most viable options
for unexpected expenses, or when you just want money
for the weekend but can’t wait until payday.
A
payday loan isn’t always for everyone, but
when you consider that if your utility bill was going
to be paid late and you were facing a $47 late/reconnect
fee, rent was due, or you were concerned about protecting
your credit rating, it might start to make sense.
Used responsibly, a short term loan it can help in
numerous ways.
The
table below provides the fees associated with the
cost of borrowing with SonicPayday.com:
Fee
Schedule For 14 Day Loan |
Advance
Amount |
Finance
Charge |
Total
Loan Amount |
$100.00 |
$27.00 |
$127.00 |
$200.00 |
$54.00 |
$254.00 |
$300.00 |
$81.00 |
$381.00 |
$400.00 |
$108.00 |
$508.00 |
$500.00 |
$135.00 |
$635.00 |
$600.00 |
$162.00 |
$762.00 |
$700.00 |
$189.00 |
$889.00 |
$800.00 |
$216.00 |
$1016.00 |
$900.00 |
$243.00 |
$1143.00 |
$1000.00 |
$270.00 |
$1270.00 |
$1100.00 |
$297.00 |
$1397.00 |
$1200.00 |
$324.00 |
$1524.00 |
$1300.00 |
$351.00 |
$1651.00 |
$1400.00 |
$378.00 |
$1778.00 |
$1500.00 |
$405.00 |
$1905.00 |
*Finance
charges are calculated on the basis of $27.00
per $100.
The minimum loan is $100. The maximum loan term
is 14 days. |
This
service may or may not be available in your particular
state.
The states this site services may change from time
to time without notice |