Same Day Loan Approval

Do you need a cash advance to cover your financial commitments? It can be difficult to ask a friend or a loved one for a loan and often times even harder to find someone with enough money. When finances are tight, it’s comforting to have a trusted installment loan organization like Capitol Drive Loans on your side. Installment loans with Capitol Drive Loans are fast and easy. Our experienced managers are here to serve you quickly and securely Payday Loans.

Payday Loans: How to Get a Payday Loan

A payday loan is a short-term loan that you take out on your next pay check. They come in many shapes and sizes, but all of them offer the same basic service: easy access to cash when you need it most. If you’re struggling to make ends meet and can’t wait for your next paycheck, a payday loan might be right for you. Even though this type of loan can be expensive, some people will use just about any opportunity available to them to earn extra money without having to work as much as they would if they had a steady source of income. Thus, there are more people than ever before who need an accessible way to get some extra money quickly in case something comes up unexpectedly or they simply end up spending more than usual on one thing or another.

How much does a payday loan cost?

Typically, you will be charged a fee of 5% of the amount you borrow. That means that if you borrow $500, you will be charged $50 in fees. It is important to note that this charge is not a fee for the actual loan, but rather a fee for the service. If you decide to take out a payday loan for $500, you will end up paying $525. And if you intend to borrow $2,000 on one payday, you will pay an additional $350 in interest. So, by the end of the month, you will end up paying $1,775. If you take out a long-term loan, you will be charged interest on that loan. Similarly, if you take out a payday loan and don’t pay it back, you will be charged interest on the outstanding amount.

What are the pros and cons of taking out a payday loan?

Compared to other forms of borrowing, there are several benefits to getting a payday loan. For one, these loans are short-term. Thus, anyone who is struggling financially and doesn’t have the luxury of saving up a large amount of money in a savings account can take one out. With a payday loan, you pay it back right away. If you take out a longer-term loan, however, you will have to pay it back at a later time. And by then, you may have incurred additional costs and may have been unable to make the same amount of money you would have if you’d taken the loan in the first place.

Capitol Drive Loans

6512 W Capitol Dr, Milwaukee, WI 53216