What are payday loans?

A Payday loan is basically a loan that is given and accordingly has to be paid back in due course, this kind of loan is generally taken in case of a financial contingency. Payday loans are carefully designed to give you a quick and small short-term loan which you repay on your next salary

Payday Loans are short term loans with high interest rates used to get immediate

cash, in that case the persons cover the expenses in case of an emergency. When there is no other money available to cover bills and expenses that need to be paid before the next paycheck is received.