APR: The maximum APR rate for a 14 day Payday Loan is 460% APR. Payday loan lengths range from 1 to 31 days. An $85 loan with a repayment period of 14 days at 460% Annual Percentage Rate would have a $15 fee, totaling $100.
So, this defines what responsible lending is for. At the same time the borrower should be aware of the fact that here funds will not directly be provided by us. We act like an online medium connecting borrowers and potential lenders.
We are very much concerned about the urgency of the requirements of our borrowers. It is for this reason Payday Rain have designed a protected mode for loan application by the borrower. Here we are connected with licensed lenders. We attend to your problems and endeavor to find the most suitable solution to help you tackle the crisis period.
We are an unbiased loan matching service provider where we treat our borrowers fairly and would suggest them genuine solutions based on their financial condition.
We will store your details as confidential information and will restrict illegal access of your details by unlicensed lenders. Lenders who are registered with us can review your details to craft loan offers.