For the loan taken, there will be an admin fee of up to 10%.
For payday loan repayment, there will be the principle amount, including the interest of 4%. Payday loan will be payable in the next month.
For example, for a loan amount of $10,000, there will be an admin fee of up to 10% and an interest rate of 4%.
This mean that your total payable amount will be a total of $10,400.