A cash advance loan is a high-interest debt. However, limited loan terms make them affordable. Here’s an example for a 14-day $300 loan: the amount borrowed - $300; minimum lender’s fees - $30; annual percentage rate - 260.7%.
The example shows a typical cash advance cost to qualified applicants with a minimum lender’s fee available ($10 for each $100 borrowed). The exact sum may vary depending on the lender and a borrower’s credit score.