Payday loans are designed to be paid on the next payday. Hence, lenders are setting the auto-debit cycle for the payday loans to match the payday cycle of the borrower. For Cash Loans, repayment dates can be more flexible with longer repayment periods.
To decide whether you want to have a payday loan or a cash loan, you need to consider if you can pay off your loan with your next paycheck or if you want to have it paid on a preferred schedule.