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Lucky Loan - Payday Loan App Screenshot 0
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About Lucky Loan - Payday Loan App

Apply for short term loans online and get express loan with our Payday Loans app! If you need fast cash or emergency fund but your paycheck has not yet coming, you can use our app to borrow money and get fresh cash that you need. The process of applying and receiving fresh cash is very quick and simple.



Payday Loan App is an instant loan platform that aids in providing an array of loans to its users instantly. This Payday Loan App tends to its users’ money needs online. This application makes sure that the entire process is quick, easy, safe and seamless.



Fast payday loan app is ready to help you get the cash you need to take care of any cash emergency you may have. Get started on your payday loan today by filling out our request form in loan app




What is a payday loan :
A payday loan is a short-term loan with high fees that make it an expensive way to borrow money. It is also called a high-cost loan and high-cost credit. You may borrow up to $1,500 and you may have up to 62 days to pay it back.




How to Get a Payday Loan :
You can apply for payday loans online at various loan providers. You can also apply for payday loans at local providers who are generally small lenders with physical stores



Is a Payday Loan Secured or Unsecured?
Most payday loans are unsecured. This means that you do not have to give the lender any collateral or borrow against a valuable item as you do in a pawn shop.




Key Features :
- 100% digital process
- Cash Transfer to Bank/Paytm Account, cash loan in 2 minutes
- Flexible Repayment Options
- Rewarded for Timely Repayments
- Instant money transfer to a bank account




Loan Information:
Loan amount: $ 500.00 -$ 50,000.00
Loan term: 91 days (shortest, including renewal time) - 365 days (longest, including renewal time)
Annual interest rate (APR): up to 20%




Fees:
processing fee:0
Channel fee: Charge by the third party
Service fee: Minimum 0%, Maximum 5%




For Example:
91-days(3 months) loan with interest rate of 12%, and principal amount is$10000
Total Interest fee:$10000*12%/365*91=$ 299.17
Service fee 10%:$10000*10%=$ 1000
Total repayment :$10000*12%/365*91+10000+1000=$ 11299.17
Monthly repayment:$11299.17/3=$3766.39

Declaimers: We are not asking the applicant to pay advance money for a loan. Please be aware suck kind of fraud. This is not an official app or government app, this app is only for help user. We also not collect any personal information.
This App only for guidance : how to apply various type of loans and this app not borrower any type of loan to any other. this does not asking to app users for pay money for loan. Be aware this kind of fraud.

NOTE: This Application Only Provide Guideline for How To Apply loan on mobile and not give any type of loan to you.

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Frequently Asked Questions(FAQ)

What is a payday loan?

A payday loan is a short-term loan with high fees that make it an expensive way to borrow money.

How can I get a payday loan?

You can apply for payday loans online at various loan providers or at local lenders with physical stores.

Is a payday loan secured or unsecured?

Most payday loans are unsecured, meaning you do not have to provide collateral.

What are the key features of the Payday Loan App?

The key features include a 100% digital process, cash transfer to bank or Paytm account, flexible repayment options, rewards for timely repayments, and instant money transfer to a bank account.

What are the loan terms and interest rates?

The loan amount ranges from $500.00 to $50,000.00 and the loan term can be anywhere between 91 days and 365 days. The annual interest rate (APR) can be up to 20%.

What fees are associated with payday loans?

The processing fee is 0, the channel fee is charged by the third party, and the service fee ranges from 0% to a maximum of 5%.

Can you provide an example of loan repayment?

For a 91-day loan with an interest rate of 12% and a principal amount of $10,000, the total interest fee would be $299.17, the service fee would be $1,000, and the total repayment would be $11,299.17. The monthly repayment would be $3,766.39.

Are there any declaimers or warnings about fraudulent activities?

Yes, the application warns against fraudulent activities and states that they do not ask for advance payment or collect personal information. It also emphasizes that the app is only for guidance and does not provide actual loans.