What Are Payday Loans in Antelope, California?
Payday loans are a type of short-term borrowing that can help you bridge cash-flow gaps between paychecks. Under California law, these loans are considered legal, so long as they adhere to the rules and regulations set in place by the state. Payday loans in Antelope, California are designed to help individuals in financial straits, covering small amounts of cash ranging from $100 to $255.
How Payday Loans in Antelope, California Work
Payday loans in Antelope, California are similar to those in other states. Borrowers provide a signed check, dated for the date of their next pay check, to the lender. The lender subsequently provides the borrower with a short-term loan in the amount of the check, minus a fee for the service. The borrower then has two weeks or until their next pay check to pay the lender back in full, including the fee associated with the original loan.
What Are The Requirements to Get a Payday Loan in Antelope, California?
In order to receive a payday loan in Antelope, California, you must meet the following requirements:
- You must be 18 years or older.
- You must be a US citizen or have a valid US visa.
- You must have a checking or savings account that is active and in good standing.
- You must provide proof of income.
- You must provide proof of a valid California ID.
What Are The Cost & Fees?
The cost and fees of a payday loan in Antelope, California are regulated by California state law. The maximum fee a lender may charge is 15% of the amount borrowed, which means that the most you would pay o a $100 loan is $15. In addition to the fee, lenders may also charge interest on the loan, which is limited to 10% per month.
Apply Now for a Payday Loan in Antelope, California
If you’re in need of quick cash, TheGuaranteedLoans can help. We’re not a lender, but we are able to connect you to lenders who offer payday loans in Antelope, California. All you need to do is fill out an online application and we’ll do the rest. After you submit the application, lenders will review your information and reach out to you for further action.
Frequently Asked Questions
Q: What is the maximum amount I can borrow with a payday loan in Antelope, California?
A: The maximum amount you can borrow with a payday loan in Antelope, California is $255.
Q: How much will a payday loan cost me in total?
A: The total cost of a payday loan will depend on the amount borrowed and the fee charged by the lender. The maximum fee that a lender can charge is 15% of the amount borrowed, and 10% interest per month.
Q: Can I get a payday loan if I don’t have a checking or savings account?
A: No, you must have a checking or savings account in order to get a payday loan in Antelope, California.
Q: What happens if I don’t pay back my loan by the due date?
A: If you do not pay back your loan on the due date, you may be subject to late fees and penalties from the lender. Additionally, the lender may take legal action to pursue repayment of the loan. It is important to read the loan agreement carefully and pay back the loan by the due date.