What it cost you to have a payday loan? This type of loan obviously has a high fee. It can fluctuate between 10-25% in a week. For example you take a loan of 100 dollars for one week, so you have to pay at the end for this about 10-25 dollars. And when you take this amount for few weeks, so the sum of the fee rises up and may approach to the amount of the loan itself. Every time you should consider all pros and cons of this type of a loan. Is it as critical as it seems to you? May be you can wait till the pay day. Who should apply for a payday loan? Sometimes, you have such a critical situation when you need money and you need money now. But you have no time to wait for the ordinary banking loan to be approved. So in this way payday loans is really the best way to struggle with the financial crisis.. The reasons for the loan are different: payment of the medical insurance, car repair, the mortgage pay off or unexpected purchase on sale. Certainly you need to calculate in details whether this means of obtaining cash is suitable for you. Do not mix the necessity with the desire to spend money because you liked that wonderful dress on sale or the best car you ever seen on a car sale. If you gain from the purchase more than the amount of fee at the end, surely it is worth getting the payday loan. When there is no other way getting money, then you should certainly take advantage of a paydayloan! How to get a payday loan? To get a payday loan you need to have a banking account and you have to be employed by one employee for 6 last months. Some company may be satisfied with your occupation for the last 2 months in one place. You need to fill in the application online on the chosen site and when the application is approved, the money will be transacted in a convenient for you way. Many companies may conduct all the operations in one hour.