Some lenders offering paycheck loans at lower interest payments

Online, November 17, 2009 (Newswire.com) - According to the loan arranger site www.paycheckloans.me, there are some affordable lenders in the US states. These loan providers have cut their interest charges, known as fee charges as well, on paycheck loans in order to combat the tough competition that they are facing from other online payday loan lenders.

The loan arranger site has said that it has compiled such lenders at one place in its list. Know that the payday loan products are usually very expensive as the APR on smaller amount of loan for two weeks only can go to above three hundred percent. This means that there is a huge burden of repayment on the next paycheck.

However, even a little reduction in the interest rates on paycheck loans will save many precious dollars for the applicants and debt-traps associated with these loans can be avoided. These loans can fetch you $100 to $1500, until your next payday. The loan is made instantly available to the applicants in the same day. Bad credit history of payment defaults and late payment is not at all a hurdle, as the lenders do not make credit checks.

Paycheck loans are ideal when you need money for emergency purpose in the same day. For availing the loan at affordable interest payments and for more information, you can visit www.paycheckloans.me .