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Late fees and over limit charges â reduced/waived off Once you are approved for a fast cash loan, your lender will let you know about the interest rate and fees connected with that loan before you agree to their offer. As stated earlier, MyPaydayLoans.com is not a lending service, which means that it is not able to inform you of the exact fees and interest rate that you will find as part of the loan offer. Please take notice of the fact that you are never obligated to accept any particular offer that you receive. Payday loans are high interest loans or rather high fees loans. On average, you have to pay about $20 on every $100 you borrow.
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