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2. Payday loan - Wikipedia

   en.wikipedia.org/wiki/Payday_loan

   This is an accepted version of this page This is the latest accepted revision, reviewed on 9 December 2024. Short-term unsecured loan A shop window in Falls Church, Virginia, advertising payday loans. A payday loan (also called a payday advance, salary loan, payroll loan, small dollar loan, short term, or cash advance loan) is a short-term unsecured loan, often characterized by high interest ...

3. 6 types of emergency loans and their uses - AOL

   www.aol.com/finance/8-types-emergency-loans...

   The good news is the average U.S. mortgage-holding homeowner has $300,000 worth of equity, which can be converted to cash to cover repair costs by taking out a home equity loan or a HELOC.

4. Should I get a personal loan? Here are the pros and cons - AOL

   www.aol.com/finance/pros-cons-personal-loans...

   Personal loan fees and penalties can drive up the cost of borrowing. Some loans have origination fees of 1 percent to 12 percent of the loan amount. The fees, which cover loan processing, can ...

5. Emergency and payday loan alternatives - AOL

   www.aol.com/finance/emergency-payday-loan...

   While payday loans are easy to access fast cash, they are also costly. Most come with triple-digit interest rates that can sometimes exceed the 500-percent mark. This, combined with their short ...

6. Peer-to-peer lending - Wikipedia

   en.wikipedia.org/wiki/Peer-to-peer_lending

   During the period from 2006 through October 2008 (referred to as 'Prosper 1.0'), Prosper issued 28,936 loans, all of which have since matured. 18,480 of the loans fully paid off and 10,456 loans defaulted, a default rate of 36.1%. $46,671,123 of the $178,560,222 loaned out during this period was written off by investors, a loss rate of 26.1%.

7. Home Credit - Wikipedia

   en.wikipedia.org/wiki/Home_Credit

   The group offers loans in 434,232 retail stores and also in digital space. [10] [11] In 2017 PAG initiated investment of 2 billion RMB into Home Credit Group's Chinese business entity as an interest-bearing convertible loan. [12] [13] The deal was subsequently terminated in 2018 by PAG and Home Credit Group repaid the loan with interest. [14]

8. Microcredit - Wikipedia

   en.wikipedia.org/wiki/Microcredit

   Indeed, the local microfinance organizations that receive zero-interest loan capital from the online microlending platform Kiva charge average interest and fee rates of 35.21%. [44] Rather, the principal reason for the high cost of microcredit loans is the high transaction cost of traditional microfinance operations relative to loan size. [45]

9. What are instant loans? Everything you need to know - AOL

   www.aol.com/finance/instant-loans-everything...

   Instant loans are quick, but they often come with extremely high fees and predatory terms. ... Steep borrowing costs. A typical payday loan APR (annual percentage rate) is 400 percent — and ...