We do not place any limits on what our on-line payday loans are used for. The APR on a small greenback, short time period loan represents the quantity of your mortgage, price of the loan, time period of the mortgage and compensation quantities and timing. This consists of loans made by a lender who makes 2,500 or fewer lined short-term or balloon-payment loans per year and derives no more than 10 p.c of its income from such loans.