Fee Schedule

Borrow for only as long as you need, to the day! Just call us at 1-800-616-5469 or email us at customerservice@honestpayday.com to ask that we cash your e-check, and we will only charge you for the accrued interest (the interest for the time between when you received the money until the time you prepay your loan, and not a day more).

And we make everything EASY! We don’t need 3-day notice by fax or some other unnecessary requirement for you to request an early repayment and save money. You can just call us at 1-800-616-5469 or email us at customerservice@honestpayday.com and request a prepayment. We will process it right away, and it will be effective in one business day (the amount of time it takes for an e-check to go through).

Take longer to repay without wasting a lot of time signing numerous contracts. In Utah, Pennsylvania and Minnesota, we will provide you with up to 6 weeks (42 days) to repay your loan, and you will be able to extend your loan an additional 6 weeks. In Missouri, we will provide you with up to 31 days to repay your loan, and you will be able to extend your loan an additional 31 days.

The Three-Day Loan. Our policy allows our customers to easily pay back their loans early and thus save money on interest.For example, imagine a $150 loan at our rate of $9 per $100 per week. That loan costs a $1.93 a day. A customer that has an emergency and needs a short-term loan can: 1) apply for the loan on Monday, 2) receive the funds on Tuesday, and 3) call on Thursday to request a repayment on Friday. Since the loan would only last from Tuesday until Friday, just three days, it would cost a total of $5.79. With a traditional payday loan that has a nonrefundable fee of $10 per $100, a two week loan would cost $20 and a six week loan would cost $60, regardless of when it was repaid.

The Six-Week Loan. Our policy also allows customers to take longer loans without unnecessary paperwork. If you do not request a repayment, we will wait six weeks to cash your e-check as repayment of the loan (31 days in Missouri). In the meantime, we will make small partial withdrawals of just the accrued interest on each of your paydays.

Everything in Between. With us, you’re in control. Take a 4 day, 24 day, or 42 day loan, or anything in between. You can take loans between 1 and 42 days in Utah, Pennsylvania and Minnesota, and between 1 and 31 days in Missouri.