Payday Loans And Installment Loans Hawaii
Payday loans and installment loans are high in demand in Hawaii as it offers fast, friendly and easy financial assistance. If you are a resident of Hawaii and need just little extra funds to get you through your next income, this is the right place to step in. We comply with the financial industry’s best practices to offer you the suitable financial service without those surprising fees.
If you caught between your two consecutive paychecks and some unexpected expense knocks your door, use our services to match up with the reliable network of lenders in Hawaii according to your requirements and pocket. It is only available to the residents of the states of Hawaii.
Continue reading to get the more information regarding APR and other fees, loan amount, loan term for Hawaii Payday Loans and Installment Loans.
Loan Amount And Duration:
The maximum loan amount allowed to borrow in accordance to the Hawaii law is up to $600 with the maximum term of 32 days.
Finance Charge And APR:
Payday loans in Hawaii carry a finance charge of 17.65 % of per $100 borrowed funds for 14 days. APR signifies the Annual Percentage Rate which is basically expressed as a yearly rate. The APR for 14 day loan is 460.16% and APR for 30 days is 214.74%.
APR = Finance Charge(%) x 365 / Term of Loan (Number Of Days)
Therefore, the APR of a payday loan with 17.65% Finance charge for 14 days would be calculated as:
The loan is generally due until the arrival of the next paycheck of the borrower but the maximum tenure of the loan is 32 days. In case of the extension on the loan, you are permitted to have one loan at a time. Next loan can be applied immediately after the full payment of the earlier loan on the due date.
PLEASE NOTE THAT THE ABOVE INFORMATION IS NOT COMPLETE AND COMPREHENSIVE. THERE MIGHT BE DIFFERENCE IN THE APR, LOAN AMOUNT AND RATES IN ACCORDANCE WITH THE TERMS AND CONDITIONS OR OTHER IMPORTANT FACTORS. IF YOU NEED THE COMPLETE INFORMATION ABOUT THE RATES AND FEES OF THE LOAN, IT IS ADVISABLE TO VISIT THE OFFICIAL WEBSITE OF THE DIRECT LENDERS BEFORE ENTERING INTO ANY LOAN AGREEMENT.