Archived App
This is an archived listing of the app previously available on the App Store.
Access payday loans with flexible repayment terms from 90 to 180 days. Offers APRs from 2.5% to 30% with no hidden charges or fees for taking out a loan.
2.0
February 7, 2022
The maximum Annual Percentage Rate (APR) offered by lenders through United Payday Loan is 30%. APRs can range from 2.5% to 30%, varying from month to month.
Loans can be repaid over a period of 90 to 180 days. Users are notified to repay their dues after the chosen time period to avoid misunderstandings.
No, the app explicitly states there are no hidden charges or any kind of fee for taking a loan. The example provided shows a clear calculation of interest without additional costs.
If a loan cannot be repaid on the allotted time, a violation rule applies, which most probably results in an increase in the interest rate from 2.5% to 30%.
Interest is calculated monthly at a rate of 2.5%. For example, a $100 loan with a 3-month repayment term and 2.5% monthly interest would accrue $7.5 in interest, totaling $107.5 to be repaid.
United Payday Loan has a rating of 2.1 stars based on 7 ratings. This indicates a mixed to negative user reception.
United Payday Loan is available for iPhone and iPod devices. It is not currently listed for Android or other platforms.
United Payday Loan was last updated on February 7, 2022, with version 2.0. This suggests infrequent updates since its release on the same date in 2022.
