Lender
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

PaydayKing PayOff

Advertiser Disclosure

Repayment of loan

Customers of this company don't have to think about terms like paying off and the repayment period. Instead, repayment is made by withdrawing the agreed repayment amount from the account the next day after the paycheck arrives, sparing the borrower the time and effort to pay the loan back in person. Alternatively, you can send the required funds via Electronic Money Transfer.

Conditions of loan extension

Payday King does not publish the conditions for a loan extension. However, it recommends not to borrow more than you can repay and, most importantly, contact its team as soon as possible in case you are going to default on your loan. Payday King does not provide refinances, rollovers, or extensions to its loans in any jurisdictions that prohibit refinances, rollovers, or extensions.

Early payoff

Payday King does not mention any early repayment fees, but that does mean they do not exist. In this case, the best solution is to read reviews on this Lender on the Internet.

Tips on how to pay more efficiently

To have a positive experience with the Lender's company, make sure you never fall behind on your payments. Payday King has severe penalties for nonpayment. Each unpaid loan is subject to a $49.50 fee. In addition, any outstanding balance will incur a 59% annual interest penalty.

That's why it's essential to make sure that you have enough money in your bank account to make your subsequent payments.

Also, before you finalize the loan amount, you need to assess your financial needs. Even if you do not use a portion of the loan, you will still have to pay interest.

Payday King repayment

FAQ

How do I make a payment on Payday King?

You won't have to pay the loan manually because each payment will be deducted the day after receiving your paycheck from your account—still, there is an option to repay your loan via Electronic Money Transfer.

What happens if you don't pay back Payday King?

It is better not to allow delinquencies because you will have to pay a penalty of $49.50 NSF for each failure, plus you will be charged an annualized interest of 59% that will accrue from the loan repayment date up to and including the eventual repayment date. Moreover, the case could be passed on to collection agencies to recover the debt.

Can you pay Payday King early?

Payday King does not mention this possibility. In any case, you could try to contact its customer care to find out if you can settle your loan early.

Can Payday King sue you?

If collection agencies are already handling your case, there is a significant possibility that you could face legal action. Like any other company, Payday King has every right to sue you if you default on your loan agreement. However, it is much more rational to honor your commitments and not let it come to this.

Financial products
PaydayKing
Payday loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
$100-$1,000
Rate
i

Effective interest rate on the product

up to 1.5% per day
Term
i

Loan term for the financial product

up to 14 days
Similar products
Best Quick Loan Today 21.06.2024*
Mr. Payday
Need a Quick Loan Now?
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
up to $10.000
Coast Capital Savings
Personal Loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
$500-$50,000
Rate
i

Effective interest rate on the product

7.5%
Term
i

Loan term for the financial product

60 months
Mogo
Personal Loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
$500-$15,000
Rate
i

Effective interest rate on the product

up to 46.96%
Term
i

Loan term for the financial product

up to 60 months
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
1000.00 – 15000.00 C$
Term
i

Loan term for the financial product

6 months – 60 months
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
7000.00 – 25000.00 C$
Rate
i

Effective interest rate on the product

24.99 – 29.99 %
Term
i

Loan term for the financial product

3 years – 5 years
Your comment has been added
Error
Your complaint has been recorded
Invalid username or password
comment.alert.error-reg
Please log in to like/dislike
Invalid SMS code has been entered
All PaydayKing’s reviews by june 2024
Leave feedback
Similar companies
Simple Credit
2001 boul. Robert-Bourassa, suite 1700, Montréal (Québec) H3A 2A6
+1 (514) 904-40-28
Micro Click Loans
-
+1 (800) 933-09-60
Loonie Financial
1329-B Arena Road, Lot 110, Kahnawake Mohawk Territory Via:Quebec, Canada J0L 1B0
+1 (833) 423-22-08
Magik Cash
4180 Boul Henri-Bourassa E, Montreal, QC, H1H1L3
Prêt en ligne
-