The range of a Pay Day Loan varies in size from $100 to $1000 depending on state legal maximums and is allowed the average loan a provision is about two weeks. The range may offer additional charges to the borrowers. This pay day loans cost characteristically 400% annual interest rate or more. Though the finance charge ranges somewhere between $15 and $30 to burrow $100 which end result in interest rates from 390 to 780 % annual interest rate. To get a payday loan it is necessary to open a bank account by all consumers. Usually consumers with good relatively standing and steady source of income can receive plus point.