Payday loans are small, unsecured short-term cash loans that people borrow to get through the month until their next salary kicks in. It is thus, a small principal being lent out, often at a very high-interest rate (up to the order of 30-50%).  Payday loan is a prompt and unsecured financing option that allows individuals … Continue reading 10 Reasons Why Payday Loans Can Hurt Finances in India