The prices of quick payday loans can differ significantly depending on the lender and the state of residence. On common, borrowers can anticipate to pay between $15 to $30 for each $100 borrowed. For example, should you borrow $300, you may incur a fee of $45, translating to an APR of round 391% if repaid within two weeks. Many states have enacted rules to cap payday mortgage fees, but in states with minimal regulation, borrowers may face even steeper costs. Understanding the fees associated with payday loans is essential