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![My payday lender said my loan would cost 15 percent but my loan documents say the annual percentage rate (APR) is almost 400 percent. What is an APR on a payday loan My payday lender said my loan would cost 15 percent but my loan documents say the annual percentage rate (APR) is almost 400 percent. What is an APR on a payday loan](https://files.consumerfinance.gov/f/images/ask-cfpb-social-images-payday-loans.original.png)
My payday lender said my loan would cost 15 percent but my loan documents say the annual percentage rate (APR) is almost 400 percent. What is an APR on a payday loan
![Top 10 same day payday loans for cash advance with instant and guaranteed approval - The Economic Times Top 10 same day payday loans for cash advance with instant and guaranteed approval - The Economic Times](https://img.etimg.com/photo/msid-93701587/700-700.jpg)