When you are short on money and you decide to take a loan, the first thing you should check out is how much money you can get. Of course, there are many different possibilities so it all depends on what payday loan company you check and on how much money you need exactly. You can find tons of different payday loan companies online which means it could take you a while before you find the one who can offer you the amount you are looking for, but you should know that most of them offer between $1,000 and $5,000 only. Cost of Credit per $100 Borrowed As you probably already know, taking a loan from a payday loan company means you will have to pay back the money you got from them as well as an extra fee. Obviously, the more money you get, the higher the fee will be so it’s important to find the payday loan company with the lowest rates. Some of them ask for about $30 per $100 borrowed which is a pretty large amount. However, if you take your time to look around for the best, you could find some that request $10 per $100 borrowed. Approval time frame When you resort to asking money to a payday loan company, chances are you want your money as quickly as possible. That is why, before taking a loan from a company, you should make sure the waiting time isn't too long. The process can sometimes last hours, but other times your loan can be approved in seconds. Maximum term of loan Before taking out a loan, make sure the term is long enough for you to be able to pay it back. Some payday loan companies give you up to 100 days to pay them back. Help and support by phone and e-mail Last but not least, make sure the company you chose will offer you help in case you need it.