Understanding the costs associated with a short-term loan is essential before you apply. At Rincon Cash Advance, we are committed to full transparency. While we are not a lender ourselves, we connect you with a network of trusted lenders who operate within state and federal regulations.

Below is a general overview of how payday loan rates and fees typically work. The exact terms—including the Annual Percentage Rate (APR), finance charges, and repayment schedule—will be disclosed to you directly by the lender you are matched with before you accept any loan agreement.

How Payday Loan Fees Work

Most payday lenders charge a flat fee per $100 borrowed. This fee can vary depending on your state of residence, the amount you borrow, and the specific lender’s policies.

Typical Fee Structure (Example Only)

  • Loan Amount: $100
  • Common Finance Charge: $15 – $30 per $100 borrowed
  • Total Repayment (for a $100 loan): $115 – $130
  • Loan Term: Usually 14–31 days

Important Note: Because these loans are designed for short-term use, the APR can appear very high when calculated annually. For example, a $15 fee on a $100 loan repaid in 14 days equates to an APR of approximately 391%. This does not mean you will pay that much in interest—you only pay the flat fee stated in your loan agreement.

State-Specific Regulations

Lending laws vary significantly by state. Some states cap fees, limit rollovers, or prohibit payday lending altogether. Lenders in our network comply with all applicable local laws.

Rincon Cash Advance does not offer services in the following states where payday lending is restricted or prohibited:

  • Arizona
  • Arkansas
  • Georgia
  • Massachusetts
  • New York
  • Pennsylvania
  • West Virginia
  • Ohio
  • Virginia

If you reside in a permitted state, your lender will provide you with a clear breakdown of all fees, due dates, and renewal options (if allowed) in your loan agreement.

What You’ll See From Your Lender

Before you e-sign your loan contract, your lender must disclose—in writing—the following details:

  • The total amount of the loan
  • The finance charge (in dollars)
  • The Annual Percentage Rate (APR)
  • The total amount you must repay
  • The due date(s)
  • Any late fees or non-sufficient funds (NSF) fees
  • Rollover or extension policies (if applicable)

You are under no obligation to accept the loan if the terms are not suitable for your financial situation.

Our Commitment to Transparency

As a matching service, Rincon Cash Advance adheres to the Truth in Lending Act (TILA) and supports fair lending practices. We encourage all consumers to:

  • Read their loan agreement carefully
  • Understand their repayment obligations
  • Avoid using payday loans as a long-term financial solution
  • Explore alternatives like payment plans, credit counseling, or small-dollar credit union loans

For more information about responsible borrowing, review our Lending Policy and FAQ pages.

Ready to Get Started?

If you understand the risks and responsibilities of a short-term loan and need emergency funds, you can apply now. There is no cost to submit your request, and you are never obligated to accept an offer.

*Disclaimer: Rincon Cash Advance is not a lender. We do not make credit decisions or issue loans. All loan terms, rates, and fees are set solely by the independent lender you are matched with. For full details, please read our Disclaimer.*