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Payday loans are short-term loans that are typically due on your next payday. These loans often have much higher interest rates and fees than online loans or traditional loans, which can make them difficult to repay. Wait for approval: The lender will review your application and determine whether you are approved for the loans loan.

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Doorstep loans often have very high fees and interest rates, which can make them hard to pay back. This includes personal loans, mortgages, car loans, and business loans. This process can take anywhere from a few minutes to a few days, depending on the loans lender.