Not exact matches
This fee combines a 3 percent monthly
interest rate and a
flat service
charge per bill.
Instead of
interest rates, payday loans are typically
charged with
flat fees.
Finally, credit card companies may also
charge different
interest rates or a
flat fee for cash advances, a service that allows you to withdraw money from the balance on your credit limit.
It
charges borrowers a
flat fee per loan and doesn't pay commissions to its loan officers, which keeps your
interest rate down.
Be aware of the fact that some people might mislead you by
charging high
rate of
interest at reducing
rate and might inform the same at
flat rate of
interest.
Mainstream banks can circumvent
interest rate regulations (payday lenders are subject to) by
charging flat fees instead of a percentage of the overdraft.