Pay day loans terms that are key. The percentage that is annual (APR) is the yearly price of credit, including charges, expressed as a portion. The APR is a wider way of measuring the fee for your requirements of borrowing cash that you have to pay to get the loan since it reflects not only the interest rate but also the fees. The larger the APR, the greater pay that is youвЂ™ll the life span associated with loan. Deposit improvements are short-term, high-cost loans.