Half price payday loans are a further savings for cash-strapped borrowers of overnight cash loans. Payday loan businesses are highly competitive, so it pays to shop around to find the best deals. Interest rates vary, fees vary, and terms vary, so take some time on your home computer to compare the total package from one business to the next.

Obviously, half price payday loans get your attention, and well they might. Based on the average internet competitor's rates, these are, indeed, surprisingly low cost loans. When you figure fees at $10 per $100 borrowed, and an annual percentage rate (APR) of 260.71 percent, you can see the finance charges are as low as they get in this industry.

Half Price Payday Loans and Referral Bonuses

The total package of an internet loan business might include bonuses of various kinds. One that should be easy for borrowers to get is a referral bonus because this lets you earn extra cash and help a friend at the same time. Once you complete half price payday loans, you are sent an email that you can forward to friends.

A link in the email names you as the friend who forwarded the email. If your friend uses that link to obtain a loan, you become eligible for a bonus. If the company you choose to do business with offers these referral bonuses, read all the details and requirements. The main one usually is that your account must be in good standing--and no spamming.