What is another word for payday loan?
Pronunciation: [pˈe͡ɪde͡ɪ lˈə͡ʊn] (IPA) 
A payday loan, also known as a cash advance or a paycheck advance, is a short-term loan designed to help individuals meet their financial needs until their next paycheck arrives. Another synonym for a payday loan is a salary loan, as it is secured against the borrower's future salary. Other synonymous terms include emergency loans, quick loans, and same-day loans, as they are typically provided quickly and without lengthy application procedures. However, it is important to note that payday loans generally have high-interest rates, and borrowers should carefully consider the terms and conditions of any loan they take out before signing on the dotted line.
