Medford, NY -- (SBWIRE) -- 11/22/2011 -- Light Payday Loan, an online payday loan lending company has recently elucidated upon the mode of online loan repayment of the payday loans that the borrowers have borrowed. It conveyed that the borrowers are required to pay the loan amount including the interest rate as well as the fees too. It is a widely known fact that payday loans have become close pals of all those people who have immediate financial emergencies and are caught unawares without adequate cash with them.

When contacted regarding the repayment method at Light Payday Loan, the spokesperson for the company replied, “Frankly speaking, the repayment methods differ from lender to lender but generally the borrower is required to repay the entire amount borrowed plus the interest plus fees as stated by the lender. A few lenders will request for a post-dated check for the amount due and a few others will tie up for the clearance of the amount with your bank account itself so that on the day of the paycheck the amount gets debited into the lender’s account.

It is all based upon the kind of feasibility the lender and borrower have worked for one another. We will help borrowers find the perfect lender that will suit their borrowing needs without having to waste a lot of time as well as money too.”

He also mentioned that lenders offer various repayment options too in case the borrower is unable to repay as per schedule and this delay would definitely entail some amount of additional charges that need to be paid to the lender.

For more details regarding the online loan repayment and also the consequences if unable to repay the amount borrowed, log on to http://www.lightpaydayloan.com.