Q3. Why APR of same day loans no guarantor is high? Same day loans no guarantor is a short term loan that can be availed for the time period of a month. Generally, the APR of short term loans are quite high as Annual percentage rate (APR) is calculated for 12 months. However, when the APR is calculated for a few weeks, it automatically becomes higher. The rate of interest is not as high as it looks like. An intensive research will help you to find the loan at lowest rates likely.
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