http://www.mmcredit.com.sg/payday-loan/
In a pay day loans, the lenders gives instant money to the borrower in exchange for a post-dated check in the amount of the loan plus an interest fee (usually around 20%). At the end of the allotted time period, which is typically 14 days, the borrower pays the lender in cash or has them cash the check. If you are unable to pay the debt, you can have the pay day company roll over the loan for a second period, but then you must pay a finance charge as well.
