Payday Loan

A payday loan is type of rollover loan. Payday loans normally have a one-month loan term, at the end of which any remaining debt is automatically rolled over to a new loan.

Debt is automatically carried over to new loans from month to month until it is repaid in full. Typically, the interest rate charged increases with each new loan issued.

About is Switzerland’s independent online comparison service covering banking, insurance and telecom. More than 100 unbiased comparison tools and calculators are available on, along with useful financial guides and timely news. The comprehensive comparison tools help you to find the right insurance policies, bank accounts, credit and prepaid cards, loans, mortgages, trading accounts and telecom products for your needs.