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payday loan

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noun [countable] British English pronunciation: payday loan 
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singularpayday loan
pluralpayday loans
  1. a small loan that you can get very quickly and easily but which charges a very high rate of interest. People often take out a payday loan for the last few days of a month and repay it when they get their monthly pay

    Fill out our short application form and your same day payday loan could be in your account in a few hours.

This is the British English definition of payday loan. View American English definition of payday loan.

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