Terms Of A Cash Advance Loan

What are the usual terms of a Cash Advance loan? The amount does not exceed $1000 because most people don’t earn much more than that on a monthly basis. The whole point of the loan is for it to be repaid with your next paycheck, so lenders are careful to lend only what you can afford. Second, it’s payable within 2 weeks. Some lenders agree to extend the loan to a month if the amount is substantial and if the borrower has proven their capacity to pay. Finally, they make sure that a hefty fee is tacked on so that they can get a big return on their investment. After all, the whole point of this exercise is for the lender to earn money.