Installment – to get the loan online is just a halfway through, but the real fun begins when it comes to the question of paying back. Often people experience difficulties due to the high payment rate. Payday loans are coming along with the stereotype that its interest rate is a robbery. It is just a myth, and clear analyses of the situation on the market of financial services can show that the installment plan for online loans is very similar to the regular banking loan. The bank can apply even more severe interest rates in case the debtor’s credit history is far from perfect.