The payday loan industry is very competitive. That being said, it is entirely possible to find online lenders that have low rates. People assume that these companies are there to gouge everything out from their borrowers. This is not true. There are selected companies who offer low rates or place a cap on the fee amount. All you need is a little patience and time to do some research. Look up places that offer rates of 15% or lower and check to see if these are legitimate. After all, Payday Loans are plentiful, so you shouldn’t have any trouble finding one that is reasonably priced.