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SpeedCash offers a monthly interest rate of 1.5% (whole or part thereof). Assuming the cash loan given to you is $1,000, when you redeem it 6 months later, the interest payable is $90 based on the calculation: 1.5% x 6 months x $1,000. If you redeem your article in 4 months, the interest payable is 1.5% x 4 months x $1,000 = $60.
