Chino is a township in San Bernardino County, California, United States. It is bordered to the west by Los Angeles County and the south by Orange County. It is part of the division of South California. It is a community in the Chino Hills area of California. This year, Chino’s population peaked at 100,401, with 10.4% of residents living in poverty. Chino’s median household earnings are $97,392, much above the national average. Despite this, Chino Hills has a standard of the living scale of 157, which is 1.6 times that of the national average of 100.
This is why, under some circumstances, Chino residents are permitted to take out small, quick loans. However, because of the higher interest rates and the necessity to keep you out of debt, such rapid loans are subject to specific limits. Due to rising interest rates and to keep you out of debt, the state has imposed a $300 limit on payday loans available in the state. These short-term loans feature a 31-day repayment period and a 460 percent annual percentage rate (APR), with a maximum financing fee of 15% for every $100 borrowed. There is also a $15 fee for not having enough money, and any illegal conduct is forbidden.