San Francisco: Search giant Google said Wednesday it is banning ads for payday loans, quick money that comes with extremely high interest rates that can quickly plunge a borrower into financial distress. In the United States, ads for loans with an annual percentage rate of 36 per cent or higher will also be prohibited. Starting July 13, “we’re banning ads for payday loans and some related products from our ads systems,” the company announced on an official blog. Specifically, it is targeting loans requiring repayment within 60 days.