Payday Loan Calculator

You can calculate an APR (Annual Percentage Rate) on your payday loan. Lenders charge a fee ($15-$35) per every $100 you borrow.
Example:

Amount Borrowed:$300.00
Loan Term:14 days
Loan Fee:$15.00 per $100
Calculation:
  • To borrow $300.00, you will
    pay a $45.00 finance charge plus the amount borrowed.
  • Your total repayment will be $345.00.
  • The annual interest rate for this loan is 391.07%.