Payday Loan Calculator

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Have Any Questions?

Check some of the most Frequently Asked Questions about our convenient, online payday loan services.


Loan Calculation Estimator

NOTE: This is an estimator ONLY. Annual Percentage Rate (APR) may vary from state to state and are subject to change at any time. Specific lenders may also have different rates and Terms and Conditions. Please ask your lender for all information related to your loan before agreeing to a loan.

Online Payday Loan Calculator

Payday Loan APR Calculator

Using a Loan Calculator is a great way to estimate what the interest rate or APR is for the payday loan amount you are seeking. Here are a few approximate definitions about key lending terms:

  • The principal – referred to as the amount you borrow.
  • Repayment term (# of days) – the time when you must repay your loan.
  • APR (Annual Percentage Rate) - the annual rate charged for borrowing any given amount. APR is expressed as a percentage that represents the annual cost of a loan.
  • The total cost – what you have to pay for your loan, including all fees.

How Is the Cost of a Payday Loan Calculated?

The formula used to calculate the Annual Percentage Rate of a loan is based on the example below:

  • Divide the finance charge ($60) by the loan amount ($300).
  • Multiply the result (0.2) by the number of days in the year (365).
  • Divide the total (73) by the term of the loan in days (30).
  • Multiply the result (2.433) by 100 and add a percentage sign = 243.33%.

Be Aware!

What Should I Be Aware of When I Use an Online Payday Loan Calculator?

  • It’s only a sample of the calculations; actual costs may vary.
  • The costs are calculated based on the information you provide.
  • You should not make decisions about a loan based on the loan calculator.
  • Using a calculator is not a factor in getting a loan approved.
  • Fees and rates are subject to frequent changes and the state you reside in.
  • There may be other fees: for example, a verification fee, a documentation fee, and others, so ask your lender about all fees you may have to pay.

*There are different rules and regulations in every state. Make sure you visit your state’s website and review the applicable regulations.

How Does an Online Payday Loan Work?

  • You complete an online loan request form. You will need to provide information about your earnings, workplace, bank, etc.
  • Loan amounts vary from $100 to as much as $1,000, depending on laws in your state. If approved, you receive cash as soon as 1 business day.
  • Your payment is usually due on your next pay date, which typically is about 2 weeks.
  • You may be required to post-date a personal check or give the lender electronic access to deposit and withdraw funds from your bank account.
  • Payday lenders often charge fees of $15-$20+ for every $100 you borrow.

Considerations When You Get a Payday Loan

  • Affordability: Make sure getting a loan is what you need. Make sure that you can afford to make the repayment of the loan on time.
  • Loan Docs: Take the time to read and understand your loan agreement.
  • Interest Rates/Fees: Carefully check the lender fees. The fees may seem low, but the actual interest rate will probably be high. Payday loans are not meant to be paid over a long period of time. They are emergency loans.
  • Borrow What You Need and Repay It on Time: Make sure you borrow just the money you need. Paying your loan on time will relieve any potential stress.

So, if you need cash faaast, get started

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