Payday Loan Calculator
Warning: High-Cost Loans
Payday loans typically have extremely high APRs (often 400%+). Consider alternatives before borrowing.
Typical fee: $15-$30 per $100 borrowed
Each rollover adds another fee
Total Repayment
$575.00
Amount due on payday
Annual Percentage Rate (APR)
391.07%
Effective annual rate
Finance Charge
$75.00
Cost to borrow
Cost per $100
$15.00
Per $100 borrowed
Total with Rollovers
$575.00
If extended multiple times
Need Emergency Funds?
Explore safer alternatives to payday loans with lower interest rates.
Find Better Loan OptionsAbout Payday Loans
Typical Payday Loan Terms:
- Loan amounts: $100 to $1,000
- Term length: 2 to 4 weeks
- Fees: $15 to $30 per $100 borrowed
- APR: 391% to 782% or higher
- Rollovers allowed in most states
Warning: Payday loans can create debt cycles. Consider alternatives like credit union loans, payment plans, or emergency assistance programs.