Payday loans (payday cash advance) are quick financing at high-interest rates. It's highly recommended to pre-qualify for the necessary amount online and use Payday loan calculator to find out how much you will have to pay in total with interest and fees. It will help you decide if you can really afford the loan.

Payday Loan Calculator


Estimated Payment


Total Principal Paid:$ 1,000.00
Finance charge:$ 387.42
APR:471.36 %
Apply online

Payment Breakdown

Select the amount for the loan you want in order to get the principal, which is the basis that we use to calculate the interest and the total cost of the cash advance.

The number of days within that you will be ready to repay the loan. It’s used to count the total cost of cash advance by multiplying the days by the amount of interest.

To calculate the total cost of your loan, we take the minimal average APR legal in all States, which is 36%. This figure is only a representative, providing you with general information on how much the loan may cost. To find out a more accurate total, fill in the Annual Percentage Rate required by the lender you want to apply to.

It’s the money charged by the lender for doing all the necessary paper work, bank transactions, etc., connected with lending you the money.

 Payday Loan Calculator Disclaimer

Find out how much a Payday Loan will really cost you in a few minutes!

A consumer Payday Loan calculator will help you to find out:

  • how much you will pay in fees
  • the total cost of a payday loan will be
  • the APR and interest rates are
  • how much the finance charges will be


Expert tip!
Before applying for a Payday Loan, remember:
  • Payday Loan Calculator is only a representative model and the loan's actual cost may differ
  • The cost is calculated on the basis of the information you provide
  • Don’t make a decision to apply for a loan according to the results of calculations solely. Take other important criteria into account
  • Using a calculator doesn’t guarantee 100% approval for the loan
  • Fees and rates are subject to a change
  • There may be some additional fees such as a verification fee, documentation fee, etc which are not included in the calculations
  • There are certain rules and regulations of financial charges for the loan in each state. Make sure you get to know them and take cash advance only from the licensed lender following these laws.

Payday Loans rates and other features regulations by state.pdf 

How is the cost of a Payday Loan calculated?

The formula used to calculate the total cost of a Payday Loan is:

Total cost = Principal + (Principal * (APR: 365 days x number of days): 100%)

For example, if you borrow $100 for 30 days with a representative APR of 35,5%, the total cost will be:

$100 + ($100 * 400%: 365 days * 30 days: 100%) + $7 origination fee = $109

Find out how to take out the Cheapest Payday Loans Online.

 Payday Loan Calculator types you may find useful:

Payday Loan payment calculator 

The average payday loan is $375. The interest, or “finance charge”, for a $375 Payday loan would be between $56.25 and $75, depending on the terms stated in the agreement. The maximum finance charge is stated by state law and can also depend on the lender: usually, it varies from 15% to 20%. All these calculations are conveniently available with the help of an online US Payday Laon calculator. In the same way you can use a Payday Installment Loan calculator, Payday Loan amortization calculator, Payday Loan early payoff calculator, Payday Loan compensation calculator, Payday Loan eligibility calculator, etc. Depending on your needs go online and search for the necessary type of service.

Payday Loan interest rates calculator 

The APR is a measurement of the cost of a loan over its repayment term, calculated from the snapshot of the origination date. 

Talking about Payday Loan interest rates, it's not fair enough to speak about APR as Payday cash advance is a short-term loan and there's no sense to calculate the interest for the whole year. That's why the interest you pay on a payday loan is usually called a “finance charge” and it is a simple fee based on the amount you borrow.

For example, if you borrow a $300 payday loan and you're charged $20 per $100 borrowed the interest, or finance charge will be $60.

Calculating the Payday Loan APR is a wise decision that will help you to see how expensive that loan is compared to your other options.

How is the interest rate on a Payday Loan calculated?

The amount of interest paid is calculated by multiplying the amount borrowed by the interest charge.

If you borrow $500 at the rate of 15%, it looks like this:

$500 х 15% / 100% = $75

It means for a $500 cash advance you will pay $75 in finance charges.

Payday Loan APR calculator 

Sometimes you are informed about the cost of a Payday Loan but you don’t know how it was calculated and you want to compare different lending companies. For that, you need to know the APR charged. To calculate the interest rate you are to divide the interest paid by the principal of the loan multiply that by 365 days and divide that number by the length of the repayment term, and multiply by 100%:

APR = financial charges / principal х 365 /repayment term х 100%

The APR for a $500 loan for 30 days = $75 / $500 х 365 days / 30 days х 100% = 182,5%