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Payday Loan Calculator
Payday Loan Calculator to calculate the annual percentage rate or APR of a payday loan. Payday loans have one of the highest interest rate and APR compare to any other types of loan.
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What are payday loans?
Payday loans are short term loans with very high interest rate that is usually due on your next payday. Payday loans can be challenging for borrowers to pay back because the term is so short. If the borrower was able to come up with that kind of money easily, he/she wouldn't need a payday loan in the first place. Most people should avoid getting a payday loan if there is other alternatives.
| Loan Amount ($) | Fee ($) | Total Repayment ($) | APR (%) |
|---|---|---|---|
| $100 | $10.00 (10%) | $110.00 | 260.71% |
| $150 | $18.00 (12%) | $168.00 | 312.86% |
| $200 | $30.00 (15%) | $230.00 | 391.07% |
| $250 | $45.00 (18%) | $295.00 | 469.29% |
| $300 | $60.00 (20%) | $360.00 | 521.43% |
| $350 | $35.00 (10%) | $385.00 | 260.71% |
| $400 | $48.00 (12%) | $448.00 | 312.86% |
| $450 | $67.50 (15%) | $517.50 | 391.07% |
| $500 | $90.00 (18%) | $590.00 | 469.29% |
| $550 | $110.00 (20%) | $660.00 | 521.43% |
| $600 | $60.00 (10%) | $660.00 | 260.71% |
| $650 | $78.00 (12%) | $728.00 | 312.86% |
| $700 | $105.00 (15%) | $805.00 | 391.07% |
| $750 | $135.00 (18%) | $885.00 | 469.29% |
| $800 | $160.00 (20%) | $960.00 | 521.43% |
| $850 | $85.00 (10%) | $935.00 | 260.71% |
| $900 | $108.00 (12%) | $1,008.00 | 312.86% |
| $950 | $142.50 (15%) | $1,092.50 | 391.07% |
| $1000 | $180.00 (18%) | $1,180.00 | 469.29% |
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