⚠️ Payday Loan Calculator

Calculate the true cost and APR of payday loans and explore more affordable borrowing alternatives

Enter your loan information to calculate payments

Loan Amount ($)

Annual Interest Rate (%)

Loan Term (Years)

Extra Monthly Payment ($)

• Make extra principal payments to reduce total interest

• Consider bi-weekly payments instead of monthly

• Shop around for the best interest rates

• Improve your credit score before applying

• Results are estimates for comparison purposes

• Actual rates may vary based on credit and lender

• Consider additional costs like insurance and taxes

• Consult with financial advisors for major decisions

1. Enter loan amount needed

2. Input loan fee or finance charge

3. Set loan term (typically 2 weeks)

4. Calculate effective APR

5. View total cost breakdown

6. Compare with alternative options

✓ True APR calculation

✓ Cost comparison analysis

✓ Alternative loan suggestions

✓ Rollover cost analysis

✓ Debt cycle warnings

✓ Financial education resources