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Payday Loan Calculator
Calculate the true annual APR and total cost of a payday loan.
About This Calculator
Payday loans carry APRs of 300–700% on average — a $60 fee on a $400, 14-day loan equals 391% APR. The CFPB found 75% of payday loan fees come from borrowers stuck in 10+ loan cycles. Credit union payday alternative loans (PALs) charge maximum 28% APR and are a far superior option.