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Payday loan cost calculator

See what a loan really costs before you sign anything. The APR line is the number to compare against any other option.

Finance charge

$45.00

Total repayment

$345.00

APR

391%

Typical state fee caps range from $10 to $30 per $100 — check your state's page. This is an illustration, not an offer; your lender's disclosure controls.

How to read the results

The finance charge is the dollar cost — what you pay for borrowing. The APR annualizes it so you can compare against credit cards (~30%), credit union PALs (28% cap), or installment offers. Federal law requires every lender to disclose both before you sign; if the numbers a lender shows don't match what you compute here, ask why.