Payday Loan Calculator

Plan short‑term borrowing intelligently with transparent fee math, rollover modeling, and effective APR estimates. Toggle weekly, biweekly, or monthly payback, generate schedules, visualize balances, and export results. Ideal for consumers, counselors, and educators needing fast what‑if scenarios and clear breakdowns before committing to costly cash advances. Compare fees across lenders, terms, and payment plans.

Inputs
$
per $100
$
$

Tip: Many lenders charge a flat fee per $100 for roughly 14 days. Adjust “Term length” and “Fee per $100” to match your offer; add rollovers to see compounding costs.

Summary
Finance charge / term
$0.00
Total fees
$0.00
Effective APR
0.00%
Total due
$0.00
Estimated due date
—
Amortization / Payment Schedule
CSV PDF
# Date Payment Interest Principal Fees Balance
Run a calculation to see your schedule.
Formulae Used

Fee per term: Financeterm = P × (Feeper100 / 100) × (Termdays / 14)

Effective APR (approx.): APR ≈ (Financeterm / P) × (365 / Termdays) × 100

Rollovers: Total fees = (Rollovers + 1) × Financeterm + Origination.

Installment plan (simple interest): Daily rate rd = (Feeper100 / 100) / 14. For each period i of di days, interesti = Balancei‑1 × rd × di. Principal is paid down evenly unless an extra payment is provided.

Regulations vary by jurisdiction (fee caps, maximum rollovers, mandatory extended plans). This tool is educational and not advice; verify terms with your lender and local rules.

How to Use
  1. Enter the principal, the term length in days, and the fee per $100.
  2. Add any origination fee and the number of rollovers (if applicable).
  3. Optionally toggle “Convert to installment plan” to generate periodic payments.
  4. Click Calculate to see costs, APR, total due, schedule, and chart.
  5. Use Download CSV or Download PDF to export the schedule.

Hint: If you have weekly paychecks, choose weekly frequency; for two paychecks per month, choose biweekly. Extra payments reduce interest and shorten payoff time.

Example Scenarios
Principal Term (days) Fee per $100 Rollovers Origination Finance/term Total fees APR (approx.) Total due
FAQs

It’s the flat charge applied to each $100 borrowed for a typical term (often 14 days). For example, 15 means $15 per $100 per term.

Each rollover adds another full term of fees without reducing principal. Total fees scale linearly with the number of rollovers set in the input.

The APR annualizes a short‑term fee over 365 days. Even modest per‑term fees can imply very high annualized rates when the term is short (e.g., 14 days).

Many places allow or require extended payment plans. Toggle the installment option, choose frequency and number of payments, and the schedule will split principal and compute period interest.

If you set a start date, we add the term days (plus rollover terms) for lump‑sum payoff or step by the payment frequency for installment schedules to estimate payment dates.

We add them once to total fees and, for schedules, they appear on the first line under the “Fees” column so they’re captured in the total due and exports.

Yes. Enter an “Extra payment each period” amount when using an installment plan. It will be applied on top of the scheduled payment to reduce balance sooner and cut interest.

No. Laws vary widely by region (fee caps, maximum terms, rollovers, disclosures). Treat results as educational. Confirm actual terms and disclosures with your lender and local regulators.

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Important Note: All the Calculators listed in this site are for educational purpose only and we do not guarentee the accuracy of results. Please do consult with other sources as well.