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Payday Loan Formula:

Payday Loan APR = Loan Fee/Payday Loan Amount * 365/Loan Term

Payday Loan Definition

The Payday Loan Calculator will instantly calculate payday loan interest with just a click. The way a payday loan works is that you typically write a post dated check (or agree to a wire transfer from your checking account at some data in the future if its an online payday loan) and then receive an upfront lump sum for some amount less than the amount that you will pay them in the future via the post dated check or wire transfer.

Enter in the total payday loan amount, the loan term in days (7 days, 14 days, 21 days, etc.) and the total payday loan fee (i.e. if you have to write a post dated check for $550 to get a payday loan of $500 then the payday loan is $550 $500 or $50) and the Payday Loan Calculator will calculate the APR of the payday loan so you can know just how much payday loan interest you are paying and what the payday loan interest rate is.

Start calculating what the interest rate for the payday loan is now!

How to Calculate Payday Loan

Let's be honest - sometimes the best payday loan calculator is the one that is easy to use and doesn't require us to even know what the payday loan formula is in the first place! But if you want to know the exact formula for calculating payday loan then please check out the "Formula" box above.

Add a Free Payday Loan Calculator Widget to Your Site!

You can get a free online payday loan calculator for your website and you don't even have to download the payday loan calculator - you can just copy and paste! The payday loan calculator exactly as you see it above is 100% free for you to use. If you want to customize the colors, size, and more to better fit your site, then pricing starts at just $29.99 for a one time purchase. Click the "Customize" button above to learn more!