Payday loan calculator
Fee over amount, times 365 over days. Educational APR only.
CopiedFAQ
How is APR calculated? (Fee / amount) × (365 / days) × 100. A simple educational APR, not a full Truth in Lending finance-charge APR.
Is this advice? No. This is not financial advice and not a loan offer.
Why show this? Short-term fees annualize to large APRs. The arithmetic is the point.