Drag the bar below to set the APR. Payday loans are typically 1000 to 6000 APR. Then hit PLAY to see how the interest would go up if you kept refinancing each month.
To compare the interest for two different loans, hit COMPARE. Interest calculator. Compare Play Reset. What is APR.
Payday loans: check the costs.
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REPRESENTATIVE EXAMPLE. If you borrowed 2,000 over a 12 month period and the loan had a 3 arrangement fee (60), your monthly repayments would be 189. 12, with a total payback amount of 2,269. 44 which including the 3 fee paid from the loan amount, would have a total cost of 329. Representative 29. 82 APR. If you borrowed 5,000 over a 48 month period and the loan had personal loans bell co tx 8 arrangement fee (400), your monthly repayments would be 131.
67, with a total payback amount of 6,320.
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