Loan calculator
What will this loan really cost?
Type in the numbers from the offer. We'll show the total you pay back — the number lenders hope you don't look at.
By REPLACE WITH REAL NAME, REPLACE — e.g. 8 years covering consumer credit · Reviewed by REPLACE WITH REAL NAME
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Questions people ask
Plain answers to the questions readers ask most often.
What's the difference between an APR and a flat fee?
A flat fee is one dollar amount, like $15 for every $100 you borrow. APR turns that fee into a yearly rate so you can compare two offers with different terms. A $15 fee sounds small; over two weeks it works out near 391% APR.
Why do short loans show such huge APRs?
APR is a yearly rate. When you only hold the money for two weeks, a small fee is spread over a very short time, and the yearly version of that rate looks enormous. The dollar cost is the number that hits your bank account, so look at that first.
What is a representative example?
It's a sample loan a lender publishes: an amount, a rate, a term, and the total you'd repay. It shows what a typical approved borrower gets. Your own offer can be more or less.
Does paying it off early save me money?
On most installment loans, yes — interest stops building once the balance is gone. Ask whether there is a prepayment penalty before you sign. Payday loans with a single flat fee usually don't get cheaper if you pay early.
What is a rollover, and why does it matter?
A rollover is paying the fee to push the due date back without reducing what you owe. The balance stays the same and you pay the fee again. Two or three rollovers can cost more than the amount you borrowed.
How do I read the Truth in Lending box?
Every US lender has to show one. Look at four numbers: Amount Financed (what you get), Finance Charge (what borrowing costs), Total of Payments (what you pay back), and APR. If Total of Payments surprises you, stop before you sign.
Last verified September 1, 2026