Payday Loan Calculator
Use our payday loan calculator to calculate the total repayments of any short term loan including loan fees and interest.
How much does a Payday Loan cost?
Most payday loan lenders in the UK charge a flat interest fee of 25% on loans, which is repayable on the borrower’s next payday.
For example, if a customer takes out a £80 loan, they will need to make a payment of £100 as soon as they receive their next pay cheque (typically within a month).
In terms of APR, payday loan providers calculate the exact percentage based on the number of days leading up to the customer’s loan repayment date. The APR figure must be shown to the borrower before they agree to the loan. Typical APR is 1737.2%.
Learn more about APR and payday loans.
- Borrow between £80 - £1,000
- Cash sent within 24 hrs of acceptance
- Borrow for any reason
- 100% online application
- No hidden costs
- No phone calls
- No faxing