Payday Loan APR Calculator
Payday Loan APR: a planned Super Calculator tool. Covers loan amount (currency). Stub page: the tool, its formula and a worked example are not published yet.
Payday Loan APR Calculator is a planned calculator in the finance section of Super Calculator, covering other lending.
What this calculator will compute
Inputs: loan amount (currency), fee (currency), term (days) and number of rollovers.
Outputs: APR (%), total fees paid (currency), total repaid (currency) and effective cost per rollover (currency).
Formula, recorded as scope and not yet verified against a primary source: APR = (fee / principal) * (365 / term in days) * 100. A flat fee on a two-week term annualizes to a three-figure APR, which is the arithmetic the product’s marketing avoids. Rollovers compound the fee without reducing principal.
Status
This page is a stub. The calculator is not built, no figure on this page has been verified against the authority that sets it, and nothing here should be used to make a decision. The page exists so that the site structure is complete and so that articles can link this concept on first mention.
The stub carries noindex, nofollow and is excluded from the sitemap.