Calculator
Cash Advance App Cost Calculator
Cash advance apps often charge a monthly fee or a suggested tip instead of interest, which can make the cost hard to see. This calculator converts that monthly fee into total fees, a total repaid, and an effective APR.
Advertising disclosure: Paydayloaning may receive a referral fee if you apply through the link above. That fee does not change the rate you are offered, and it does not change our content. We are not a lender. The lowest rates are only available to the most qualified applicants. Read the full disclosure.
Enter your numbers and press Calculate. Nothing you type leaves your browser.
How this calculator works
Many cash advance apps price their product as a subscription or a tip rather than as interest. The calculator takes the advance amount and the monthly fee as a percentage of it, then multiplies by the months you take to repay.
Because the fee repeats every month, the total cost climbs with the repayment period. The effective APR annualises those fees so you can compare the app against a payday loan or an installment loan on the same footing. Annualised, the cost can rival a payday loan.
Enter the monthly fee your app actually charges. Some apps adjust the fee by plan tier or by how much you advance, so use the number that applies to you.
Advertising disclosure: Paydayloaning may receive a referral fee if you apply through the link above. That fee does not change the rate you are offered, and it does not change our content. We are not a lender. The lowest rates are only available to the most qualified applicants. Read the full disclosure.