Calculator
Payday Loan Rollover Calculator
A rollover happens when you pay only the fee and renew the payday loan instead of repaying it. This calculator shows the fee charged at each renewal, the total fees paid, what you still owe, and those fees as a share of the original loan.
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.
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How this calculator works
When you roll over a payday loan, you pay the finance fee again and the original amount you borrowed stays outstanding. The principal never falls, so the same fee is charged on the same balance each time.
The calculator multiplies the fee by one plus the number of rollovers to get total fees, then adds the principal back on to show what you still owe. It also reports total fees as a percentage of the original loan, which is often the clearest way to see how quickly the cost grows.
Because a rollover adds a new fee without reducing what you borrowed, the principal is still owed at the end. Ask your lender in writing how many times a loan can be rolled over, because many states limit renewals.
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.