APR Calculator

The APR is calculated using this formula:

(fee / loan amount) x (365 days / days in loan term) = APR

So APR on the typical payday loan in Washington is:
($45 / $300) x (365 days / 14 days) = 391%


APR Formula:
(Loan Fee / Amount of Loan) * (365 days / Length of Loan in days) * 100 = APR
Typical Payday Loan:
($15 fee / $100 loan) * (365 days /14 days) * 100 = 391%
Loan Fee:
$
Amount of Loan:
$
Length of Loan (in days):