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Payday Loan Calculator

You can use our personal loan calculator to estimate your future costs.

See Your Payments On a Loan

Here is a basic bad credit loan calculator that you can use to check your estimated payments for various loan amounts, terms and interest rates:

How to Use Our Loan Calculator
  • Choose a loan amount
  • Fill in loan term
  • Fill in interest rates

Enter Your Loan Information

Enter the total amount borrowed$
Enter your annual interest rate%
Enter the amount of time you have to repay your loanmonths
Total Payment$5,459
Total Interest $459
Monthly Payment $1,092

If you consider a $5,000 loan, you would need to pay $1,092 each month. You would also pay $459 in interest over the term of the loan, bringing the grand total to $5,459 .

Show Amortization Schedule

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Amortization Summary
Principal & Interest $1.092
of Payments 3
Total Payments
(Principal + Interest)$5.459
Original Loan
Amount $5.000
Full Amortization Schedule
Start Date
Est. payoff date:
May 14, 2025
#Month / YearPayment AmountInterest PaidPrincipal PaidLoan Balance
1Aug 2024$1,092$150.00$941.77$4,058.23
2Sep 2024$1,092$121.75$970.03$3,088.20
3Oct 2024$1,092$92.65$999.13$2,089.07

Note: Note that the information above, which is generated by the “bad credit loan calculator” is based on your details. The values above are only for informational purposes and aren’t included in the application process for Capital Payday Lonas. Your real payments, terms and rates can vary and are not guaranteed in any way or offered as a part of your loan. The calculations represent payments that are made in full according to their due date.

How Do You Calculate a Payday Loan Payment?

To quickly find how much your loan payments will be, enter the numbers in the fields below:

  1. Loan amount – How much money do you want to borrow?
  2. Loan term – How long will you take to repay the loan? 
  3. Interest rate – What will the lender charge you when you take out the loan (according to a percentage).

After entering your details, the personal loan calculator will display three numbers. You can use the to compare and evaluate different loans. Here is  how to understand the numbers:

  1. Total payment – This is the principal + interest*. It is the entire amount you’ll be paying the lender, which includes the original loan amount. 
  2. Total interest paid – This is the total amount of interest you pay during the term of the loan. 
  3. Monthly payment – This is how much you will need to pay each month until the loan term ends.

*The total doesn’t include additional fees you may be charged by the lender. The amount is according to full payments made on time.

Estimating Loans with the Capital Payday Loan Calculator

By using our bad credit loan calculator, you will be able to understand the real costs of your loan and how the payments can fit into your monthly budget. The calculator takes your loan amount, the length of the repayment term and the interest rate into account.

Amortization Schedule for Payday Loans

You can view your estimated monthly payments, along with the amortization schedule. This will show you the breakdown between the principal and the interest paid every month.

Estimates Using the Calculator

When using the loan calculator, your loan payment only provides you with an estimate that is based on the information you put in. Other loan fees, such as prepayment penalties or originations fees might either reduce the amount of loan you receive or increase your cost.

Understanding Payday Loan Calculator Terminology

It’s helpful to understand the basic terms of bad credit loans before you begin to use a personal loan payment calculator. Knowing these terms still aid you in understanding the numbers and help you to get a clear picture of how our loan might look.

Loan Amounts

When referring to the loan amount, this is the total loan, including all fees costs. For example, some lenders might add on an administrative fee when processing your loan. The loan amount would include those fees as well.

Length of Loan Term in Months

This is the amount of months that you will have to repay your loan. Many bad credit loans run between 24 and 48 months, but this can vary depending on the state you live in. Find out from your lender if there is a prepayment fee, so that you can pay off the entire loan before the end of the original term date, without being charged.

Interest Rates

Interest rates can be confusing when you are checking the cost of a loan. Try to discern if the company is referring to monthly interest or yearly interest, which is also known as APR. The higher your interest rate is, the more expensive your total loan will cost.

While loans can be confusing, those are the main terms that you should understand when using our bad credit loan calculator. Keep in mind that you are always welcome to call us or to use the resources we have available for you on our website. It’s important to us that you understand the loan costs.

How to Compare Payday Loans Using Our Payday Loan Calculator?

Before using a title loan payment calculator, it is important to understand a few basic terms that have to do with title loans. This will help make sDo you want to compare prices on various loans? You can see the benefits of loan comparison (payments, interest rates and loan terms) when you use the online bad credit loan calculator. This will help you choose the best option, according to your budget.

Benefits of Using a Bad Credit Calculator

When you can get as much information as possible before applying for personal loans, it can help you make the best decision. There are even more advantages when you use an online loan calculator.

Here are a few of the benefits:

Payday Loan Calculator – It’s Free!

Not only is our online bad credit loan calculator super fast in its calculations, but it’s totally free! You only need to put in a few of your basic details to get an estimate. No matter how many estimates you request, it remains free of charge.

Easy to Compare

You can enter the loan terms that you receive from multiple lenders and make your own choice as to which one is suitable for your situation. This will save you a lot of time and money.

Loan Optimization

When you use our easy loan calculator, you can quickly see which loan option is the best for you. If it turns out that the loan seems to be too expensive, discuss this with your lender to find out if there is flexibility in the offer.

This simple loan calculator is only one tool that Capital Payday Lonas provides you to help save time and money in your loan process. We hope it will help you in making the best decision possible.

Use Our Online Personal Loan Calculator

Do You Still Have Questions About How Personal Loans Work?

By reading this informative article, we hope that you understand how the bad credit online calculator can help you save money and make a more informed choice regarding your loan options.

If you want more information on how bad credit loans work and the requirements for getting them, you are welcome to call us today. To begin  your online application, all that is needed is to complete the inquiry form. It only takes a few minutes and our loan agents are ready to help if you have questions.

Take Advantage of Our Loan Calculator for Bad Credit to Help You Choose Your Next Loan!

Take Advantage of Our Loan Calculator for Bad Credit to Help You Choose Your Next Loan!

Get Started On Your Cash!
There’s No Need to Wait!

Take the first step to cash by completing the short inquiry form and submitting it to us at Speedy Payday Loans.

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