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Payday loan calculator

Our payday loan calculator shows you what a payday loan costs and how quickly the debt could increase.

Payday loans seem like a quick fix for short-term money problems but the debt can spiral quickly if you do not pay it back on time.


Payday loan calculator

Use the sliders to enter the loan details. This will show you what can happen if you cannot repay on time. The amount you owe can spiral.

Loan amount: £100
Loan period: 1 day


What are the risks of getting a payday loan?

Most people take out a payday loan to tide them over until the end of the month, or to cover an emergency or one-off expense.

But payday loans have high interest rates. This means you might not have enough money to last until your next payday once you repay the loan.

This can make you take out another loan, or rollover the balance until the next month, which quickly makes your finances harder to deal with.

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Payday loan help and advice

We can help if you are struggling to pay back a payday loan.

Use our online debt advice tool to find the right help for you.