Payday loans charge a flat fee per $100 and are due in one lump sum on your next payday. Enter the amount, fee, and term to see the total cost and the equivalent annual rate.
Desert Rock Capital does not offer payday loans. We are a licensed Utah installment lender, with personal loans of $100 to $3,000, no credit check, and fixed biweekly payments. This calculator is provided for general education so you can understand and compare costs honestly.
Payday fees are commonly stated as a dollar amount per $100.
Results
Fill in the fields to see the result. The math runs instantly in your browser; nothing you type is saved or sent.
A general-purpose math tool. It runs standard math on the numbers you enter, including a rate you choose yourself. Nothing is pre-filled. It is not an offer, quote, rate, approval, or estimate of any Desert Rock Capital loan. Desert Rock Capital does not offer payday loans. We are an installment lender; this is a neutral educational tool that calculates a payday loan's cost from the figures you enter.
The calculator above is a general math tool and is separate from any Desert Rock Capital loan. Desert Rock Capital lends $100 to $3,000 in Utah with no credit check and fixed biweekly payments; the amount offered, if approved, is shown to you up front, and every payment is in writing before you sign.
APR = (fee / amount) x (365 / days) x 100
A payday fee is a flat dollar amount. Because the loan is repaid in days rather than a year, restating that fee as a yearly rate (APR) produces a larger number than the flat fee suggests. This calculator uses the APR method described by the CFPB.
Desert Rock Capital is a licensed Utah consumer lender. Our product is a personal installment loan of $100 to $3,000, with no credit check, no collateral, and fixed biweekly payments, for Utah residents. This calculator shows the cost of a payday loan, which Desert Rock Capital does NOT offer. It is general and educational, not an offer of any product. Other lenders and products calculate costs differently, and your actual terms depend on your own agreement. We use the standard formula cited below so the math is transparent and not our invention.
Source: CFPB: payday loan APR
No. Desert Rock Capital is an installment lender with fixed biweekly payments. This tool is here only to show how payday loan costs work.
We will walk the real schedule with you, in writing, before you sign anything. Booking a time is not a loan decision. No credit check, and a clear decision usually in about 30 minutes.
Which branch, and who's coming in?
Pick the location that works for you. Booking a time is not a loan decision.
- The Mandatory Arbitration Agreement, which requires disputes to be resolved through individual arbitration rather than court or class action
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The math is free. So is a straightforward decision.
Apply online or visit a branch in Salt Lake City, Orem, or St. George. No credit check, not based on your credit score, and you get a clear decision in about 30 minutes.
