---
title: "Payday Loan Cost Calculator (and APR) | Desert Rock Capital"
url: "https://www.desertrockcapital.com/calculators/payday-loan"
description: "See the total cost and equivalent APR of a payday loan from the fee per $100 and term. Educational tool; DRC does not offer payday loans."
---

Cost-of-credit tool

# See the true cost of a payday loan.

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.
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**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.
Amount borrowed
$
Fee charged per $100 borrowed
$

Payday fees are commonly stated as a dollar amount per $100.
Term until due
days

### 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.

## How the math works

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](https://www.consumerfinance.gov/ask-cfpb/what-is-an-annual-percentage-rate-apr-and-why-is-it-higher-than-the-interest-rate-for-my-payday-loan-en-1625/)

## Questions, answered plainly

### Does Desert Rock Capital offer payday loans?

### How does a flat fee become an annual percentage rate?

### What is the difference from an installment loan?

A payday loan is one lump sum due on payday; an installment loan is repaid in fixed scheduled payments over time, which many borrowers find easier to plan around.
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What you need to apply
Ready for the real number?

## Book a time at a Utah branch.

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.
Step
1
of
3
Branch & details

## Which branch, and who's coming in?

Pick the location that works for you. Booking a time is not a loan decision.
Choose a branch
First name
*
Last name
*
Email
*
Phone
*
I accept the Terms of Service and Privacy Policy
*
By checking this box, I acknowledge that I have reviewed and agree to be bound by Desert Rock Capital's
Terms of Service
and
Privacy Policy
.
This includes:

- The Mandatory Arbitration Agreement, which requires disputes to be resolved through individual arbitration rather than court or class action
- The terms governing contact, communications, and use of my information
- All other terms and conditions applicable to my inquiry and any future loan relationship
I understand I may opt out of the Arbitration Agreement within 30 days by sending written notice to
help@desertrockcapital.com
.
I consent to receive calls, texts, and emails
*
I authorize Desert Rock Capital to contact me at the phone number(s) and email address I provide for marketing, informational, and service-related purposes. This consent is not required as a condition of purchasing any goods or services from Desert Rock Capital.
This contact may include:

- Voice calls, including calls placed using automatic telephone dialing systems (ATDS), artificial intelligence (AI), predictive dialers, or prerecorded/artificial voice messages
- Text messages (SMS/MMS) sent via automated systems
- Emails related to my inquiry and loan products
I understand:

- Contact frequency varies; I may receive an average of 5 to 10 text messages per week and multiple voice calls per week
- Standard message and data rates charged by my wireless carrier may apply
- I can revoke this consent at any time by replying "STOP" to text messages or calling [801-377-3333](tel:+18013773333)
- I may be contacted even if my phone number is on a state or federal Do Not Call registry
- My wireless carrier is not liable for delayed or undelivered messages
By providing my contact information and checking this box, I am providing my express written consent to be contacted as described above.
Prefer to talk first?
Call
801-377-3333

## 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.
Start your application