How much does a $3,000 payday loan cost?
A finance charge and repayment term determine the total amount you owe. Compare APR and dollars, not just the advertised payment.
For example, a hypothetical $3,000 loan with a $300 charge repaid after 30 days has a $3,300 total payment and a simple annualized APR of about 121.7%. An installment loan has a different payment schedule and may use amortizing interest; compare the lender’s actual Truth in Lending disclosures.
What to check next
Review repayment dates, total cost, applicable state law and the lender's identity. A submitted request does not guarantee approval or funding. See the cost guide, state rules and safety checklist for additional context.
Consumer reference: CFPB payday loans.
Not a lender. Terms, eligibility and availability vary. Updated October 12, 2026.
Questions borrowers often ask
What should I know before using this guide?
Check your state’s lending rules and review the lender’s written disclosures. This website provides general information, not a loan offer.
Does this page guarantee a $3,000 loan?
No. Availability, loan amounts, approval, fees, and repayment terms depend on the lender and applicable law.