Compare the cost of borrowing $3,000
These are independent arithmetic scenarios, not actual lender offers. The 14-day fee assumptions are inspired by the CFPB's published $10–$30 per $100 range for payday loans, but a $3,000 traditional payday loan is often unavailable under state loan-size limits.
| Hypothetical structure | Principal | Charge | Term | Total repayment | Simple annualized rate* |
|---|---|---|---|---|---|
| $10 per $100 | $3,000 | $300 | 14 days | $3,300 | 260.7% |
| $15 per $100 | $3,000 | $450 | 14 days | $3,450 | 391.1% |
| $30 per $100 | $3,000 | $900 | 14 days | $3,900 | 782.1% |
| Fixed hypothetical $150 fee | $3,000 | $150 | 30 days | $3,150 | 60.8% |
*Charge / principal × 365 / days × 100. This is an approximate annualization for single-payment examples, not a legally verified disclosed APR for any product. Installment products require a different cash-flow-based calculation.
What this comparison does not prove
It does not establish that any lender offers these rates, that these amounts are legal in a given state, or that a borrower qualifies. Compare real written disclosures, total repayment, payment schedule, fees, lender licensing and state law before agreeing.
Sources: CFPB fee explanation and CFPB APR explanation.
Educational content reviewed October 12, 2026. No loan offer or rate is represented.
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.