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Loans
Simple Interest Daily Repayment Calculator
Enter the loan amount and daily payback amount to see each option's total repayment, daily payment schedule, and true annual interest rate for up to three repayment term options.
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$
Terms to compare
Repays $1,080.00
Repays $1,200.00
Repays $1,440.00
What this really costs a year
32.00%
Implied annual rate over 90 days, on a 360-day year
Total repaid
$1,080.00
Total Interest (Lender Profit)
$80.00
8.0% of the loan
Each day
$12.00
Side by side
| Option | Days | Total repaid | Interest | Annual rate |
|---|---|---|---|---|
| Option 1 | 90 | $1,080.00 | $80.00 | 32.00% |
| Option 2 | 100 | $1,200.00 | $200.00 | 72.00% |
| Option 3 | 120 | $1,440.00 | $440.00 | 132.00% |
29 Sept 2026
This lending is usually quoted as a daily payment with no rate attached. The annual rate here is what that payment actually works out to, so you can compare it against a bank loan.