Estimate your monthly payment, total interest, and total cost before you apply. See the real cost of an OppLoans loan.
This calculator provides estimates only. Actual payment amounts and interest rate will be determined by OppLoans based on your state of residence, income, and creditworthiness. OppLoans uses bi-weekly payment schedules in some states.
The calculator above shows you the full cost picture before you apply. Because OppLoans charges simple interest on amortizing installment loans, the total interest you pay depends heavily on three variables: the loan amount, the interest rate assigned to your loan, and the repayment term you choose.
The most important thing to notice is how quickly interest accumulates at triple-digit APRs. At 160% APR, a $2,000 loan repaid over 12 months costs nearly as much in interest as the original loan amount.
If the calculator result shows a total repayment significantly higher than the principal, consider whether a shorter term reduces the total cost (it does, at the cost of higher monthly payments), or whether an alternative lender with a lower APR is available to you.
| $2,000 Loan Example | Total Repaid | Total Interest |
|---|---|---|
| 99% APR / 12 months | $3,012 | $1,012 |
| 130% APR / 12 months | $3,492 | $1,492 |
| 160% APR / 12 months | $3,984 | $1,984 |
| 160% APR / 18 months | $4,716 | $2,716 |
| 195% APR / 18 months | $5,394 | $3,394 |
Estimates only. Actual figures vary by payment frequency and state.
The calculator shows estimates — your real rate is determined by OppLoans based on your state, income, and profile.