Offer check

Copy four numbers from any loan offer. The check recalculates the payment, shows what the loan costs in total, and flags anything that does not add up.

Cash that reaches your account: $5,000
Payment the APR implies: $266.83
Total of payments: $6,404
Cost of borrowing: $1,404
Cost per $1 received: $0.28

The payment matches the APR and term.

Estimates for checking an offer, not a quote or advice. Everything runs in your browser and nothing you type here is sent or stored.

Why can the stated payment differ from the APR math?

Small differences come from rounding or a first payment date that is more or less than a month away. A larger gap usually means fees are built into the payment, or the APR shown is not the one in the agreement. Ask the lender to explain it before you sign.

Is a 36% APR a meaningful line?

It is a common benchmark. The Military Lending Act caps covered loans to service members at a 36% military APR, and many states cap some installment loans at or near it. Loans above that level are legal in some places, but the total cost climbs fast, so compare alternatives first.

What other lines should you read?

Late and returned-payment fees, whether paying early carries a penalty, and the exact date of the first payment. The Truth in Lending Act requires lenders to disclose the APR, finance charge, amount financed and total of payments before you sign, so those four should always be on the document.

Comparing offers is easier once you know which fees can appear on an installment loan.