When life throws unexpected expenses your way, a cash advance can offer fast financial relief. But how much will that convenience actually cost you? Buddyloan’s easy-to-use cash advance interest calculator breaks down your total repayment clearly, ensuring you fully understand your financial commitment from start to finish.
Our cash advance calculator helps you quickly find out exactly how much you'll owe by following these simple steps:
Enter the principal or the initial cash you plan to borrow.
Select how many months you will take to pay back your advance.
Enter the annual percentage rate (APR) charged on your cash advance.
Once you've entered these details, click "Calculate," and you'll instantly see your total repayment amount, including precisely how much interest you'll pay assuming you pay the loan back on time.
Cash advance interest is the amount lenders charge you for borrowing money as a short-term advance, typically offered by lenders separate from credit cards. Here's what sets cash advance interest apart:
Our credit card cash advance calculator eliminates the guesswork by clearly showing how your advance amount, APR, and repayment schedule affect the total you’ll pay back.
To calculate your cash advance repayment and interest, our cash advance APR calculator uses this simple formula:
This formula helps you understand your costs clearly and quickly.
Let's explore how the cash advance daily interest calculator formula works with a realistic example:
Here’s how your repayment breaks down:
This practical example clearly demonstrates that borrowing $500 with a 35.99% APR for 31 days will cost you an additional $15.28 in interest, totaling $515.28.
Cash advances offer convenience, but smart financial planning can lower your costs significantly:
To continue making smart financial choices, explore our other easy-to-use calculators: