Quick Loans: How Much Will You Pay for a $400 Loan?

What is the total amount you need to repay for a $400 loan with Quick Loans?

Quick Loans will loan you $400 with the understanding that you will repay them $458 in two weeks. How much interest are you paying?

Total Repayment Amount:

The total amount you need to repay for the $400 loan from Quick Loans is $458. You will be paying $58 in interest on the loan.

Imagine needing some quick cash and deciding to take out a $400 loan with Quick Loans. The good news is that you can get the money you need fast. However, it's important to understand the total cost of borrowing this money.

With Quick Loans, you would receive $400 as the loan amount. But when you repay the loan in two weeks, you will need to return $458 to cover the borrowed amount and the interest accrued during this short period.

This means that the total repayment amount for the $400 loan would be $458, with $58 of that amount going towards interest. It's essential to be aware of these additional costs to make informed decisions when borrowing money.