$500 90-Day Loan: Payments, Total Cost and Where to Look
Updated November 2, 2026
90 Day Loan is an independent information site, not a lender or loan broker, and does not make credit decisions. Guides are general information, not financial advice.
These are our own calculations for $500 borrowed with equal payments and no fees.
Three monthly payments
| APR | Monthly payment | Total repaid | Interest |
|---|---|---|---|
| 18% | $171.69 | $515.07 | $15.07 |
| 28% | $174.50 | $523.51 | $23.51 |
| 36% | $176.77 | $530.30 | $30.30 |
| 99% | $194.89 | $584.68 | $84.68 |
| 200% | $225.07 | $675.20 | $175.20 |
Six biweekly payments
| APR | Biweekly payment | Total repaid |
|---|---|---|
| 28% | $86.50 | $519.01 |
| 36% | $87.42 | $524.51 |
| 99% | $94.78 | $568.71 |
| 200% | $107.15 | $642.90 |
Where to look
- Federal credit unions: PAL I loans run $200 to $1,000 and PAL II loans up to $2,000, with APR capped at 28% and an application fee of no more than $20
- A paycheck advance from your employer, or a payment plan with the company you owe
- Licensed online installment lenders in your state (compare the APR, not just the payment)
Before you sign
- Compare the APR, which includes fees, not just the payment.
- Confirm the lender is licensed with NMLS or your state regulator.
- Never pay a fee before you get the money; that's a common scam sign.
This guide is general information, not financial advice. Loan rules, rate caps and which products are allowed differ by state. Check a lender's license with your state regulator before you apply.
Frequently asked questions
What is the monthly payment on a $500 90-day loan?
About $176.77 a month at 36% APR over three monthly payments, by our math, before fees.
Can I get a $500 loan for 90 days with bad credit?
Often, yes. Credit union PALs and some installment lenders work with fair or poor credit, but expect a higher APR from online lenders. Avoid anyone who asks for an upfront fee.
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Sources
- NCUA: Payday Alternative Loans (PAL II) final rule
- CFPB: What is the difference between a loan interest rate and the APR?
- NMLS Consumer Access: check a lender's license
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