The maximum costs for taking out a 14-day loan at a payday lender:

The maximum costs for taking out a 14-day loan at a payday lender:

$100 LOAN

Fee: $10

Interest charge: $5

Total due: $115

$500 LOAN

Fee: $50

Interest charge: $25

Total due: $575

$800 LOAN

Fee: $72.50

Interest charge: $40

Total due: $912.50

Source: Policy Matters Ohio