Cost of capital
Two structures, side by side.
A daily payment and a monthly one are hard to compare in the form they arrive in. Reduce both to the same figures — total repaid, cost per dollar advanced, and what actually leaves the account each month.
Illustrative only. This is not an offer, a quote, a pre-approval, or a commitment to lend. It arithmetically restates figures you enter. It is not an APR, it does not account for fees not included in the payment, and it is not underwriting. Actual pricing, fees and structure are determined on the file and confirmed in a written term sheet before anything is signed.
The same amount under both structures, so the comparison is like for like.
Option A
Option B