Principal
$1,000
$1,000 Loan
Need $1,000 in cash, or a $1,000 loan balance?
A $1,000 principal does not necessarily put $1,000 toward your expense. Confirm whether any fee is withheld, then compare the net delivery and full repayment. Increasing principal to cover a deduction creates a larger obligation, not a free correction.
Bottom Dollar Payday is a product of FSST Financial Services, LLC, not a lender. An independent provider processes the application; terms and availability depend on the provider.
- Choose your amount
Start with your cash need and repayment.
- Complete the application
Continue to the provider’s online form.
- Review any offer
Check the cost and dates before accepting.
Fee: 5% of principal
$50
Net proceeds
$950
Start with your situation
Which $1,000 target are you solving?
Choose the meaning of the amount before comparing offers.
I need exactly $1,000 usable for a bill
Use net proceeds as the target. Ask for the amount that actually arrives after any deductions and whether it arrives before the payment deadline.
The provider offers $1,000 principal
Check the fee basis and how charges are paid. Do not assume the principal, amount financed and cash delivered are interchangeable labels.
The provider suggests a larger loan to cover fees
Ask how the larger amount changes payments and total cost. Confirm that adjusting the amount is allowed and genuinely helps the expense plan.
See the difference a withheld charge makes
In this illustration, a fee equals 5% of principal and is withheld at funding. A $1,000 principal therefore delivers $950. The 5% is an invented fee assumption, not a market rate, APR or Bottom Dollar offer.
| Illustrative ledger | Amount |
|---|---|
| Principal | $1,000 |
| Fee: 5% of principal | $50 |
| Net proceeds | $950 |
| Expense requiring cash | $1,000 |
| Remaining shortage | $50 |
On a narrow screen, scroll inside the table to see every column.
Personal installment products can have fees that must be evaluated in the actual disclosures. [R06] Confirm whether yours is deducted, paid separately, financed or calculated on a different basis before using this example.
Understand the gross-up calculation without assuming an offer
If—and only if—a fee is exactly 5% of principal with no other deduction, net cash equals principal × 0.95. To model $1,000 net, divide $1,000 by 0.95: approximately $1,052.63 principal. With a fee rounded to $52.63, that leaves $1,000.00.
This does not mean you should request that amount or that a lender will offer it. Minimum increments, caps, other charges and rounding can change the result. Obtain the provider’s final written figures. A fee based on the requested amount, a flat fee or a separately paid charge requires different arithmetic.
Use the worksheet
Model principal, net delivery and repayment together
Use the principal, annual nominal interest rate, monthly term and withheld fee from the same offer. This estimate is not a legal APR calculation.
Use numbers without $ signs or thousands separators; use a dot for decimals. The calculation stays in this page and does not retrieve bank or credit data.
Method, assumptions and limits
For equal monthly periods: r = annual nominal rate / 1200; payment = principal × r / [1 − (1 + r)^(−months)]. At a zero rate, payment = principal / months. Total payments use the unrounded payment × months. Net proceeds = principal − withheld fee. Cost relative to net proceeds = total payments − net proceeds. The withheld fee does not change this example’s contractual principal. Not a legal APR calculation. Excludes irregular dates, daily accrual, variable rates, additional fees, prepayment and penalties. Actual final-payment rounding can differ.
Input limits: money $0–$35,000 (two decimal places); principal must be positive; fee must be below principal. Monthly term: 1–600 whole months. Annual nominal rate: 0–1,000%, up to four decimals. App uses: 0–1,000 whole uses. These are calculator limits, not available loan terms.
Compare the larger obligation as well
The following models use a hypothetical fixed 18% annual nominal interest rate, twelve equal monthly periods and the first payment one month after funding. These are not actual offers or APR calculations.
| Model | $1,000 principal | Adjusted principal example |
|---|---|---|
| Principal | $1,000.00 | $1,052.63 |
| Fee withheld | $50.00 | $52.63 |
| Net received | $950.00 | $1,000.00 |
| Monthly payment, rounded | $91.68 | $96.51 |
| Total repayments, rounded | $1,100.16 | $1,158.06 |
| Cost above net proceeds | $150.16 | $158.06 |
On a narrow screen, scroll inside the table to see every column.
Totals use unrounded modeled payments; a real final payment can adjust cents. The larger principal closes the $50 delivery gap in this narrow illustration but creates additional repayment. Compare that obligation with your budget rather than stopping at “$1,000 received.”
Enter the rate and fee without counting twice
The calculator uses nominal annual interest for a fixed monthly amortization model. It does not determine regulatory APR. Enter a withheld fee as dollars, not as the number 5 when you mean 5%. For the first example, the dollar fee is $50. [R17]
If you only have an APR that includes fees, obtain the nominal rate and the actual schedule instead of treating APR as the interest input and adding the charges again. Irregular dates, daily accrual, variable rates and balloon balances are outside this model.
Check the payment in a weak month
Compare the entire payment with income remaining after essentials, existing debts and a reserve. General personal-loan evaluation can consider income, debts and credit; the worksheet is not a substitute for that decision. [R15]
A lower principal may cost less but leave the expense incomplete. A higher principal may cover it but fail repayment. Consider only confirmed alternatives for the residual gap, such as a bill arrangement or cash already available—not another loan you assume will be approved.
Reconcile the final disclosure before accepting
The final documents should let you trace principal to cash received and cash received to total repayment. Verify every fee, each due date, disbursement conditions and the provider’s identity. Ask about any figure that differs from the earlier screen.
Use the $200 page for the basic requested-versus-received distinction and the $600 page for term effects. This page models a $1,000 net target; it neither adjusts a real request nor promises a particular amount or approval.
Questions before your next step
Is $1,052.63 the amount I should request?
It is only the result of the stated 5% withholding example. Actual charges, allowed increments and your budget may make it inapplicable.
Should I enter 5 as the fee?
Only for a $5 withheld fee. The calculator expects dollars; 5% of $1,000 is $50.
Does this calculate the lender’s APR?
No. It models fixed monthly payments using nominal interest and a specified withholding. Review the actual APR disclosure separately.
Related decisions
Ready for your next step?
Continue to the online application. Review the terms of any offer before you accept.
Sources and scope
Sources support general product facts, not a Bottom Dollar lender offer or endorsement. Numerical scenarios are illustrations, not available rates or terms.
