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The Cost of Payday Loans at Beaumont State Texas The high cost of payday loans can be a burden for many people in Beaumont. A typical two-week payday loan with a $15 per $100 fee costs about $30 in interest and fees for every $100 borrowed. That's an annual percentage rate (APR) of almost 400%! For someone who needs to borrow $500, that same loan would cost $150 in interest and fees. That's a lot of money to pay just to borrow a small amount of cash for a short period of time. And if you can't repay the loan when it's due, you may be charged even more in fees and interest. If you're considering taking out a payday loan, make sure you understand all the costs involved. And remember, there are other options available if you need cash fast.