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Use this apr calculator for a clear financial estimate. Results update instantly in your browser.
What this calculator does
Compare borrowing costs by converting interest and loan fees into an annual percentage rate.
How to use this calculator
- Enter the amount financed, rate, term, and relevant fees.
- Review the calculation assumptions before using the result.
- APR makes offers with different fees easier to compare.
How to calculate
Installment = PV × i ÷ (1 − (1 + i)⁻ⁿ); APR is the periodic rate that discounts the installment stream to the borrower’s net proceeds.
Enter the values requested by the apr calculator.
Worked example
Use the default values as a worked example, then replace them with your own figures.
Understanding your result
APR makes offers with different fees easier to compare.
- It is an estimate, not a lender disclosure.
- Double-check values and units before calculating.
This calculator is educational and is not financial or medical advice.
Frequently asked questions
What does this apr calculator do?
Compare borrowing costs by converting interest and loan fees into an annual percentage rate.
How do I use this apr calculator?
Enter the amount financed, rate, term, and relevant fees.
What does the result mean?
APR makes offers with different fees easier to compare.
What should I check before relying on it?
It is an estimate, not a lender disclosure.