APR Calculator
Effective APR including fees. Convert nominal rate and fees to true cost.
Use the APR Calculator
Enter loan amount, nominal rate, fees, and term. Effective APR is calculated.
Inputs
Principal, nominal rate, fees, term.
Results
Effective APR
0.1%
Amount received
$9,800
APR reflects the true cost including fees. Fees reduce proceeds, raising effective rate.
How this calculator works
Enter loan amount, nominal rate, fees, and term. Effective APR is calculated using the amount you actually receive.
How to interpret your results
Use APR to compare loans. Lower APR usually means lower total cost.
FAQs
What is APR?▾
Annual Percentage Rate. True cost of borrowing including fees, expressed as a yearly rate.
Why is APR higher than nominal rate?▾
Fees reduce the amount you receive, so the effective rate is higher.
When to use this?▾
Compare loans with different fee structures. APR standardizes the comparison.
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