APR Calculator
The advertised interest rate is not the full story. This APR calculator adds processing fees, documentation charges and monthly costs to the rate you were offered, revealing the true annual cost of a loan so you can compare offers on equal terms.
True APR
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Effective Annual Rate
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Monthly Payment (incl. monthly charges)
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Net Amount You Receive
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Total Cost of Loan
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Extra Cost vs Advertised Rate
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How to use
- Enter the loan amount, advertised rate and term.
- Write upfront amounts like processing fee, documentation and insurance in the fees field.
- Enter the charges applied every month in the monthly charges field.
- Compare the true APR with the advertised rate — a higher APR means a more expensive loan.
Note
APR is solved numerically so that the present value of all payments equals the net amount you actually receive. Lenders may disclose APR with slightly different conventions.