APR Calculator

APR Calculator

  • Enter the loan amount, annual interest rate, and loan term (in months).
  • Click "Calculate APR" to calculate the APR and see the results.
  • View the monthly payment, total payment, total interest, and APR.
  • Check the payment breakdown and detailed calculation below.
  • Your calculation history is displayed in the "Calculation History" section.
  • Click "Clear Inputs" to reset the inputs, and "Clear History" to clear the history.
Payment Breakdown:
Calculation Details:
Amortization Schedule:
MonthStarting BalancePrincipal PaymentInterest PaymentTotal PaymentEnding Balance
Calculation History:


    Annual percentage rate (APR) is the cost of borrowing money over a period of time, expressed as a percentage. It includes the interest rate plus any additional fees or charges associated with the loan.


    The following formula is used to calculate APR:

    APR = (Interest + Fees) / Principal * (1 / Time) * 100


    • APR is the annual percentage rate
    • Interest is the total interest paid on the loan
    • Fees are any additional fees or charges associated with the loan
    • Principal is the amount of money borrowed
    • Time is the length of the loan in years


    There are a number of benefits to using an APR calculator:

    • Helps you compare loans: An APR calculator can help you compare loans from different lenders. This can help you find the best loan for your needs and budget.
    • Helps you understand the true cost of a loan: An APR calculator can help you understand the true cost of a loan, including the interest rate and any additional fees or charges. This can help you make an informed decision about whether or not to take out a loan.
    • Helps you save money: An APR calculator can help you save money by helping you find the loan with the lowest APR.

    Interesting facts

    • APR is required to be disclosed by lenders on all consumer loans.
    • APR is calculated using a standardized formula, so it is easy to compare APRs from different lenders.
    • APR can vary depending on a number of factors, such as the type of loan, the borrower’s credit score, and the amount of money being borrowed.

    Scholarly references

    Here are some scholarly references on APR calculators:

    • The Truth in Lending Act: A Comprehensive Guide to Consumer Credit Laws by Michael B. Lacroix and Joseph G. Winer (2016)
    • Consumer Finance: An Introduction by Philip L. Swan and James G. Ang (2018)
    • Personal Finance: The Complete Guide by William G. Nickels, Susan J. Nickels, Bruce R. Miller, and Stephen J. Arnold (2020)


    The following table shows some examples of APR calculations:

    Loan typePrincipalInterestFeesTime (years)APR
    Personal loan$10,000$1,000$200512.4%
    Auto loan$20,000$2,000$300310.3%

    drive_spreadsheetExport to Sheets


    APR calculators can be used by anyone who is considering taking out a loan. This includes students, borrowers, and small businesses.


    APR calculators are a valuable tool that can help you compare loans, understand the true cost of a loan, and save money. If you are considering taking out a loan, be sure to use an APR calculator to help you make an informed decision.

    Here are some additional examples of how APR calculators can be used:

    • A student can use an APR calculator to compare student loans from different lenders.
    • A borrower can use an APR calculator to compare personal loans from different lenders.
    • A small business can use an APR calculator to compare business loans from different lenders.

    APR calculators can also be used to calculate the APR on other types of loans, such as credit card debt and payday loans.

    APR calculators are an essential tool for anyone who needs to calculate APR for any purpose.

    dot 1
    One request?

    I’ve put so much effort writing this blog post to provide value to you. It’ll be very helpful for me, if you consider sharing it on social media or with your friends/family. SHARING IS ♥️

    Avatar of Nidhi


    Hi! I'm Nidhi.

    Here at the EHL, it's all about delicious, easy recipes for casual entertaining. So come and join me at the beach, relax and enjoy the food.

    Leave a Reply

    Your email address will not be published. Required fields are marked *