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aprClassic tool

APR and effective annual rate calculator

Estimate APR, total borrowing cost and effective annual rate from a nominal rate, upfront fees and loan term.

  • apr
  • effective-annual-rate
  • loans

Use this calculator to turn a nominal interest rate, upfront fees and repayment term into a clearer borrowing cost estimate. It shows the fixed monthly payment, net amount received, APR-style annual rate and effective annual rate in one place.

It is best suited to fixed-rate installment loans with monthly payments and fees charged at origination. That makes it useful for comparing similar personal loans, financing offers and installment plans before you commit.

Enter the loan details to estimate the full borrowing cost for a fixed monthly payment schedule.

Estimated monthly payment-

Net amount received-

Total paid over term-

Total borrowing cost-

Estimated APR-

Effective annual rate-

Use clear inputs to get a more useful result.