APR Calculator
About APR Calculator
The APR calculator converts interest and fees into an approximate annual percentage rate for a loan.
How to Use
The APR calculator converts interest and fees into an approximate annual percentage rate for a loan. Enter the Loan amount, Interest paid, Fees, and Term days values and review the APR, Finance charge, and Total repayment outputs after you calculate.
- Open the calculator : Use APR Calculator from the Finance category.
- Check the inputs : Review the required values and any optional settings.
- Read the formula : Use the formula and notes below to understand how the result is produced.
Common Questions
What does the APR Calculator estimate?
Estimate annual percentage rate from finance charges and loan term.
What can change the estimate?
This is an estimate, so taxes, fees, payment timing, compounding, and changing returns can move the result.
What does APR stand for on a credit card?
APR stands for Annual Percentage Rate. It represents the yearly cost of borrowing money on your credit card if you carry a balance from month to month. If you pay your statement balance in full every month, you generally avoid paying any interest regardless of the APR.
Inputs
- Loan amount
- Interest paid
- Fees
- Term days
Outputs
- APR
- Finance charge
- Total repayment
Formula
APR = ((interest + fees) / loan amount) × (365 / term days).