Calculator
APR Calculator
An APR calculator estimates the yearly cost of credit when upfront fees are included. Enter the loan amount, rate, term, and fees to see the nominal APR and the effective APR.
Advertising disclosure: EmergencyLoaning may receive a referral fee if you apply through the link above. That fee does not change the rate you are offered, and it does not change our content. We are not a lender. The lowest rates are only available to the most qualified applicants. Read the full disclosure.
- Runs in your browser
- No sign-up
- Free
Enter your numbers and press Calculate. Nothing you type leaves your browser.
How this calculator works
The APR is the yearly cost of credit when upfront fees are included. It is usually higher than the advertised note rate because the fees reduce the money you actually receive while the payments stay the same.
This calculator finds the monthly periodic rate i that solves:
P - F = M * (1 - (1 + i)^-n) / i
- P = loan amount
- F = upfront fees
- M = monthly payment at the note rate
- n = number of monthly payments
It then reports the nominal APR = i * 12 * 100 and the effective APR = ((1 + i)^12 - 1) * 100. If fees are zero, both equal the note rate.
Fees vary by lender and loan type, so enter the fees from your own offer.
How to use this calculator
Enter your numbers
Everything runs in your browser. Nothing you type is sent to us.
Read the result
The result shows the headline figure and the numbers behind it, so you can see where the cost comes from.
Check the rules before you apply
State caps and licensing decide what a lender may offer you. The state reference lists both with their sources.
Before you apply, run the numbers
The calculators are free and run in your browser. When you are ready to look at real offers, the link below goes to our referral partner.
Advertising disclosure: EmergencyLoaning may receive a referral fee if you apply through the link above. That fee does not change the rate you are offered, and it does not change our content. We are not a lender. The lowest rates are only available to the most qualified applicants. Read the full disclosure.