KLOORAAPR Calculator
Calculate the true APR of a loan including fees, not just the interest rate.
Quick answer: APR Calculator: Calculate the true APR of a loan including fees, not just the interest rate. Everything runs in your browser, so nothing you enter is uploaded or stored.
How to use APR Calculator
- Enter your values in the fields.
- The results update instantly as you type.
- Note or copy the numbers you need.
Features
- Instant results
- Free, no signup
- Runs in your browser, nothing is uploaded
- Works on phone and desktop
How it works
The APR is the rate that makes the payment schedule repay the amount you actually receive (loan minus fees). We find it by trial: raise or lower the rate until the payment matches.
Worked example
A 20,000 loan at 8 percent for 5 years with 500 in fees has an APR near 9.1 percent.
Frequently asked questions
What is the difference between APR and interest rate?
APR includes fees and shows the full yearly cost of borrowing. The interest rate does not.
Why is my APR higher?
Origination fees and points raise the effective cost.
Is the APR Calculator free?
Yes. It is free, needs no signup and works on any device.