finance tools

Free Online APR Calculator

Calculate the Annual Percentage Rate for loans and credit cards. Compare the true cost of borrowing by including fees, compound frequency, and loan terms.

APR Calculator (Simple Interest)
Calculate simple interest and monthly payments.

Total Interest

$2500.00

Total to Repay

$12500.00

Monthly Payment

$208.33

How to Use APR Calculator

  1. 1

    Enter the loan amount and stated interest rate

  2. 2

    Add any upfront fees or closing costs

  3. 3

    See the effective APR including all costs

Frequently Asked Questions

What is APR?

APR (Annual Percentage Rate) is the total yearly cost of borrowing, expressed as a percentage. It includes the interest rate plus any fees, making it a better comparison metric than the nominal rate alone.

What is the difference between APR and interest rate?

The interest rate is the base cost of borrowing the principal. APR includes the interest rate plus additional costs like origination fees, closing costs, and insurance — giving you the true cost of a loan.

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