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APR Calculator

True annual cost of a loan, including fees.

Enter values to see your result

Frequently asked questions

APR vs interest rate?

Interest rate = cost of borrowing. APR = interest + fees, annualised. APR > interest rate when fees exist.

Why do lenders quote interest rate only?

It sounds lower. APR is the honest figure. Always ask for APR — in India and US, lenders must disclose it.

APR vs APY?

APR = borrower's cost. APY = lender's/saver's return. APY includes compounding; APR includes fees. Different metrics for different perspectives.

Zero-fee loans?

Then APR = interest rate exactly. Some lenders market "processing-fee-free" — but may have hidden charges. Read fine print.