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Loan APR estimate calculator
Estimate an annualized rate when fees reduce the amount received.
On this page
Approximate annual percentage rate5.15%
Net amount received9,700
Calculator controls
How to calculate
Estimate an annualized rate when fees reduce the amount received.
Approximate annual percentage rate = (interest+fees)/(principal-fees)/years*100; Net amount received = principal-fees
Worked example
Stated loan amount: 10000; Upfront fees: 300; Total interest over term: 1200; Term (years): 3.
Approximate annual percentage rate: 5.15 %; Net amount received: 9,700 .
Assumptions and limits
This simple annualized estimate is not the legally prescribed APR calculation, which depends on exact cash-flow dates and jurisdiction rules.
Results are rounded for display; calculations use unrounded values. Read our calculation methodology.
Understanding the result
Estimate an annualized rate when fees reduce the amount received. The displayed figures use the inputs and formula shown on this page.
When this tool is useful
Use the loan apr estimate to compare a scenario, check an estimate, or verify a manual calculation.
Understanding your inputs
| Input | What to enter |
|---|---|
| Stated loan amount | Enter a number of at least 0.000001 and no more than 1000000000000. |
| Upfront fees | Enter a number of at least 0 and no more than 1000000000000. |
| Total interest over term | Enter a number of at least 0.000001 and no more than 1000000000000. |
| Term (years) | Enter a number of at least 0.01 and no more than 100. |
Frequently asked questions
What should I check before using the loan apr estimate result?
This simple annualized estimate is not the legally prescribed APR calculation, which depends on exact cash-flow dates and jurisdiction rules.
Is this loan apr estimate result exact?
It is exact for the stated mathematical model and entered values. Real-world results can differ when rates, timing, fees, definitions or measurement conditions differ.