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APR calculator

Work out the true APR of a loan once fees and compulsory charges are counted, and compare it with the advertised rate.

Enter the loan and its charges to price the credit.

The APR here is the internal rate of return on the actual cash flows: the money that really lands with you at the start against every monthly outflow, narrowed by bisection the way Regulation Z Appendix J describes a constant-yield solve. It is reported as a nominal annual rate (monthly rate times 12) with the effective annual figure beside it, since the two rules differ: the US Truth in Lending style is nominal, the UK APRC style is effective. What it does not do: variable or stepped rates, late fees, early-repayment rebates, rounding rules a specific regulator prescribes, or tax. The spread is a comparison, not a regulated disclosure.
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