How do I calculate APR on a personal loan?

To calculate APR, you'll need your loan amount, monthly repayment, and loan term. The calculator estimates the annual interest rate assuming monthly compounding.

What is the difference between nominal and APR?

Nominal interest rate is the stated yearly rate without compounding. APR includes fees and compounding, giving a fuller picture of true borrowing costs.

Is this APR calculator free?

Yes. All Optimly calculators are free to use and require no registration.

OPTIMLY Calculators | Personal Loan APR Calculator

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Loan details

Loan amount:

Term, years:

Monthly payment

Compounding frequency: