APR Calculator
Updated on 22 Oct 2026 · Checked by Aotob
A 7% loan with $600 of fees has an APR of 8.29%.
You get $19,400 in hand but repay $396.02 a month on $20,000.
APR
8.29%
The fees add 1.29% to the rate. Compare loans on APR, not on the headline rate.
Show the working
Payment on 20,000 at 7% = 396.02
APR = the rate at which 396.02 × 60 months repays 19,400 = 8.286%
APR with other fees
| Fees | APR |
|---|---|
| $0 | 7% |
| $100 | 7.21% |
| $200 | 7.42% |
| $400 | 7.85% |
| $600 | 8.29% |
| $1,000 | 9.17% |
Questions people ask
What is APR?
The annual percentage rate: the interest rate plus fees, spread over the loan as a yearly rate. It lets you compare loans with different fees.
Why is APR higher than the rate?
Fees mean you receive less than you borrow but repay the full amount, so the real rate is higher.
Is APR the same everywhere?
Close. The UK quotes a representative APR that includes compounding; the US APR does not. Both include most up-front fees.
Updated 22 Oct 2026Source: Standard financial maths (time value of money)Checked by AotobFees paid at the start; equal monthly payments. Not financial advice.Report an issue