Interactive APR (Annual Percentage Rate) Calculator The APR is the actual yearly interest rate paid by a borrower, figuring in the points charged to initiate the loan and other costs.Calculate actual interest rate you are paying due to additional cost of loanPrincipal * ($)Amount of money borrowedAdditional Cost ($)Processing fee, bond fee etcInterest Rate * (%)Percentage of interest paid annually on principalNo of Months *No. of months over which you will repay this loan CalculateHere is a short example of how to calculate the APR and see how it differs from normal interest rates:Loan Amount (P) =$100Additional Cost (E) =$5Interest Rate (I) =12%Monthly Interest Rate (r) =R/100*12=0.01Number of month (n) =1Now, applying Newton-Raphson Method, we get an APR (A) =0.0605*1200=72.60%From the above calculation, we see that for a loan amount of $100 with 12% interest, the APR can be as high as 72.60%, depending upon the extra costs and the time taken for repayment. 11121 % Re-CalculateJoining a debt consolidation program can reduce your APR by reducing Interest Rate and extra cost, here you can check the effect of reduced interest rate on debt repayment. Monthly Payment = $ Total Payment = $ Total Interest =$MonthsPaymentsInterest PaidPrincipal PaidBalance18.460.088.3892.6228.460.088.3884.2438.460.078.3975.8548.460.068.467.4558.460.068.459.0568.460.058.4150.6478.460.048.4242.2288.460.048.4233.898.460.038.4325.37108.460.028.4416.93118.460.018.458.48128.460.018.48Paid