APR Calculator

Use our free APR (Annual Percentage Rate) calculator to convert APY to its nominal APR, or calculate the APR of a loan including interest and fees. APR represents the true annual cost of borrowing.

Financial

Mode

APY / Effective Rate (%)

Compounding Frequency

Loan Amount

Total Interest Charged

Fees (origination, processing, etc.)

Loan Term (years)

years

Currency

Formula

APR represents the true annual cost of borrowing, including interest and fees. This calculator converts APY back to APR for comparison, or calculates the APR of a loan given the loan amount, total interest, fees, and term.

APR from APY: APR = n × ((1 + APY)^(1/n) - 1). APR from Loan: APR = n × ((Total Payment / Loan)^(1/(n×t)) - 1)

Percentage: The percentage value you want to apply

Number: The original number or value

Result: The calculated result

How It Works

1Choose between converting APY to APR or calculating APR from loan details.
2For APY conversion: enter the APY rate and compounding frequency.
3For loan APR: enter loan amount, total interest, fees, and loan term.
4The calculator shows the APR and a breakdown of costs.

Examples

5.116% APY compounded monthly to APR

1.APR = 12 × ((1 + 0.05116)^(1/12) - 1)
2.APR = 12 × (1.004167 - 1)
3.APR = 12 × 0.004167 = 5.000%

Result: 5.000%

Frequently Asked Questions

Annual Percentage Rate (APR) is the annual rate charged for borrowing, expressed as a percentage. It includes the interest rate plus any fees or additional costs.

APR is the nominal rate before compounding. APY includes compounding effects. For savings, APY is higher than APR. For loans, APR often includes fees.

APR gives you the true cost of borrowing by including fees and other charges, making it easier to compare different loan offers from different lenders.

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APR vs APY Explained

CalculateMe Team

Last updated: 2026-07-15

Frequently Asked Questions

Annual Percentage Rate (APR) is the annual rate charged for borrowing, expressed as a percentage. It includes the interest rate plus any fees or additional costs.

APR is the nominal rate before compounding. APY includes compounding effects. For savings, APY is higher than APR. For loans, APR often includes fees.

APR gives you the true cost of borrowing by including fees and other charges, making it easier to compare different loan offers from different lenders.

APR Calculator

Formula

How It Works

Examples

5.116% APY compounded monthly to APR

Frequently Asked Questions

What is APR?

How is APR different from APY?

Why is APR important for loans?

Related Calculators

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APR Calculator

Formula

How It Works

Examples

5.116% APY compounded monthly to APR

Frequently Asked Questions

What is APR?

How is APR different from APY?

Why is APR important for loans?

Related Calculators

Related Articles