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APR Calculator

Find the True Cost of Borrowing with Our APR Calculator

Discover how much your borrowing will truly cost with our APR Calculator. Whether you’re considering a loan, credit card, or financing option, our tool helps you understand the Annual Percentage Rate (APR) and its impact on your repayments.

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APR calculator

This calculator assumes that interest is compounded monthly.

The nominal rate of interest applied.

Note: These calculations are only for illustrative purposes and are not a substitute for professional advice.

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What is APR?

Annual Percentage Rate (APR) is a standardised way to measure the cost of borrowing money. It represents the yearly cost of a loan or credit, expressed as a percentage, and includes not just the interest rate but also any additional fees or charges. By factoring in these extras, APR gives you a clearer picture of how much you’ll actually pay for borrowing over the course of a year. This transparency makes it easier to compare financial products like loans, credit cards, and mortgages.

What is APR?
Why is APR important?

Why is APR important?

Understanding APR helps you make informed financial decisions by allowing you to evaluate the true cost of borrowing across different lenders. For example, a loan with a lower interest rate but higher fees could end up costing more overall than a loan with a slightly higher interest rate and no fees. Knowing the APR ensures you aren’t misled by promotional rates or hidden costs, empowering you to choose the option that best fits your needs and budget.

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