Finance
True APR Calculator
Calculate the true annual percentage rate (APR) of loans using IRR method
True APR12.08 %View results
Select the repayment method
Enter the contract loan amount
Leave empty if same as loan amount
Number of monthly payments
Your fixed monthly payment
Enter the advertised rate for comparison
%
Service fee, processing fee, etc.
Monthly service or management fee
Real-time Results
True APR
12.08%
The actual annual percentage rate calculated using IRR method
Effective Annual Rate
12.78%
Compounded annual rate considering monthly compounding
Loan Summary
Key details about your loan
| Item | Value |
|---|---|
| Loan Amount | ¥10000.00 |
| Monthly Payment | ¥888.88 |
| Number of Periods | 12 months |
| Total Payment | ¥10666.56 |
| Total Interest/Fees | ¥666.56 |
| Interest to Principal Ratio | 6.67% |
Cash Flow Schedule
Cash flow at each period
View details (13)
| Item | Value |
|---|---|
| T0 Loan Disbursement | ¥10000.00 |
| T1 Repayment | ¥888.88 |
| T2 Repayment | ¥888.88 |
| T3 Repayment | ¥888.88 |
| T4 Repayment | ¥888.88 |
| T5 Repayment | ¥888.88 |
| T6 Repayment | ¥888.88 |
| T7 Repayment | ¥888.88 |
| T8 Repayment | ¥888.88 |
| T9 Repayment | ¥888.88 |
| T10 Repayment | ¥888.88 |
| T11 Repayment | ¥888.88 |
| T12 Repayment | ¥888.88 |
Disclaimer
The calculation results of this financial tool are for estimation and research reference only and do not constitute any investment advice or commitment. Actual rates and yields are subject to the final contract with the financial institution.
Supported inputs
| Input | Description |
|---|---|
| Loan Type | Select the repayment method Equal Payment (EMI) · Equal Principal · Interest Only (Bullet) · Prepaid Interest |
| Loan Amount | Enter the contract loan amount |
| Actual Amount Received | Leave empty if same as loan amount |
| Number of Periods | Number of monthly payments |
| Monthly Payment | Your fixed monthly payment |
| Nominal Annual Rate (%) | Enter the advertised rate for comparison |
| Upfront Fee | Service fee, processing fee, etc. |
| Monthly Fee | Monthly service or management fee |
Formula
IRR (Internal Rate of Return) Method: NPV = sum( C_t / (1 + r)^t ) = 0 Where: • C_t = Cash flow at period t • r = Monthly internal rate of return • t = Period number (0 to n) True APR = r × 12 × 100% Effective Annual Rate (EAR): EAR = (1 + r)^12 - 1
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