Find the true annual percentage rate of a loan once fees are included.
A ₹5,00,000 loan at 11% for 3 years with ₹10,000 of upfront fees has an APR of 12.402%, because you only receive ₹4,90,000 but repay on ₹5,00,000.
The stated interest rate ignores fees. The annual percentage rate (APR) includes upfront charges such as processing fees, so it shows the real yearly cost of borrowing. Enter the loan amount, fees, stated rate and term to see the APR, the monthly payment and the total cost of borrowing.
Always compare loan offers by APR rather than by headline rate. Shorter loans are hit harder by fixed fees. For the payment itself use the Loan Calculator; to find an unknown rate use the Interest Rate Calculator.
The calculator applies the standard financial formulas step by step.
| Item | Value |
|---|---|
| Loan amount | ₹5,00,000.00 |
| Fees | ₹10,000.00 |
| Amount you receive | ₹4,90,000.00 |
| Monthly payment | ₹16,369.36 |
| Total paid | ₹5,89,296.91 |
| Total cost of borrowing (interest + fees) | ₹99,296.91 |
| Stated rate | 11% |
| APR (with fees) | 12.402% |
| Fees | APR |
|---|---|
| No fees | 11% |
| ₹5,000 fees | 11.696% |
| ₹10,000 fees | 12.402% |
| ₹20,000 fees | 13.846% |
| ₹10,000 fees, 5 years | 11.885% |
The annual percentage rate: the yearly cost of a loan including interest and certain fees.
Because fees are added to the cost while you receive less than the stated loan amount.
Typically processing, origination and other mandatory upfront charges. Optional extras are normally not.
The loan with the lower APR is cheaper, provided the terms are the same.
No — only costs known upfront.
Not exactly. APR here is the nominal yearly rate with monthly compounding; the effective rate is slightly higher.
It uses the standard formula: Solve for r: payment = (P − fees) × r ÷ (1 − (1 + r)^−n) The full method and a worked example are shown on this page.
No. The calculator gives estimates for planning and learning. Real offers vary by lender, product and date, so confirm the details with your bank, lender or a qualified adviser before deciding.
Yes. The maths is identical in any currency; only the currency symbol shown in the results differs.
No. Everything is calculated in your browser and nothing you enter is uploaded or saved.
