See a loan's real annual cost — the APR — after upfront fees are folded in, which is almost always higher than the advertised interest rate.
How it works
- Enter the loan amount and the advertised interest rate.
- Provide the upfront fees charged by the lender.
- The engine finds the rate that matches the net disbursement to reveal your true APR.
Frequently asked questions
APR vs interest rate?
The interest rate is the cost of borrowing the principal; APR adds fees to reflect the true yearly cost. Lenders must disclose APR.
Why is APR higher than the rate?
Because upfront fees mean you receive less money but still repay as if you borrowed the full amount.
Is a lower APR always better?
Usually, when comparing similar loans — APR captures both rate and fees in one number.