How Does APR Work on a Car Loan? When you calculate the interest rate on a car loan, it is simply a percentage of the total loan balance.

APR stands for the annual percentage rate and, in terms of need-to-know financial information, understanding APR is pretty high on our list.

The loan is $1,000 and the interest rate is 5%. The loan includes a $10 origination fee. According to this Experian APR calculator, the APR would be 6.86%.

Using a loan calculator is one of the easiest ways to estimate loan payments and total loan costs before borrowing. The loan calculator below can help you project costs for an installment loan ...

Fees can drive up the cost of your student loan, personal loan or small business loan. An APR calculator allows you to compare loan offers with fees.

Use our credit card interest calculator to see how much interest you would be charged per billing cycle. Enter your balance and APR to see the charges.

The APR is an annual rate spread across the loan term. Some lenders calculate the APR using a daily periodic rate applied to your balance each day, while others use a monthly periodic rate.