METHOD
How it is calculated
Solves the annual rate that equates the present value of repayments to net loan proceeds. Each payment time equals month number / 12.
% Loans and personal finance
Effective annual borrowing cost calculator
Compare the annual cost of a loan with equal monthly payments and all known mandatory charges.
01
Your inputs
Starting values are an example. Replace them with your own.
Your inputs stay in your browser.
02
Your result
Enter your details and run the calculation.
TRACEABLE