Annual Percentage Rate (APR) Calculator

How to Use Samman Capital's Annual Percentage Rate Calculator?

Enter a few details to calculate the true cost of your loan

Enter Loan Amount
1

Enter Loan Amount

Input the total loan amount you plan to borrow.

This forms the base for calculating your APR.

Select Loan Tenure
2

Select Loan Tenure

Choose the loan duration in years and months.

Tenure impacts your total repayment and APR.

Enter Interest Rate
3

Enter Interest Rate

Input the annual interest rate charged on the loan.

This determines your borrowing cost.

Add Origination Charges
4

Add Origination Charges

Enter processing or origination fees charged by the lender.

APR includes these costs for accurate comparison.

5

View Your APR

Get the annual percentage rate reflecting total loan cost.

Use APR to compare different loan offers easily.

About APR Calculator

The Annual Percentage Rate (APR) is the yearly rate of interest that one must pay on a loan or that they receive on a deposit account. The APR calculator does not include charges like stamp duty, prepayment charges, CERSAI charges etc. It aims to offer a complete picture of how much it costs to borrow money.

The online APR calculator tool calculates the percentage by using a formula, Annual Percentage Rate (APR) = (Periodic Interest Rate x 365 Days) x 100

Once you filled in all the necessary details, you will be provided the APR.

Understanding Home Loan EMI

A Home Loan EMI Calculator is a free online tool that instantly works out your monthly home loan EMI based on the loan amount, interest rate and tenure you enter.

A Home Loan EMI (Equated Monthly Instalment) is the fixed amount you repay to your lender every month, made up of both the principal and the interest on your home loan.

EMI calculation helps you plan your home purchase by showing exactly how much you will repay each month, so you can set a realistic budget and pick a loan amount and tenure you can comfortably afford.

How is EMI on Loan Calculated?

Formula for EMI Calculation is -
P × R × (1+R)N / [(1+R)N - 1]
P = Principal loan amount
N = Loan tenure in months
R= Annual Rate of interest/12/100
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For example, If a person avails a loan of ₹10,00,000 at an annual interest rate of 7.2% for a tenure of 120 months (10 years), then his EMI will be calculated as under:
EMI:
₹10,00,000 × 0.006 × (1 + 0.006)120 / ((1 + 0.006)120 - 1)
= ₹11,714

Frequently Asked Questions

Loans, eligibility, EMIs, documents, process, and support—explained simply.

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