Interest Rate Calculator
Solve for interest rate from payment and term.
Result
Approximate APR
7.42%
Common questions
How do I find the interest rate on a loan?
Enter the loan amount, monthly payment, and term. The calculator solves for the annual interest rate that produces that payment schedule.
What is the difference between interest rate and APR?
The interest rate is the base cost of borrowing. APR includes the interest rate plus fees and other costs, giving a more complete picture of the loan's true annual cost.