Rated Excellent on Trustpilot - Accounting Wise

APR Calculator

Find the True Cost of Borrowing with Our APR Calculator

Discover how much your borrowing will truly cost with our APR Calculator. Whether you’re considering a loan, credit card, or financing option, our tool helps you understand the Annual Percentage Rate (APR) and its impact on your repayments.

Make informed financial decisions with ease and transparency

Build Your Own Package Accounting Packages One Off Pricing
APR Calculator Hero Image

APR calculator

This calculator assumes that interest is compounded monthly.

The nominal rate of interest applied.

Note: These calculations are only for illustrative purposes and are not a substitute for professional advice.

Need assistance? Connect with our Accounting Experts today!

Request Call Back

What is APR?

Annual Percentage Rate (APR) is a standardised way to measure the cost of borrowing money. It represents the yearly cost of a loan or credit, expressed as a percentage, and includes not just the interest rate but also any additional fees or charges. By factoring in these extras, APR gives you a clearer picture of how much you’ll actually pay for borrowing over the course of a year. This transparency makes it easier to compare financial products like loans, credit cards, and mortgages.

What is APR?
Why is APR important?

Why is APR important?

Understanding APR helps you make informed financial decisions by allowing you to evaluate the true cost of borrowing across different lenders. For example, a loan with a lower interest rate but higher fees could end up costing more overall than a loan with a slightly higher interest rate and no fees. Knowing the APR ensures you aren’t misled by promotional rates or hidden costs, empowering you to choose the option that best fits your needs and budget.

Get started with the right online accounting service for your UK small business

Build Your Own Package Accounting Packages One Off Pricing
Newsletter Subscription - Accounting Wise

Join Our Newsletter!

Get expert accounting tips, tax updates, and business insights straight to your inbox. Sign up today and stay one step ahead!

Newsletter Signup

Hot Topics

More related Accounting Community, News & Resources

Accounting Wise - How to Claim Employment Allowance_ A Step-by-Step Guide

How to Claim Employment Allowance: A Step-by-Step Guide

If you run a small business or charity, claiming Employment Allowance can significantly lower your employment costs. Here’s everything you need to know to claim it successfully.
Accounting Wise - key UK accounting dates November 25

Key Accounting Dates November 2025

Staying on top of your accounting and tax deadlines is essential for keeping your business compliant and avoiding unnecessary HMRC penalties. November may not be the busiest month of the financial year, but there are still several key dates that every UK business owner, freelancer, and employer should have on their calendar.
Accounting Wise - Virtual Accountant vs. Traditional Accountancy

The Benefits of Having a Virtual Accountant vs. Traditional Accountancy Services

As more UK businesses embrace digital operations, the way they handle their finances is evolving too. Traditional accountancy - with face-to-face meetings, piles of paperwork, and fixed office hours - is rapidly being replaced by virtual accountants offering a flexible, digital-first approach.
Formations Wise - Online Company Formation Services

Online Company Formation Services

Free company formation with our Pre-Built or Bespoke Accounting packages!

All official documents provided

Online Hub to manage your company

London Registered office Address

Your own incorporated limited company

Company Formation
Rated Excellent on Trust Pilot - Accounting Wise Logo

Get started with the right accounting solution for your business

Build Your Own Package Accounting Packages One Off Pricing

Contact Us

Interested in Accounting Wise?

Request Call Back 0330 113 8442

Accounting Wise is a trading style of Accounting Wise Ltd, a limited company registered in England under company number 09365202. Our registered office is: The Carriages, Station Road, Ware, SG12 9PL UK.

Content is for general information only. Always take advice.