APR Calculator

Annual Percentage Rate is the annualised cost of credit including the interest rate and loan origination charges (processing fee, valuation, CERSAI, etc.). It helps compare offers when fees differ.

It computes EMI on the full loan amount at the stated ROI, then finds the monthly IRR that equates the present value of those EMIs to the net amount disbursed (loan minus origination charges). APR is shown as monthly IRR × 12.

Include mandatory upfront charges at origination: processing fees, documentation, valuation, CERSAI and similar. Exclude stamp duty and contingent charges such as penal interest or late fees, as Axis Finance notes on its APR tool.

Because you repay EMI on the full sanctioned amount but receive less in hand after fees. The same cash outflows against a smaller net disbursement imply a higher effective rate.

This calculator also shows an effective APR compounded annually from the monthly IRR. Lenders often quote the nominal APR (monthly rate × 12). Use the same definition when comparing offers.

Indicative only. Actual APR in the Key Fact Statement depends on final charges, insurance if financed, and the lender’s exact methodology.

Add processing fee, GST on fee, and other upfront charges to see what you effectively borrow versus what you repay. This APR-style view spreads those costs over the tenure so the headline interest rate alone is not misleading.

Include GST in the charges field if your sanction letter shows it separately. The tool treats entered charges as part of the effective cost; it does not auto-fetch bank fee schedules.