.9 APR Auto Loan will help you get the Annual percentage rate for your Automotive / Car loan. Most of the countries have made it legal to tell the APR rate. Most of the loan lenders offer flexible rate of interest which changes every month. This attracts majority of the customers and htey do not realise that the Annual percentage rate what they pay is generally higher.
.9 APR Auto Loan Calculator
.9 APR auto loan calculator will help you get a single rate percentage by which your loan lender is charging you. Sometimes, you get a deal with rate percentage on per month / quarter / half year basis. Then for your own analysis you try to get a figure to understand how much a particular borrowed amount is costing you. This tool will be very helpful that time.
Formula for calculating APR
APR= { { ( Fees+Interest) / Principal} / n }×365) × 100
where,
- Interest=Total interest paid over life of the loan
- Principal=Loan amount
- n=Number of days in loan term
Before you proceed, you should get the details of total interest for your loan. Once you have the details, you can get to know the APR.
Steps to Use
- Enter the Values of :
- Fees
- Interest
- Loan Principal Amount
- Duration of Loan
- After entering the data, click anywhere on the page.
- APR Data will be shown in the dedicated area of the form.
- Analyse your loan and enjoy.
Here is the free .9 APR online tool for your usage and analysis:
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