Loan Details
$
$
mo
Results
Annual Interest Rate
12.50%
APR (Effective)
13.25%
Monthly Rate
1.042%
Total Interest
$3,500.00
Total Payment
$13,500.00
Loan Amount
$10,000.00
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Find the implied interest rate on a loan given the loan amount, monthly payment, and term. Useful for comparing loan offers.
Formulas verified against authoritative sources including the CFPB and Federal Reserve. Last reviewed . Editorial policy.
Annual Interest Rate
12.50%
APR (Effective)
13.25%
Monthly Rate
1.042%
Total Interest
$3,500.00
Total Payment
$13,500.00
Loan Amount
$10,000.00
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