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Loan APR Calculator
Result
Chart
Show formula & working
Net amount received = Σ EMI ÷ (1 + i)t, solved for the monthly rate i
APR = i × 12
Net amount = loan − fees − GST − charges paid at the start (and insurance, if paid upfront). If insurance is added to the loan, the EMI is worked out on loan + premium.Details
GST on loan processing and similar fees: rates and rules as of 28-Oct-2026 · Source: GST rate schedule for services, heading 9971 (CGST 9% + SGST 9%); CBIC Circular 218/12/2024-GST on processing fees. Every figure based on it stays editable.
How this works
Two loans at the same headline rate can cost very different amounts once fees and add-ons are counted. APR folds them all into one comparable rate.
It is the rate at which the EMIs you pay are worth exactly the money you actually received on day one.
Frequently asked questions
Why is APR higher than the interest rate?
Fees and charges reduce what you receive while the EMIs stay the same, so the effective cost rises.
Where do I find the charges?
Lenders list them in the sanction letter and the Key Facts Statement. Include every amount you pay or that is deducted from the disbursement.
Talk to Rytvae
Compare lenders, structure the loan and plan prepayments with someone who reads sanction letters for a living.