APR Calculator

APR Calculator

This Application follows a “typical” unprotected quote you would expect to get from a motor dealer on a Hire Purchase or Car Loan.
It is intended to be used as a guide to calculate an APR.

It is not a designed as formal quotation and the actual numbers may vary by a few pence.
It assumes a “Spread Documentation Fee” across the loan agreement, with a final acceptance fee
being added to the last payment

You can adjust the:

  • Loan Amount.
  • Flat Interest Rate
  • Term of Agreement (Months).
  • Credit Facility/ Completion Fee (if any are applicable).

The resultant calculation provides Equivalent APR%, Interest Chargeable, Total Amount Payable & Monthly Payment.