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# How do you calculate the dollar cost of a loan When the loan is 14500 for 20 days with an annual rate of 12?

# How are home loan rates calculated?

Home loan rates are calculated based on the buyers financial history, fiscal responsibility, and past home buying experiences. Martial status and age may also be factored in.

# What is a reverse auto loan calculator?

A reverse auto loan allows you to enter monthly amount you want to spend, anticipated interest rate and trade-in value of your existing car, in order to calculate how much you… can afford on a new vehicle.

# What is the average Annual Percentage Rate on home improvement loans?

The average annual percentage rate or interest rate on home improvement loans is around 3.99% to 9.49%. Honestly it really depends on your credit profile.

# What is the simple interest on a 14500 loan at 9 percent interest for 5 years?

The interest is 5 X 0.09 X 14500 = 6525.

# What is a car loan payment calculation?

The easy-to-use auto loan calculator helps car buyers plan monthly car loan payments. Calculate car financing and car payments in advance to make a smart decision on how much …you might owe each month.

# How do you calculate the maturity date of a 90-day loan?

Omit date of issuance then count up to 90 days in the future Sample: Issuance July 1 July 31-1=30 Aug 31 Sept 30 30+31+30= 91 days till Sept 30, but we need only 90 days so s…ubtract one day = September 29

# What is car loan calculator?

A car loan calculator is a tool used to figure out how much your monthly car payment will be, based upon the cost of the vehicle, the number of years you'll be making the paym…ents, the interest rate and the down payment. It is a very useful way to see how much you can afford to spend on a car, particularly before you go looking at vehicles.

# How do you calculate Interest rate if loan amount and monthly payments and loan amount is given?

17k 300 per month

# How do you calculate a 12 month average balance on a loan?

The answer depends on when interest is calculated, how frequently payments are made, the interest rate being charged and the life time of the loan. There are a number of… "interest calculators" available on the Internet that can probably show you the answer - working out the answer from scratch means you'll need to add on the interest for each payment / interest cycle over the 12 months and then you can work out the average. If your using this to calculate your interest then an accurate calculation will depened on how your interest is calculated ie. daily monthly semi-annual, or annual. The simplist answer is take the balance of the loan at the end of each month, add them together and then divide by 12

# What does the term annual percentage rate mean for a loan?

\n.
\n APR \n.
\nAnnual percentage rate, commonly referred to as APR, is what creditors charge consumers in order to allow them to make installment payments on rather la…rge purchases, such as cars and homes. Loan types, credit score, report, and history, can all have effects on what APR you can get for a loan.\n.
\n APR is NOT the interest rate! \n.
\nThe annual percentage rate (APR) is an interest rate that is different from the note rate. It is commonly used to compare loan programs from different lenders. The Federal Truth in Lending law requires mortgage companies to disclose the APR when they advertise a rate. Typically the APR is found next to the note rate.\n.
\nAPR does NOT affect your monthly payments. Your monthly payments are a function of the interest rate and the length of the loan.\n.
\nAPR is a very confusing number! Even mortgage bankers and brokers admit it is confusing. The APR is designed to measure the "true cost of a loan." It is supposed to create a level playing field for lender by preventing them from advertising a low rate by hiding fees.\n.
\nUnfortunately, different lenders calculate APRs differently! So a loan with a lower APR does not necessarily translate to a better rate. \n.
\nThe following fees ARE generally included in the APR:\n.
\n* Points - both discount points and origination points\n* Pre-paid interest. The interest paid from the date the loan closes to the end of the month. Most mortgage companies assume 15 days of interest in their calculations. However, companies may use any number between 1 and 30!\n* Loan-processing fee\n* Underwriting fee\n* Document-preparation fee\n* Private mortgage-insurance\n.
\nThe following fees are SOMETIMES included in the APR:\n.
\n* Loan-application fee\n* Credit life insurance (insurance that pays off the mortgage in the event of a borrowers death)\n.
\nThe following fees are normally NOT included in the APR:\n.
\n* Title or abstract fee\n* Escrow fee\n* Attorney fee\n* Notary fee\n* Document preparation (charged by the closing agent)\n* Home-inspection fees\n* Recording fee\n* Transfer taxes\n* Credit report\n* Appraisal fee\n.
\nCalculating APR on adjustable and balloon loans is even more complex because future rates are unknown. The result is even more confusion about how lenders calculate APR.\n.
\nDo not attempt to compare a 30-year loan with a 15-year loan using their respective APRs. A 15-year loan may have a lower interest rate, but could have a higher APR, since the loan fees are amortized over a shorter period of time.\n.
\nFinally, many lenders do not even know what they include in their APR because they compute it using a software program. It is quite possible that the same lender with the same fees using two different software programs may arrive at two different APR values!\n.
\nYup - clear as mud.

# How do I calculate the interest rate I am being charged on my mortgage loan?

Answer Loan Amount : Rs. 100000/- Loan Taken On 15.05.2006 EMI Amount : 3762/- Per Month Loan Period " : 37 Months Please find the rate of interest

# Is the annual percentage rate usually lower than the actual interest rate on the loan?

Annual percentage vs effective rate The actual interest rate on a mortgage will always be higher than the annual percentage rate unless the borrower keeps the lo…an for the full term. Refinancing or selling before the end of the term results in a much higher actual (effective) interest rate. The effective rate on a mortgage can be lower than the annual percentage rate (fixed rate) by paying extra to principal especially early in the mortgage term.

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# Which type of loan typically has the highest annual percentage rate?

payday loan

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# What is a home loans calculator?

A home loans calculator is an online tool designed by mortgage lenders to help you calculate your monthly installment. It will enable you to work out how much you can borr…ow, what term of years is right for you, how much your monthly repayments will be and the total amount you will pay if you keep the loan going through to its maturity date. It will allow you to compare lenders to get the best deal also.

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# What is a personal loan calculator used for?

Personal Loan calculator is used for calculating the monthly installments one has to pay after taking the Loan. It gives you clarity on the principal amount, interest rate… and tenor. These installments are paid in the form of easy EMI i.e. Easy Monthly installments. Many Banks such SBI, PNB or IDBI and NBFCs like Bajaj Finserv / Tata Capital offers online calculator on their website.

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# What is the annual rate for a loan from First Niagara Bank?

The annual rate is different for each type of loan that you could need. Rates start as low as 2.916% and peak at around 6.240% for equity and mortgage loans. For personal loan…s you can chose between a variable and fixed rate.

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# Where can one find a calculator for vehicle loan rates?

One can find calculator for vehicle loan rates from Sainsbury loan, Tesco bank, Clydesdale bank loans, Bankrate, Capital One, M & S Bank,Derbyshire Building Society and Cars w…ebsites.