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Try this link--http://www.efunda.com/formulae/finance/apr_calculator.cfm It will allow you to put in your figures and see if it comes close to the APR on your paperwork. You can also call the Dept of Finance in your state and talk to someone there if you feel that you have been over-charged. They may ask you to fax your loan papers to look them over.

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Q: Trying to find out if the apr on my loan is correct?
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Related questions

How much is the apr loan listed?

The APR loan rate or annual percentage rate of any loan differs from one financial institution to another. To find a specific APR rate one would need to contact their local bank or financial institution.


Where can someone find information about an auto loan with 0 intro Apr?

One can find information about an auto loan with zero introduction APR on the 'Cars Direct' website. They have information as well as lists of advantages and disadvantages.


What formula determines the interest amount on a loan?

To find the APR which is the true rate of interest charged for a loan, use the following formulawhere APR is the annual percentage rate,i is interest (finance) charge on the loan,P is principal or amount borrowed, andn is number of months of the loan. APR = 72i__________________3P(n + 1) + i(n - 1)


How do you calcutate an APR?

APR is calculated by multiplying the amount of the loan by the interest rate. Next divide by the length of time of the loan to get the monthly APR amount.Ê


How is the APR calculated?

I tried to put it in words� it be easier and make more sense for you to go online and look at the formula yourself. There are plenty of APR calculators online if you need a quick fix. To find the monthly payment for an APR loan, use an online Loan Calculator.


What bank can give me the lowest apr loan available?

There are many places that offer low apr loans. However, you may have to sift through to find the best loan that suits your needs. They are very easy to locate.


Where can I find an APR calculator?

Annual Percentage Rate calculators can be found online at http://www.money-zine.com/Calculators/Loan-Calculators/Loan-APR-Calculator/. You could also try going to your local bank branch.


Where could a person compare the APR on a car loan?

There are many places where one can compare the APR on a car loan. Most loan companies have an area of their website that will allow you to compare the APR offered against other companies.


How APR impacts choice of loans?

APR affects the value of loan repayments because it's a percentage of the total loan repaid on an annual basis. A low APR makes repayments cheaper than a high APR.


How can one UK resident compare loan options from different sources?

The APR or Annual Percentage Rate is the tool to use to compare the cost of paying back a loan. The lower the APR, the cheaper the cost of the loan. All UK loan products will show the APR for any loan you are interested in taking out.


What is the APR for a bad credit loan?

If a customer's credit is really bad, then they may not be able to get a loan. If a customer's credit rating is poor, they may be able to get a loan at an APR of 12% - 15%.


What is the relationship of an APR for an add-on rate for a one-payment loan compared to an add-on for a monthly installment loan?

What is the apr for 17% add on for two years