Loan overpay
Fixed-rate amortisation. See what an extra monthly payment saves in time and interest.
Open a calculatorEffective APR
EAR = (1 + nominal / n)^n − 1. Monthly compounding on 12% is a bit over 12.68%. Daily bank ads sometimes hide this gap.
Nominal annual rate from the quote — before compounding frequency is applied.
Nominal annual rate from the quote — before compounding frequency is applied.%
How many times interest compounds per year — 12 for monthly, 365 for daily.
How many times interest compounds per year — 12 for monthly, 365 for daily.Effective yearly rate
12.68%
Effective yearly rate: 12.68%
Credit-card APR is usually already the effective figure. A savings account quote might not be.
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An educational estimate. Not medical, tax or credit advice.