Effective Interest Rate Calculator

Created by : http://www.bebas-hutang.com
Note : Edit box in yellow color only

For "Daily, Weekly, Monthly" Compound Interest Rate

100000 Loan Amount
360 Number of payments in loan agreement (eg: monthly installments for 30 years = 360)
12 Number of compounding period in a year (eg: daily rest = 365, monthly rest = 12)
6.00% Nominal Annual Interest Rate
0.50% Nominal Periodic Interest Rate
$599.55 Value of Each Payment

0.50% Periodic Interest Rate

6.0% Annual Percentage Rate (APR)
6.17% Effective Annual Interest Rate (EIR)

For "Flat" Interest Rate (Personal Loan, Hire Purchase)

10000 Loan Amount
60 Number of payments in loan agreement (eg: monthly for 5 years = 60)
5 Number of year in loan agreement
12 Number of payment periods in a year (eg: monthly installments = 12)
8.00% Nominal Annual Interest Rate
$233.33 Value of Each Payment

1.18% Periodic Interest Rate

14.1% Annual Percentage Rate (APR)
15.08% Effective Annual Interest Rate (EIR)
or 30 years = 360)
thly rest = 12)