Loan Interest Rate Solver Calculator
Infer a non-negative fixed nominal rate from a loan amount, term and equal monthly payments.
Your result
FINANCIALEnter your values and select calculate.
On this page How it works & practical examples
How to use the Loan Interest Rate Solver Calculator
Infer a non-negative fixed nominal rate from a loan amount, term and equal monthly payments. Payments occur at month ends.
The calculation
Worked example
$10,000 repaid as 60 monthly payments of $200 implies a nominal annual rate of about 7.4201%.
Assumptions and limits
No upfront fees, balloons, irregular dates or daily accrual. Payments below principal divided by term require a negative rate, which this solver intentionally excludes.
Common questions
Which inputs should I use?
Infer a non-negative fixed nominal rate from a loan amount, term and equal monthly payments. Payments occur at month ends.
What does the result exclude?
No upfront fees, balloons, irregular dates or daily accrual. Payments below principal divided by term require a negative rate, which this solver intentionally excludes.