Advanced APR (RRSO) Calculator
Calculate the real Annual Percentage Rate of your credit. Support for global standards.
Understanding APR vs RRSO
The Annual Percentage Rate (APR) or RRSO is the most important number when comparing loan offers. While the nominal interest rate only covers the cost of borrowing money, the APR includes all extra costs like bank commissions, mandatory insurance, and recurring maintenance fees.
🇪🇺 EU Standard (RRSO)
Regulated by the EU Consumer Credit Directive, RRSO represents the total cost of credit as an annual percentage. It uses the Internal Rate of Return (IRR) mathematical method, accounting for the time value of money.
🇺🇸 US Standard (APR)
The Truth in Lending Act (TILA) defines APR as the yearly cost of funds, including fees. It is generally calculated as the periodic rate multiplied by the number of periods in a year.
Financial Glossary
The cost of your credit as a yearly rate. It includes interest and other fees associated with the loan.
Rzeczywista Roczna Stopa Oprocentowania. It accounts for the time value of money much more strictly than US APR.
A period during which the borrower only pays interest, and the principal repayment is delayed.
A larger-than-usual one-time payment at the end of the loan term.