Finance Tools
Car Loan Interest Rate Calculator
Estimate the annual interest rate on a car loan based on the loan amount, term, and monthly payment.
Estimate the annual interest rate on a car loan using the loan amount, term, and monthly payment.
How to use this car loan interest rate calculator
- Enter the car loan amount (principal).
- Enter the monthly payment amount.
- Enter the loan term in years or months.
- Click Calculate to estimate the annual interest rate, total amount repaid, and total interest.
Example
For example, if you borrowed $22,000 for a car with a 5-year term and a $415 monthly payment, this calculator will show:
- The estimated annual interest rate on your car loan.
- The total amount you will repay over the full term.
- The total interest cost of the loan.
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