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Calculators & Ledger

 

Interest Rate Calculator

 
 
 

Estimate and compare private loan interest rates that are based on either the 3-month LIBOR or Prime Rate index.

 

Directions: To calculate a variable interest rate, enter the spread in the box below that corresponds to the index used for the loan, then click “Calculate.” For example, if the loan’s interest rate is 3-month LIBOR + 2.45%, enter 2.45 in the box next to 3-month LIBOR. If the interest rate is Prime – 1.0%, enter the negative number -1.0 in the box next to Prime Rate.

 

Interest Rate Calculator
Effective 10/1/2008 - 12/30/2008
Enter Your
Spread

  Calculated
Interest Rate
3-month LIBOR*:   2.811% +
Prime Rate*:   5.000% +
 

 

Note: If you already have a loan, review your loan agreement and check with your servicer to determine your actual interest rate on that loan. Access Group private loan interest rates vary quarterly and are based on the 3-month LIBOR, plus a fixed spread.

*This calculator uses the 3-month LIBOR rate and Prime Rate that were in effect on the last business day of the second month of the previous calendar quarter as reported in The Wall Street Journal. Note that interest rate indexes fluctuate, and today’s 3-month LIBOR and Prime Rates may have changed. Lenders may update the rates used for their loans more or less frequently than quarterly. Other lenders may offer you interest rate indexes that are not listed on this page. Find out more about interest rates indexes.

 
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