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APR Calculator (ÅOP)

Calculate the effective annual percentage rate of charge (ÅOP) for a loan. Compare the true cost of different loan offers.

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🇩🇰 All calculations are based on Danish rules, rates, and currency (DKK). This calculator is translated for convenience but applies exclusively to Denmark.

APR Calculator (ÅOP) for Denmark

ÅOP (Årlige Omkostninger i Procent) represents the true annual cost of a loan including all fees, charges and interest. Unlike the nominal interest rate, ÅOP gives you a single number that captures the full cost of borrowing, making it the best way to compare loan offers.

Why ÅOP Matters More Than Nominal Interest

A loan with a low nominal rate may still be expensive if it includes high fees. Danish law requires all lenders to clearly state the ÅOP, making it easier for consumers to compare offers on equal terms.

How to Use This Calculator

Enter the loan amount, total repayment including all fees, and the loan term. The calculator determines the effective annual rate. This is a simplified approximation for comparison purposes.

Frequently Asked Questions

How do you calculate ÅOP?

ÅOP = (Total costs / Loan amount) x 100. The 'total costs' include not only interest but also any fees, commissions or other charges associated with the loan.

What should ÅOP be?

A high ÅOP means a more expensive loan, while a low ÅOP indicates a cheaper loan. Since July 2020, new regulations cap ÅOP at a maximum of 35%.

Is ÅOP before or after tax?

Banks state ÅOP before tax.

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