How to Calculate an Interest Rate

by Matt McKillen ; Updated September 27, 2017

An interest rate is generally a percentage of the amount of a loan that a person is borrowing. Use an amortization schedule to calculate interest rates with help from a financial specialist in this free video on interest rates and loans.

About the Author

Matthew McKillen has more than 21 years of industry experience in arranging loans for his clients. He has worked in financial services and senior management positions in mortgage banking companies and in all facets of mortgage brokering.