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Business Loan Calculator

Updated 13 November 2023
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​​To find out what you will pay monthly and in total, simply insert:
  1. The loan amount (the total amount of money you want to borrow)
  2. The loan length (how long you want to repay the loan)
  3. The likely interest rate​

Know this first: Our guide to business loans explains everything you need to know, and popular low-cost alternatives. 
Business Loan Calculator
Loan Amount
$
Term
Years
Interest Rate
%
Start Date
Calculate
464.84
Monthly Payment
Over 120 Payments
Total Interest
Pay-off Date
Loan Amortisation Schedule
Yearly Amortisation
Monthly Amortisation
Important: Our calculations are based on the assumption that you make the same fixed business loan repayment for the entire loan period, the interest rate does not increase or decrease, you don't miss any repayment deadlines, overpay or underpay.

Video guidance: MoneyHub Founder Christopher Walsh explains how our business loan calculator works, and why interest costs (in dollar terms) can be higher than you expect:
Business loan fees and interest rates
  • ​Be aware that advertised interest rates from lenders may vary from your actual rate due to your personal circumstances. 
  • Many banks charge loan approval fees (usually around 1% of the loan amount) which is added to the borrowing amount. 
  • The interest rate is dependent on the credit score of the borrower and any guarantors, the affordability or the loan  (i.e. your financial position) and the purpose of the loan (e.g. is it for working capital, growth or an asset purchase).
  • Because every business is different, the only way to find out the interest rate for your business is to approach lenders directly.

Our video guide to business loans has more details around the risks and true costs of a business loan:
MoneyHub's Top Three Business Loans - Avoid high-interest rates and high fees with our top three trusted business lenders.
  • Our research highlighted three leading business lenders that undercut the established competition with fairer interest rates and fees to qualifying business borrowers and a genuine willingness to lend.
  • We suggest contacting Prospa, Bizcap and Lending Crowd (in that order) to see what interest rate they will offer.
  • Applying takes only a few minutes for each site. There is no obligation to accept any loan offer. However, be aware that the advertised interest rate is not guaranteed, and your credit score may, in some cases, be affected if you routinely apply for loans.
  • The more you compare and enquire (without paying any application fee), the better your chances of finding the best deal.
  • Remember, the interest rate you agree to now makes a huge difference when you repay the loan week after week.
  • Advertising Disclosure: We may receive a commission if you take out a loan, but this does not influence our shortlist or comparisons. Interest rates vary based on each borrower, and assessment times vary.
Our Top Business Loans Providers:
Know this: Missing a payment on a business loan will have severe consequences for the going concern of your business. Lenders may request your business is put into administration. Any delayed payments may make borrowing in the future far more difficult as well. 

If you have security over your business loan, the security will be repossessed if you do not keep up with repayments. 

What is the maximum limit for a business loan?

It depends on the size of your business, but generally, unsecured loans can be as high as $75,000, and for small businesses, a $200,000 secured loan is not unusual. Different businesses attract different lending terms, so the only thing that matters is how much your business can borrow.​

Where can I get the best business loan deal and terms?

  • Our guide to business loans explains everything you need to know, and popular alternatives. We also review Prospa and Bizcap, both specialised business lenders.
  • Our guide to business credit cards outlines current offers available, and why business credit cards can be a low-cost alternative to applying for a business loan.
  • Having a good personal credit history is important - our guide to credit scores and reporting explains what you need to know.
Related guides: