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  • Search MoneyHub

Business Loan Calculator

Updated 1 October 2020

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
Loan Length
Interest Rate
Payments Per Year
Loan Payment
-

Loan Amount
-

Total Interest
-

Total Cost
-

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.

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.

MoneyHub's Top 3 Business Loans - Avoid high interest rates and high fees with our top three business trusted lenders.
  • Our research highlighted three leading business lenders that undercut the established competition with fairer interest rates and fees to qualifying business borrowers.
  • We suggest contacting Lending Crowd, Harmoney and Heartland Bank and  (in that order) to see what interest rate they will offer. Harmoney and Heartland Bank both offer unsecured loans, where as Lending Crowd only offers secured loans.
  • Applying takes only a few minutes for each site. There is no obligation to accept any loan offer. However, do 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 chances you have of finding the best deal.
  • Remember, its the interest rate you agree to now that makes a huge difference when you make to repay the loan week after week.
Lending Crowd
Harmoney
Heartland Bank

business loan calculator
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. 
  • 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.

Search MoneyHub.co.nz in seconds:

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How this website works
MoneyHub.co.nz was founded on the principles of honesty and transparency in reporting. For this reason, we believe in being completely upfront about how this website works, its strengths and its weaknesses.
​
MoneyHub.co.nz does not provide investment advice, financial services or any form of advisory. Our guides, resources and tools are presented without consideration of the financial circumstances of any specific user. 

Important: We may be compensated if you click on a link, but such links do not affect our findings. MoneyHub publishes guides based on facts and numbers, not incentives. Our advertising policy explains more.
  • We are a journalistic online resource with the aim of providing New Zealanders with the best money guides, tips and tools. 
  • We can't guarantee everything contained on this website will be perfect - you use the information contained on our website and all social channels at your own risk.​
  • The information on this website does not constitute financial advice in any form.
  • ​Our priority is accurate information. In rare instances, a provider will change a price or product before we've had a chance to update our information; double check prices first before making any decision. ​
  • We link to other websites throughout this website, but take no responsibility for the content they publish.
  • ​We cannot accept liability for any decision made based on our information.
  • We welcome your stories, tips and any feedback via [email protected]
Our values statement is simple: MoneyHub exists to give every New Zealander the information they need to make better financial decisions. 
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Please read our full Terms & Conditions, About MoneyHub, Advertising Policy, Contact Us, Cookies & Data FAQs, Make a Complaint, Privacy Policy and Media and Press Information. 
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