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Business Loan Calculator

Updated 20 May 2025
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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:

Maximise Your Business Potential with MoneyHub's Top-Rated Lender Choice

If you're looking for a business loan, choosing a lender that offers competitive rates, fair terms and wants to lend is essential. In our search for such lenders, one name that stands out is Prospa.

Prospa: A Practical Choice for Business Borrowers
Our business loan research indicates that Prospa often offers lower interest rates and fees than many traditional lenders, helping businesses manage costs effectively. We have seen it become popular with many MoneyHub users who are business owners.

Straightforward Application Process
Applying with Prospa is simple and takes just a few minutes. There's no commitment required when you apply, so you're free to consider your options without any pressure.

Why Comparing Rates Matters
We always suggest business owners compare different loan offers. Applying with Prospa is free, and by comparing, you increase your chances of finding a loan that suits your business's needs and budget.

Long-Term Impact of Your Interest Rate
The interest rate on your loan will influence your repayments over time. Considering how this will affect your business finances in the long run is important.

Our Advertising Transparency
MoneyHub may receive a referral commission, but this does not influence our recommendations. Our priority is to provide reliable and unbiased information. Interest rates and assessment times can vary based on your circumstances.

Get Started
Visit Prospa to explore their offerings and see if they meet your business lending needs. Remember, making an informed choice will almost always make a big difference to your business's financial future.
Christopher Walsh
MoneyHub Founder
Our Top Business Loans Provider:
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 lenders charge loan approval fees (usually around 1% to 3% 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:
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.
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