Business Line of Credit Calculator

When you update the calculator, your line of credit repayments and amortisation schedule (list of all periodic payments) will appear.

Amortisation Schedule Monthly

Month Payment Interest Principal Balance
$0.00 $0.00 $0.00 $0.00 $0.00
Year Total Repayment Total Interest Total Principal Total Balance
$0.00 $0.00 $0.00 $0.00 $0.00

How to use our business line of credit calculator 

Here’s how to use our business line of credit loan calculator in four easy steps:

1. Enter your loan amount. This is the amount you want to draw from your line of credit.

2. Enter your interest rate. The rate is based only on the amount borrowed, not the entire loan amount.

3. Choose your loan term (in months). Business line of credit terms can range between 1-36 months. If you’re unsure about your interest rate or term, use the calculator’s default settings to understand your potential repayments.

4. Click ‘see my repayment schedule’. Get the breakdown costs of your business line of credit, including: 

- Your monthly repayments & yearly repayments (if applicable) 
- Your interest payable each month & year (if applicable)
- Your principal (what you borrowed)
- Your outstanding balance   

FAQs about business line of credit repayments

Are repayments on a business line of credit always monthly?

Repayments on a business line of credit are usually automatically debited weekly or monthly from your attached bank account. This will depend on your lender.

How is interest charged on a business line of credit?

With a business line of credit, you only pay interest on the amount drawn. This differs from traditional small business loans when you pay interest on the whole loan amount. To compare a line of credit to a traditional business loan – use this business loan calculator.

What are interest rates on a business line of credit?

Interest rates on a business line of credit can range from 10-15% p.a., depending on whether it’s secured or unsecured and your lender. Use our business line of credit loan calculator to calculate your loan repayments and interest over the term.

Is a business line of credit secured or unsecured?

A business line of credit can be secured or unsecured. A secured line of credit is when you provide an asset (e.g. property) as collateral to secure against the funds you borrow. An unsecured line of credit is more commonly used as it doesn’t require any collateral. You can use our unsecured line of credit calculator to calculate how much your monthly repayments will be on your drawn amount.

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