Business Loan Repayment Calculator

Use our business loan repayment calculator to estimate the repayments on your small business loan & rates

Amortisation Schedule

Year Remaining Balance Monthly Repayment Interest Paid Ending Balance
$0.00 $0.00 $0.00 $0.00 $0.00

How to use our business loan repayment calculator 

Here’s how to use our business loan repayment calculator in four easy steps: 

1. Enter your loan amount. This is the amount you want to borrow from the lender (excluding any deposit). 

2. Enter your interest rate.
This is the fixed rate of interest the lender will apply to your business loan. It’s calculated as a percentage of the principal — what you’re loaned. 

3. Choose your loan term. This is the duration of your loan. Business loan terms can range from 1-10 years. 

4. Click ‘See My Repayments’. Get the breakdown costs of your business loan, including:

- Your monthly repayments
- Your yearly interest payable 
- Your outstanding balance (what’s left to repay each year)

Please note: Our calculator does not include upfront or ongoing fees charged in addition to interest. 

FAQs about business loan repayments

No, not all business loans have monthly payments. In fact, most working capital lenders have weekly repayment schedules. Other lenders may have fortnightly repayment plans. It will vary depending on your business needs and specific lender.

Small business loan interest rates range from 10-25% p.a. Rates are primarily based on risk. The lower the risk for the lender, the lower your rate as a borrower. That’s why secured business loans where an asset — usually property — is used as collateral are cheaper. Unsecured loans will cost more because of the added risk to the lender.

Interest is usually calculated as an annual percentage of your loan amount. In that case, the rate can easily be calculated by multiplying the loan amount by the rate (expressed as a decimal) by the term (expressed in years). 

For example, 15% would be 0.15 as a decimal, and a three-year term would be just 3. Here’s the simple calculation: $30,000 x 0.15 x 3 = $13,500 in interest over the life of the loan, which is $4,500 per year.

Short-term loans like unsecured business loans can range between 1-3 years. Longer-term loans like secured loans and equipment loans can have finance terms of 5-10 years.

Yes, most lenders will allow you to pay off your loan early without penalty. This can save you money on accruing interest. However, some lenders will charge you break costs, which could undo any savings on the loan.

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