Business Loan Repayment
Calculator
Use our business loan repayment calculator to estimate the repayments on your small business loan & rates
- 100% free
- No Credit Score Impact
- Results in seconds
Business LoanCalculator
Select loan terms
$
%
years
Loan Summary
Principal
Interest
- Total Interest
- $11,982.41
- Total Payment
- $111,982.39
- Monthly Payment
- $3,110.62
| # | Payment ($) | Interest ($) | Principal ($) | Balance ($) |
|---|---|---|---|---|
| 1 | 3,110.62 | 625.00 | 2,485.62 | 97,514.38 |
| 2 | 3,110.62 | 609.46 | 2,501.16 | 95,013.22 |
| 3 | 3,110.62 | 593.83 | 2,516.79 | 92,496.43 |
| 4 | 3,110.62 | 578.10 | 2,532.52 | 89,963.91 |
| 5 | 3,110.62 | 562.27 | 2,548.35 | 87,415.56 |
| 6 | 3,110.62 | 546.35 | 2,564.27 | 84,851.29 |
| 7 | 3,110.62 | 530.32 | 2,580.30 | 82,270.99 |
| 8 | 3,110.62 | 514.19 | 2,596.43 | 79,674.56 |
| 9 | 3,110.62 | 497.97 | 2,612.65 | 77,061.91 |
| 10 | 3,110.62 | 481.64 | 2,628.98 | 74,432.93 |
| 11 | 3,110.62 | 465.21 | 2,645.41 | 71,787.52 |
| 12 | 3,110.62 | 448.67 | 2,661.95 | 69,125.57 |
| Year | Total Payments ($) | Total Interest ($) | Total Principal ($) | Remaining Balance ($) |
|---|---|---|---|---|
| 1 | 37,327.46 | 6,453.01 | 30,874.45 | 69,125.57 |
| 2 | 37,327.46 | 4,056.17 | 33,271.29 | 35,854.30 |
| 3 | 37,327.46 | 1,473.23 | 35,854.23 | 0.09 |
Looking To Compare Loans?
Find out what rate your business qualifies for in minutes — 100% free and with no impact on your credit score.
This process will not affect your credit rating in any way.
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
The amount you want to borrow from the lender, excluding any deposit.
Note: Our calculator does not include upfront or ongoing fees charged in addition to interest.
2
Add your interest rate
The fixed annual rate the lender applies, as a percentage of the principal.
3
Choose your term
Business loan terms typically run from 1 to 10 years.
4
See Repayments
Simply click monthly or yearly repayments drop-down to view your repayments and principal/interest split.
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.
