Business loan repayment calculator
Estimate your repayment, total interest and total cost. Results are illustrative only.
Monthly repayment
$3,321
- Total interest
- $19,572
- Total cost
- $119,572
- Number of repayments
- 36
- Cost per $1 borrowed
- $1.20
Illustrative only. Assumes a fixed rate and equal repayments over the term, with no balloon or interest-only period. Daily repayments assume 260 business days a year. Your lender's contract sets your actual repayments.
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How are business loan repayments calculated?
This calculator uses a standard amortising formula: each repayment covers the interest for that period plus some of the principal, so the loan is fully repaid by the end of the term.
Why might my actual repayments differ?
Lenders may use factor rates, fixed fees, different day counts, balloon payments or interest-only periods. Your contract sets the actual repayment.
Do daily repayments mean business days?
Most daily repayment business loans debit on business days. This calculator assumes 260 business days a year for daily repayments.
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