Business Loan Calculator

Work out which loan to apply for with this business loan calculator

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If you're looking at starting a new business or financing operations or purchases in an existing one, chances are you might be trying to decide which business loan is right for you. Using a business loan calculator can help you compare the costs of two loans – interest and fees – and also show you what you'll be paying and when you'll be able to repay it. In short, it can help you make a decision.

Read on to find out how the calculator works and how you can use it.

How does the business loan calculator work?

The business loan calculator allows you to put in the details of two business loans so you can find out which loan you want to apply for. You can also just put in the details of one loan to see how much you will pay for it.

Once you've put in the details, the calculator will show you the repayments you need to make over time and the total repayments you need to make. If you're comparing two loans it will show you which one is the better option.

How do you use the business loan calculator?

To work out how much your business loan will cost you, simply adjust the following fields in the business loan calculator to represent your intended loan:

  • Loan term. How long you need to repay the loan. If the repayments are too high you can adjust this after your first calculation.
  • Loan amount. This is the amount you intend to borrow. If the monthly repayments are too much then you can reduce this amount on the commercial loan calculator to see how much you could save.
  • Bank name. Put in the name of two lenders you're considering borrowing from to easily distinguish them.
  • Fixed rate. The annual rate you're charged with the loan.
  • Fixed period. How long this fixed rate stays fixed for.
  • Ongoing rate. If your loan comes with a rate that comes into effect down the track (following an introductory period) this is where to enter it.
  • Upfront fees. Add the establishment fee (if one is charged) here.
  • Fees. If the loan comes with ongoing fees you'll need to add them here along with the frequency they're charged.
  • Discharge fee. If you're charged a discharge fee for exiting your loan early you'll need to add it here.

Capify Unsecured Business Loan Offer

Capify Unsecured Business Loan Offer

From

10.4 % p.a.

interest rate

From

10.4 % p.a.

comparison rate

  • Borrow up to $300,000
  • Fast application and turnaround
  • Flexible loan repayments
Security Logo

100% confidential application

Capify Unsecured Business Loan Offer

Apply for up to $300,000 from Capify, enjoy a simple application process and with same-day approval you can have your funds within 24 hours.

  • Loan Security: Unsecured
  • Interest rate type: Variable
  • Application fee: $0
  • Minimum loan amount: $5,000
  • Maximum loan amount: $300,000
  • Fast application and turnaround
Go to site
Promoted

Compare business loan rates below

Updated September 20th, 2019
Name Product Starting Interest Rate (p.a.) Starting comparison Rate (p.a) Max. Loan Amount Loan Term Upfront Fee
From 10.4 %
10.4%
$300,000
3 months to 1 year
3% origination fee
You will receive a comparison rate of between 10.4% p.a. and 29.9% p.a. based on your risk profile
An unsecured business loan up to $300,000 for eligible businesses. Businesses operating for a minimum of 6 months and having turnover of at least $10,000 a month can apply.
From 15 %
15.64%
$200,000
3 to 18 months
2.5% establishment fee
You will receive a comparison rate of between 15.64% p.a. and 52.14% p.a. based on your risk profile
Apply for up to $200,000 from Lumi and benefit from short loan terms, no early repayment fees and once approved receive your funds in just one business day.
From 8.3 %
15.64%
$500,000
6 months to 3 years
$0 application fee
You will receive a comparison rate between 15.64% p.a. and 52.14% p.a. based on your risk profile
A loan of up to $500,000 that can be approved and funded within 24 hours. Available to businesses with 6+ months operating history and $5,000+ monthly sales.
From 9.9 %
12%
$1,000,000
3 months to 5 years
$0 application fee
You will receive a comparison rate between 12% p.a. and 52.14% p.a. based on your lenders risk assessment
A Small Business Lending Specialist from Valiant Finance can give you access to competitive business loans from over 60 lenders. Loans between $5,000 and $1 million are available. Request a call – your loan can be funded in 1 business day.
From 24 %
24%
$300,000
1 month to 1 year
$0 application fee
You will receive a comparison rate between 24% p.a. and 40% p.a. based on your risk profile
An unsecured business loan from $2,000 that offers convenient pre-approval and no early repayment fees.

Compare up to 4 providers

The interest rates offered by each provider are indicative interest rates that have been supplied by each provider. These rates change often. Please ensure you confirm the actual interest rate with the relevant provider prior to applying for any loan.

How to use the business loan calculator to save you money

The business loan repayment calculator doesn't only show you how much your business loan will cost you; it can also show you how to reduce the amount you pay. Here are some ways to use the calculator to see if you can save money:

  • 1. Reduce repayments. While this doesn't save you money in the long run, by reducing your repayments you will be able to keep money in your business for longer. This can help cash flow and can save your business money, even if you end up paying more money on your loan.
  • 2. Reduce your loan term. By decreasing the amount of time you borrow the loan amount for, you may increase your repayments but you could save a considerable amount.
  • 3. Compare your loan options. The best way to save money on a loan is to compare your options and find the best deal. When you're comparing you should take into account the upfront and ongoing fees of the loan as well as the interest rate.
  • 4. Alter your repayments. If you have chosen a monthly repayment frequency, you may find that you can save money on interest by making repayments more frequently. If you find you need to adjust your repayments due to cash flow issues, you can use the commercial loan calculator to see what making interest-only repayments will cost you.

Capify Unsecured Business Loan Offer

Capify Unsecured Business Loan Offer

  • Borrow up to $300,000
  • Fast application and turnaround
  • Flexible loan repayments
Security Logo

100% confidential application

Capify Unsecured Business Loan Offer

Apply for up to $300,000 from Capify, enjoy a simple application process and with same-day approval you can have your funds within 24 hours.

  • Loan Security: Unsecured
  • Interest rate type: Variable
  • Application fee: $0
  • Minimum loan amount: $5,000
  • Maximum loan amount: $300,000
  • Fast application and turnaround
Go to site
Promoted

Business lenders you can compare

Updated September 20th, 2019
Name Product Min. Loan Amount Max. Loan Amount Loan Term Upfront Fee Apply Now
$5,000
$300,000
3 months to 1 year
3% origination fee
An unsecured business loan up to $300,000 for eligible businesses. Businesses operating for a minimum of 6 months and having turnover of at least $10,000 a month can apply.
$5,000
$200,000
3 to 18 months
2.5% establishment fee
Apply for up to $200,000 from Lumi and benefit from short loan terms, no early repayment fees and once approved receive your funds in just one business day.
$10,000
$250,000
6 months to 2 years
2.5% origination fee
Apply for up to $250,000 and receive your approved funds in one business day. Minimum annual turnover of $100,000 and 1 year of trading history required.
$5,000
$500,000
6 months to 3 years
$0 application fee
A loan of up to $500,000 that can be approved and funded within 24 hours. Available to businesses with 6+ months operating history and $5,000+ monthly sales.
$5,000
$300,000
3 months to 2 years
3% origination fee
A business loan available up to $300,000 that can be funded in 1 business day. Must have a turnover of $6,000+ per month and provide 6 months of trading history, 3 months history for existing business purchases.
$5,000
$1,000,000
3 months to 5 years
$0 application fee
A Small Business Lending Specialist from Valiant Finance can give you access to competitive business loans from over 60 lenders. Loans between $5,000 and $1 million are available. Request a call – your loan can be funded in 1 business day.
$10,000
$500,000
6 months to 2 years
$0 establishment fee
A flexible business loan up to $500,000 with convenient top up and redraw facilities. Business must have been operating for 9 months+ and have monthly sales of $10,000+. Note: The establishment fee will be waived if you apply and are approved before 15 October 2019.
$10,000
$100,000,000
Up to 25 years
0.75% application fee
Borrow from $10,000 with multiple repayment options including optional fixed rate periods.
$5,000
$500,000
6 months to 2 years
2% drawdown fee
A business loan up to $100,000 for unsecured loans, or $500,000 for secured loans that you can use for any business purpose. Transparent costs and redraw facility available.

Compare up to 4 providers

Valiance Finance Logo

Get access to a wide range of business finance options with Valiant Finance. Fill out this form to speak to an expert.

Valiant Finance works with a large panel of lenders that can help you find a loan for your business.

  • Access to 60+ lenders
  • Dedicated credit specialists
  • Various loan options available

Valiance Finance Lender Logos

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2 Responses

  1. Default Gravatar
    minkyoungFebruary 10, 2018

    I would like to get a loan about 80,000 for taking a business – allied health clinic including psychology, podiatry, and physio.

    I am planning to pay back in 2 years. please let me know how much would be the payable amount.

    Thanks

    • Avatarfinder Customer Care
      RenchFebruary 28, 2018Staff

      Hi Pia,

      Thanks for your inquiry.

      The business loans available in the market you can compare with are listed above this page. Once you’ve chosen a loan from list, you can click it to find out the details and the minimum criteria.
      If you think you meet the requirements, you can also click on the green “Go to Site” button to submit your loan application directly from their page.
      Other business loans you can also compare are found in this guide.
      I would suggest that you contact the lender to confirm your eligibility and options as well as discuss the calculation of your possible repayments

      Best regards,
      Rench

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