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.

Prospa Business Loan Offer

Prospa Business Loan Offer

From

9.9 % p.a.

interest rate

From

11.75 % p.a.

comparison rate

  • Same day funding
  • Flexible repayments
  • Unsecured and secured options
Security Logo

100% confidential application

Prospa Business Loan Offer

Get access to a small business loan from $5,000 - $300,000 with a limited time 6 week repayment pause and the chance to win $6,000 if your loan is settled before 31 December 2019. T&Cs apply, click "go to site" to view on Prospa site.

  • Loan Security: No asset security required to access funds up to $100,000
  • Interest rate: from 9.9% p.a. to 26.5% p.a.
  • Comparison rate: from 11.75% p.a. to 33.5% p.a.
  • Establishment fee: 3% origination fee
  • Minimum Turnover: $6,000 per month
  • 6 months trading history as a new business
  • 3 months trading if purchasing an existing business
Go to site
Promoted

Compare business loan rates below

Updated November 13th, 2019
Name Product Starting Interest Rate (p.a.) Starting comparison Rate (p.a) Max. Loan Amount Loan Term Upfront Fee
From 9.9 %
11.75%
$300,000
3 months to 2 years
3% origination fee
You will receive a comparison rate of between 11.75% p.a. and 33.5% p.a. based on your risk profile
Eligible businesses can qualify for a loan of up to $100,000 or up to $300,000 with asset security. Eligibility for loans over $150,000 will be determined based on a variety of factors regarding your business. Note: New loans settled by 31 December 2019 offer a 6 week repayment pause to use when they choose plus the chance to win $6,000. T&Cs apply, click "go to site" to view on Prospa site.
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. Note: Get the chance to win $2,020 in a prize draw if you submit your application between 1 November 2019 and 30 January 2020.
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.

Prospa Business Loan Offer

Prospa Business Loan Offer

  • Same day funding
  • Flexible repayments
  • Unsecured and secured options
Security Logo

100% confidential application

Prospa Business Loan Offer

Get access to a small business loan from $5,000 - $300,000 with a limited time 6 week repayment pause and the chance to win $6,000 if your loan is settled before 31 December 2019. T&Cs apply, click "go to site" to view on Prospa site.

  • Loan Security: No asset security required to access funds up to $100,000
  • Interest rate: from 9.9% p.a. to 26.5% p.a.
  • Comparison rate: from 11.75% p.a. to 33.5% p.a.
  • Establishment fee: 3% origination fee
  • Minimum Turnover: $6,000 per month
  • 6 months trading history as a new business
  • 3 months trading if purchasing an existing business
Go to site
Promoted

Business lenders you can compare

Updated November 13th, 2019
Name Product Min. Loan Amount Max. Loan Amount Loan Term Upfront Fee Apply Now
$5,000
$300,000
3 months to 2 years
3% origination fee
Small business loans are available from $5,000 - $300,000 on terms of up to 2 years.
Note: New loans settled by 31 December 2019 offer a 6 week repayment pause to use when they choose plus the chance to win $6,000. T&Cs apply, click "go to site" to view on Prospa site.
$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.
$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
$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.
$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.
$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 30 November 2019.
$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. Note: Get the chance to win $2,020 in a prize draw if you submit your application between 1 November 2019 and 30 January 2020.
$5,000
$1,000,000
3 months to 5 years
$0 application fee
A Business Lending Specialist from Valiant Finance can give you access to competitive business loans from over 70 lenders. Loans between $5,000 and $1 million are available. Request a call – your loan can be funded in 1 business day.
$2,000
$300,000
1 month to 1 year
$0 application fee
An unsecured business loan from $2,000 that offers convenient pre-approval and no early repayment fees.

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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