Business loan calculator
Our business loan calculator makes it easy to compare two different business loans, so you can work out which one is cheaper.
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. If the monthly repayments are too much, 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. Add any ongoing fees 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.
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.
How much will a bank loan you for a business?
Business term loans in Australia typically range from around $5,000 up to $2m. The amount your business qualifies for will depend on your revenue and expenses, how long you've been in business, and your credit history, among other things.
Did you know?
Business is booming when it comes to loans in Australia. RBA stats shows that credit growth reached 8.9% in December 2024 – the highest rate since May 2023, and an increase from 8.6% in November.
Business lenders you can compare
Compare other products
We currently don't have that product, but here are others to consider:
How we picked theseFinder Score for business loans
We assess over 150 business loan products for their rates, fees and important features, assigning them a score out of 10.
Need more information?
Sources
More resources on Finder
Ask a question
2 Responses
More guides on Finder
-
Great Southern Bank Business+ Vehicle Loan
Borrow up to $250,000 to buy your business a new or second-hand vehicle up to 5 years old from a dealership.
-
ScotPac Boost Business Loan – powered by Business Fuel
ScotPac’s Boost Business Loan offers simple access to funding, allowing your business to borrow between $10,000 and $500,000.
-
Marmalade invoice factoring
Keep your business growing without debt and without waiting for your customers to pay their invoices.
-
Shift Business Loans
A business term loan of up to $1,000,000. No security needed and flexible loan terms available.
-
Shift Business Equipment Line Loan
Finance your used or new equipment for any business needs from $2,000 to $1,000,000.
-
Heritage Bank Equipment Loan
Purchase, replace or upgrade new or used equipment up to $500,000.
-
Swoop Finance Business Loans
Swoop Finance offers a vast range of business loans via its extensive lender portfolio. Businesses of all sizes and funding requirements may be able to qualify. Find out more.
-
ebroker Business Loans
Whatever your business loan requirement, ebroker may be able to help. With a range of loan options from over 80 bank and non-bank lenders compared on-site, could you find the right loan for your business?
-
Macquarie Bank Line of Credit
Increase your working capital with a business line of credit from Macquarie Bank.
-
St.George Vehicle and Equipment Finance
Looking to purchase new equipment for your business? Find out how you could benefit from a vehicle and equipment loan from St.George. Compare and apply today.
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
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 the 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.
You may also refer to other business loans. I would suggest that you contact the lender to confirm your eligibility and options as well as discuss the calculation of your possible repayments. Also, please ensure you review the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you. You can also contact the provider if you have specific questions.
Best regards,
Rench