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

Lumi Unsecured Business Loan

Lumi Unsecured Business Loan

  • Fast approval
  • No early repayment fees
  • Short loan terms
Security Logo

100% confidential application

Lumi Unsecured Business Loan

Borrow up to $500,000 with an unsecured business loan from Lumi.

  • Interest rate type: Variable
  • Interest rate: from 15% p.a. to 26% p.a.
  • Comparison rate: from 15.64% p.a. to 52.14% p.a.
  • Establishment fee: 2.5%
  • Minimum loan amount: $5,000
  • Maximum loan amount: $500,000
Go to site
Promoted
Product Finder Score Min. Loan Amount Max. Loan Amount Loan Term Upfront Fee Filter Values
Finder Score
$10,000
$500,000
3 months to 3 years
$0 application fee
A business loan for any industry. Borrow between $10,000 and $500,000, with approved loans funded within 24 hours. Minimum monthly turnover of $10,000 and 1 year of trading history required.
Go to siteMore info
Compare product selection
Finder Score
$5,000
$20,000,000
3 months to 7 years
$0 application fee
A Business Lending Specialist from Valiant Finance can give you access to competitive business loans from over 80 lenders. Loans between $5,000 and $20 million are available. Request a call – your loan can be funded in 1 business day.
Enquire nowMore info
Compare product selection
Lumi logo
Finder Score
Finder Score
$5,000
$500,000
3 months to 5 years
2.5% establishment fee
Apply for up to $500,000 from Lumi and benefit from short loan terms, no early repayment fees and once approved receive your funds in just one business day.
Go to siteMore info
Compare product selection
eBroker logo
Finder Score
Finder Score
$5,000
$5,000,000
1 month to 30 years
$0 application fee
Small business loans available between $5,000 and $5,000,000. Get access to 70+ non-bank lenders on this independent platform.
Enquire nowMore info
Compare product selection
Prospa logo
Finder Score
Finder Score
$5,000
$500,000
3 months to 3 years
3.5% origination fee
Small business loans are available from $5,000 - $500,000 on terms of up to 3 years. At least six months trading history and a monthly turnover from $5,000 is necessary.
Go to siteMore info
Compare product selection
Zool logo
Finder Score
Finder Score
$25,000
$2,000,000
6 months to 4 years
Apply for a loan from $25,000 to $2,000,000 Repayments are made in monthly instalments over a period of to 4 years.
More info
Compare product selection
ScotPac logo
Finder Score
Finder Score
$10,000
$150,000,000
From 1 year
No set amount
Improve your business cash flow by financing your outstanding invoices. No minimum trading history required, but minimum 12 - month term and $10,000 in invoices.
Go to siteMore info
Compare product selection
ScotPac logo
Finder Score
Finder Score
$10,000
$1,000,000
1 to 3 months
$500
Finance your unpaid invoices on demand with terms of 1 - 3 months. 95% of invoice is paid upfront, with no minimum trading history required.
Go to siteMore info
Compare product selection
Prospa logo
Finder Score
Prospa Secured Business Loan
Finder Score
$150,000
$500,000
3 months to 3 years
3% origination fee
A secured business loan available up to $500,000 that can be funded in 1 business day. Your business must have a turnover of at least $6,000 per month and you must provide 6 months of trading history and 3 months history for existing business purchases.
Go to siteMore info
Compare product selection
On Deck Capital, Inc logo
Finder Score
OnDeck Business Loans Offer
Finder Score
$10,000
$250,000
6 months to 2 years
3% of loan amount
Go to siteMore info
Compare product selection
Prospa logo
Finder Score
Prospa Business Loan Offer
Finder Score
$5,000
$500,000
3 months to 3 years
3% origination fee
Small business loans are available from $5,000 - $500,000 on terms of up to 3 years.
Go to siteMore info
Compare product selection
Prospa logo
Finder Score
Prospa Unsecured Business Loan
Finder Score
$5,000
$150,000
3 months to 2 years
3% origination fee
An unsecured business loan available up to $150,000 that can be funded in 1 business day. You must provide 6 months of trading history, 3 months history of existing business purchases and have a turnover of $6,000+ per month.
Go to siteMore info
Compare product selection
MaxFunding logo
Finder Score
Max Funding Fast Business Loans
Finder Score
$3,000
$10,000
1 month to 2 years
More info
Compare product selection
Zip logo
Finder Score
Zip Business Trade Plus
Finder Score
$3,000
$150,000
More info
Compare product selection
Marmalade logo
Finder Score
Marmalade Invoice Factoring
Finder Score
$1,000
$4,000,000
From 1 month
3–5.5% fee per invoice
Apply to borrow up to $4 million against your unpaid invoices and receive your approved funds within 48 hours.
More info
Compare product selection
loading
Showing 15 of 73 results

Finder 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.

Read the full Finder Score methodology

Justine Mclean's headshot
To make sure you get accurate and helpful information, this guide has been reviewed by Justine Mclean, a member of Finder's Editorial Review Board.
Richard Whitten's headshot
Money Editor

Richard Whitten is Finder’s Money Editor, with over seven years of experience in home loans, property and personal finance. His insights appear in top media outlets like Yahoo Finance, Money Magazine, and the Herald Sun, and he frequently offers expert commentary on television and radio, helping Australians navigate mortgages and property ownership. Richard holds multiple industry certifications, including a Certificate IV in Mortgage Broking (RG 206) and Tier 1 and Tier 2 certifications (RG 146), as well as a Graduate Certificate in Communications from Deakin University. See full bio

Richard's expertise
Richard has written 639 Finder guides across topics including:
  • Home loans
  • Property
  • Personal finance
  • Money-saving tips

Ask a question

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms Of Service and Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

2 Responses

    Default Gravatar
    PiaFebruary 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

      Default GravatarFinder
      RenchFebruary 28, 2018Finder

      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

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.

  • How to offer your customers finance

    A guide to customer finance options for small businesses, including 0% interest finance.

  • Caveat Loans

    Need quick finance for your business? Find out how caveat loans work and if they're right for your business.

  • Compare livestock loans

    Your guide to finding the right livestock loan to help manage and improve your breeding stock.

  • BOQ Business Term Loan

    BOQ Business Term Loan lets you borrow from $10,000 and benefit from flexible repayment terms and access to a redraw facility.

  • Compare loans to buy an existing business

    Find out how to achieve your small business dreams by getting funding to buy a small business.

  • $20,000 business loans

    There's a range of options available for you to finance purchases for your small business, so find out how best to pay for assets under $20,000.

  • Marketlend Loans

    Marketlend could help your business with a peer-to-peer financed loan. Enjoy competitive fees and rates on a range of loan options.

  • Business equity loans

    Learn how to use your residential or commercial property as security for your business loan.

  • Trade Finance

    Learn how trade finance can take the risk out of importing or exporting.
    What changed? We reworked the article to improve clarity and included alternatives to trade finance.

Go to site