Business loan repayment calculator
Enter an amount, a nominal rate and a term to estimate monthly repayments, total cost and the effective rate. Add a lender's establishment and ongoing fees to see the true, comparison-style rate. It runs in your browser, with no sign-up and no credit check. Treat the result as a starting point, not a quote.
Monthly repayment
$2,424
Total repaid
$58,684
Total cost of loan
$8,684
Effective rate (incl. fees)
16.0% p.a.
The effective rate folds the establishment and ongoing fees into a single annual figure, the same way an Australian comparison rate is calculated, so it sits above the nominal rate whenever there are fees. It still can't capture factor-rate pricing, which isn't an interest rate at all, so for those products ask the lender for the total cost in dollars. Enter a lender's real fees above to see their true rate.
Indicative only, not a quote or an offer of credit. How business loan pricing really works.
Common questions
- Does it include fees?
- Yes, if you enter them. Add a lender's establishment fee and any monthly fee and the calculator folds them into an effective rate, calculated the same way as an Australian comparison rate, which sits above the nominal rate. The one thing it can't model is factor-rate pricing (a fixed multiplier on the amount borrowed), because that isn't an interest rate. For those products, ask the lender for the total cost of the loan in dollars.
- What rate should I put in?
- If you have a quote, use its nominal annual rate. If you are just exploring, the advertised 'from' rates on our panel are a starting point, but your actual rate depends on the lender's assessment of your business.
- Does using this involve a credit check?
- No. The calculator runs entirely in your browser. Nothing is submitted and no credit check happens unless you choose to make a full application to a lender.