Calculate your business loan repayments instantly. Adjust the loan amount, interest rate, term, and repayment frequency to see what your repayments could look like.
| Frequency | Repayment | Total interest | Total cost |
|---|---|---|---|
| Weekly | $236.21 | $11,416 | $61,416 |
| Fortnightly | $472.74 | $11,456 | $61,456 |
| Monthly(selected) | $1,025.83 | $11,550 | $61,550 |
Switching from monthly to weekly repayments could save you $134 in interest over the life of this loan.
See how borrowing more or less changes your repayments. A $10,000 difference in loan amount can shift your monthly repayment by $150-200 depending on the rate and term.
Even a 1% difference in interest rate has a meaningful impact over the life of a business loan. On a $50,000 loan over 5 years, the difference between 7% and 9% is about $2,700 in total interest.
A shorter loan term means higher repayments but significantly less total interest. Run the numbers for 3 years vs 5 years to see the trade-off between cash flow and total cost.
Switching from monthly to fortnightly or weekly repayments can save you interest because the balance reduces faster. The comparison table shows all three side by side so you can see the difference.
Lenders review your profit and loss statements, bank statements, and BAS lodgements. They want to see that your business generates enough cash flow to cover the repayments alongside existing commitments.
Most lenders look for at least 6 to 12 months of trading history. Longer-established businesses with consistent revenue generally access better rates. Some lenders specialise in newer businesses with shorter trading histories.
Both your personal and business credit scores are assessed. A clean credit history with no defaults or late payments generally means access to more competitive rates from a wider range of lenders.
Lenders consider what the funds will be used for and whether you can offer security (such as property or equipment). Secured loans typically attract lower rates because the lender has collateral to fall back on.
See business loans from 50+ lenders and find a rate that works for your business.
Subject to lender approval, terms and conditions apply.
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Results are estimates only and should not be relied upon for financial decisions. Actual business loan repayments will depend on the lender, your credit profile, and the specific terms offered. Interest rates used are for illustration purposes only and may not reflect current market rates.
Subject to lender approval, terms and conditions apply.
This calculator is general information only and is not financial advice.