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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Business loan repayments are calculated using a standard amortisation formula. The formula takes your loan amount, interest rate, and loan term to work out equal periodic payments that cover both principal and interest over the life of the loan. Each payment reduces the remaining balance, which means the interest portion decreases over time while the principal portion increases.
Several factors influence the rate a lender offers: your business trading history and revenue, the strength of your credit profile, whether the loan is secured against an asset or property, the loan amount and term, and your industry. Businesses with longer trading histories and strong financials generally attract lower rates. Secured loans are typically cheaper than unsecured loans because the lender has collateral.
A secured business loan is backed by an asset (such as property, equipment, or a vehicle) that the lender can claim if you default. Secured loans generally offer lower interest rates and higher borrowing limits. An unsecured business loan does not require collateral but typically comes with higher rates, shorter terms, and lower maximum amounts because the lender carries more risk.
Lenders typically look at your business financials (profit and loss, bank statements), your time in business, your personal and business credit history, existing debts, and the purpose of the loan. Most lenders want to see at least 6 to 12 months of trading history, though some specialise in newer businesses. They assess whether your cash flow can comfortably cover the repayments alongside your existing commitments.
More frequent repayments (weekly or fortnightly) can reduce the total interest you pay over the life of the loan because the balance reduces faster. Many business owners prefer repayments that align with their cash flow cycle. If your business receives income weekly, weekly repayments can be easier to manage. The comparison table in this calculator shows the difference side by side.
A longer loan term means lower regular repayments but more total interest paid over the life of the loan. A shorter term means higher repayments but less total interest. For example, a $50,000 loan at 8.5% costs about $11,300 in interest over 5 years, but about $6,500 over 3 years. Consider balancing affordable repayments with the total cost of the loan.
The results are estimates based on the standard amortisation formula. Actual repayments may differ because lenders may calculate interest slightly differently (e.g. daily vs monthly), charge fees not included here (establishment fees, monthly account fees), or use different compounding methods. Use these results as a guide for budgeting and comparison, not as a quote.
This calculator does not include establishment fees, ongoing monthly account fees, early repayment fees, or lender-specific charges. These vary by lender and can add $500 to $2,000+ to the total cost of a business loan. When comparing finance options, ask lenders for the total cost including all fees.
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.