Calculate your unsecured 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 | $229.21 | $5,758 | $35,758 |
| Fortnightly | $458.87 | $5,792 | $35,792 |
| Monthly(selected) | $996.43 | $5,871 | $35,871 |
Switching from monthly to weekly repayments could save you $114 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 $250-350 depending on the rate and term.
Unsecured rates vary widely. On a $30,000 loan over 3 years, the difference between 10% and 15% is over $2,500 in total interest. Even a small rate reduction makes a meaningful difference.
A shorter term means higher repayments but significantly less interest. On a $30,000 loan at 12%, choosing 2 years over 4 years saves over $3,800 in total interest.
Switching from monthly to 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.
Without asset security, lenders rely heavily on your business revenue and cash flow consistency. Most require a minimum annual turnover and want to see stable or growing income over recent months.
Most unsecured lenders require at least 6-12 months of trading history. Longer trading history generally means access to better rates and higher loan amounts.
Your personal and business credit scores influence the rate you are offered. Some lenders specialise in borrowers with less than perfect credit, though rates will be higher.
Lenders assess your existing debt obligations to ensure the new repayments are affordable alongside your current commitments. Lower existing debt generally improves your borrowing capacity.
See unsecured 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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An unsecured business loan is a loan that does not require property, equipment, or other assets as security. The lender assesses your business based on revenue, cash flow, credit history, and trading history rather than holding collateral. Because there is no asset backing the loan, rates are typically higher than secured business finance.
Unsecured business loan rates are generally higher than secured loans because the lender takes on more risk without collateral. Rates typically range from 8% to 25% p.a. depending on the lender, your credit profile, time in business, and annual revenue. Secured business loans may be 3-8% lower for equivalent borrowers.
Lenders focus on your business revenue, cash flow consistency, time in business (most require at least 6-12 months of trading), credit history, and the purpose of the loan. Some lenders also review your bank statements to understand spending patterns and existing debt commitments.
Many unsecured business lenders offer fast turnaround, with some providing conditional approval within 24 hours and funds as soon as the same business day. Turnaround depends on the lender, the amount, and how quickly you provide the required documents. Subject to lender approval, terms and conditions apply.
Unsecured business loans can be used for a wide range of purposes including working capital, cash flow management, stock purchases, marketing spend, hiring, fit-outs, technology upgrades, or bridging gaps between invoicing and payment. The flexibility is one of the main advantages over secured finance.
A longer loan term reduces your regular repayments but increases the total interest paid over the life of the loan. Unsecured business loans typically have shorter terms (1-5 years) compared to secured finance. A shorter term means higher repayments but less total interest cost.
More frequent repayments (weekly or fortnightly) can reduce the total interest you pay because the balance reduces faster. Many business owners align their repayment frequency with their revenue cycle. If your business receives daily or weekly income, weekly repayments may suit. If you invoice monthly, monthly repayments may be easier to manage.
The results are estimates based on the standard amortisation formula. Actual repayments may differ because lenders may calculate interest differently, charge establishment fees, ongoing fees, or use different compounding methods. Use these results as a guide for budgeting and comparison, not as a quote. Subject to lender approval, terms and conditions apply.
Results are estimates only and should not be relied upon for financial decisions. Actual unsecured 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.