Business Loan Calculator
Calculate monthly repayments, total interest and total cost for any business or personal loan — with an amortisation summary.
What Does This Tool Do?
Calculate monthly loan repayments, total interest paid and total cost for any business or personal loan using the standard amortisation formula.
Key Features
Any Loan
Business, personal or vehicle loans.
Full Breakdown
Monthly payment, interest and total cost.
First Payment Split
Shows principal vs interest for payment 1.
Instant
Immediate result.
How to Use
- Enter the loan amount.
- Enter the annual interest rate.
- Select the loan term.
- Click Calculate.
Frequently Asked Questions
What is the loan payment formula?▾
M = P × r(1+r)^n / ((1+r)^n − 1), where P is principal, r is monthly rate (annual÷12) and n is total monthly payments.
How does a shorter term affect total interest?▾
A shorter term means higher monthly payments but significantly less total interest. A longer term is more affordable monthly but you pay much more overall.
What is a good business loan interest rate?▾
Rates vary widely by country, lender and creditworthiness. As a rough guide: SBA loans 6-8%, conventional business loans 7-20%, online lenders 8-50%+. Always compare APR.