Calculate Business Loan Costs
Instructions
Our easy-to-use Business Loan Calculator allows you to quickly work out your monthly repayments on any loan against a given interest rate and loan term. It also provides an ‘Interest Only’ repayment option.
Step 1: Enter the amount for example 150000 in the Loan amount box
Step 2: Select the desired loan repayment term for example 5 years in the repayment term dropdown box.
Step 3: Enter the interest rate (%) for example 5.5 into the Interest Rate box.
Step 4: Click the ‘Calculate Repayments’ box and the Monthly, Annual and Total repayments on the Loan will be shown. INTEREST ONLY will also be shown in the results.