Amortising repayments
The payment stays level while its composition changes.
Early payments contain more interest because the outstanding principal is higher. More of each later payment reduces principal as the balance falls.
Free business loan repayment calculator
Estimate business loan repayments and interest.
Enter the amount borrowed, annual interest rate and term to calculate an indicative monthly principal-and-interest repayment.
$ is a display symbol only. Use the same currency for all amounts; no currency conversion is performed.
This models a fully amortising loan with a fixed rate and monthly repayments. It excludes fees, balloon payments, redraws, rate changes and lender-specific rounding.
By using this tool, you agree to our Terms of Service (opens in a new tab) and acknowledge our Privacy Policy (opens in a new tab).
Rate and term
A longer term lowers payments but can increase total interest.
Compare both the regular repayment and total financing cost. A payment that looks manageable can still be expensive when spread over more months.
Compare with lender figures
Fees and loan structure matter.
Establishment fees, ongoing charges, compounding conventions, variable rates, repayment timing and balloon amounts can change a lender's schedule. Check the contract.