How do I calculate business loan repayments in Australia?

Use FundingCheck's free calculator to estimate monthly repayments. Enter your loan amount ($10K–$350K), choose a term (3–24 months), and set an interest rate (5%–35%). The calculator uses standard amortisation to show your monthly payment, total repayment, and total interest cost.

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Business Loan Calculator

Estimate your monthly repayments, total interest, and overall cost before you apply. Adjust the sliders to compare different scenarios.

Business Loan Repayment Calculator

$50,000
15%
5%35%

Monthly Repayment

$4,512.92

Total Repayment

$54,154.99

Total Interest

$4,154.99

Compare real rates from 30+ lenders

Estimates only — not financial advice or a credit offer. Excludes fees and charges. Actual terms are set by the lender after assessment. See our Credit Guide.

How to use this calculator

This calculator uses standard principal-and-interest amortisation — the same formula banks use. Adjust the three inputs to model different borrowing scenarios:

  • Loan amount: How much you want to borrow ($10,000 to $350,000).
  • Loan term: How long you want to repay (3 to 24 months). Shorter terms mean higher monthly payments but less interest overall.
  • Interest rate: The annual percentage rate. Bank loans for established businesses start around 6–10%. Non-bank unsecured loans typically range from 12–25%.

The results update instantly as you move the sliders. Compare multiple scenarios to understand how term length and rate affect your total cost — then check your eligibility across 30+ lenders to see real offers.

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Understanding business loan costs in Australia

The monthly repayment is only part of the picture. When comparing business loans, pay attention to these cost factors:

  • Establishment fees: Many lenders charge 1–3% of the loan amount as an upfront fee.
  • Monthly account fees: Some products carry a recurring administration fee of $10–$30/month.
  • Early repayment penalties: Some lenders charge a fee if you pay out the loan early. Others allow fee-free early repayment.
  • Factor rates vs interest rates: Non-bank lenders often quote factor rates (e.g. 1.2×) instead of interest rates. Factor rates are applied to the full loan amount upfront, making them more expensive than they appear. Read our full guide to calculating business loan costs for a detailed comparison.

Frequently asked questions

How accurate is this business loan calculator?+
This calculator uses standard principal-and-interest amortisation to estimate repayments. Actual repayments may differ based on fees, establishment costs, and whether your lender uses factor rates instead of interest rates. Use it as a guide, then compare real offers through FundingCheck.
What interest rate should I use?+
Australian business loan rates typically range from 5% to 35% depending on the lender, loan type, and your risk profile. Banks offer 6–10% for secured loans to established businesses. Non-bank lenders charge 12–25% for unsecured loans. Start with 15% as a middle estimate if unsure.
Is this calculator free to use?+
Yes, completely free. No signup, no email capture, no credit check. Use it as many times as you need to compare different loan scenarios.
What is the difference between a factor rate and an interest rate?+
An interest rate is charged on the remaining balance and decreases as you repay. A factor rate (e.g. 1.2) is a flat multiplier applied to the full loan amount upfront — so a $100,000 loan at factor rate 1.2 costs $120,000 total regardless of early repayment. Factor rates are common with non-bank lenders and appear cheaper than they are when converted to equivalent annual interest rates.
How much can I borrow for my business?+
Through FundingCheck, Australian businesses can explore loan options from $10,000 to $350,000 with terms of 3 to 24 months. The amount you qualify for depends on your monthly revenue, trading history, and credit profile. Use the calculator to estimate repayments, then check your eligibility in under 60 seconds.

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See what your business qualifies for across 30+ Australian lenders. Free, fast, and no credit impact.

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