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Calculator

What would a business loan actually cost you?

Set the amount, the rate and the term. You will see the monthly payment, the total interest and a month-by-month schedule with nothing hidden.

Estimate your repayments

Drag the sliders or type the figures. Everything updates as you go.

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£5k£500k£1m

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Your estimate

£0.00per month
Amount borrowed£0.00
Monthly interest£0.00
Total interest£0.00
Length of loan36 months
Total cost of loan£0.00
Capital — Interest —
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These figures are indicative and intended as a guide only. They are not a statement of the repayments that will be charged on any actual loan, and they do not constitute a loan offer. Your rate depends on the lender, your trading history and any security offered.

Repayment schedule

MonthPaymentInterestCapitalBalance

Early payments are mostly interest; later ones are mostly capital. That is why settling early saves less than people expect.

What the calculator does not know

Three things move the real number, and none of them can be guessed from an amount and a rate.

Your actual rate

The rate you are offered depends on trading history, sector, security and the lender. The figure you typed in is an assumption, not a quote.

Arrangement fees

Most lenders charge an arrangement fee, often 1-5% of the facility. Some add it to the balance, some deduct it from the advance.

Repayment structure

Not every facility is straight-line monthly. Some have capital repayment holidays, some are interest-only with a balloon at the end.

About these figures

It uses the standard amortisation formula, which is the same maths a lender uses for a fixed-rate term loan. What it cannot know is the rate you will actually be offered or any arrangement fee, so treat it as a guide to shape rather than a quote.
Three reasons, usually. Your offered rate differs from the one you typed in, the lender charges an arrangement fee, or the repayment structure is not straight-line monthly. Your written quote is always the figure that counts.
If you have no idea, around 10% is a reasonable starting assumption for unsecured business lending. Secured and asset-backed rates are considerably lower. Short-term and adverse-credit products are considerably higher.
No. It shows capital and interest only. Arrangement fees typically run from 1% to 5% of the facility, and some lenders add them to the balance rather than deducting them from the advance, which changes the monthly figure.
Monthly interest is what you pay in the first month, when the balance is at its highest. It falls every month as the balance reduces. Total interest is the sum of every month across the whole term.
We record the amount, rate and term so we understand what visitors are looking for. That record is not linked to you and we do not use it to contact you.

Want the real number?

An estimate is a starting point. A written quote is a commitment. Get the second one.

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