See what repayments might look like.
A business loan calculator estimates your repayments from the loan amount, term, interest rate and any balloon payment. Use it to compare how a longer term or a balloon changes the repayment and the total cost. It gives an estimate only, not a quote.
Move the sliders for an indicative estimate. When you're ready, we'll refine it around real lender options for your situation.
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Estimate only and not a quote or offer of finance. Actual rates and repayments depend on the lender, asset and your situation. Subject to lender criteria.
This calculator provides a general estimate based on the figures you enter and assumes a fixed rate over the full term. It does not account for fees, charges or lender-specific conditions, and is not financial advice. Speak with a loan-o specialist for options based on your real situation.
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The calculator works out equal repayments over the term at the fixed interest rate you set. Any balloon (residual) is left to pay at the end, and interest is charged each period on the amount still owing.
A balloon (or residual) is a lump sum left owing at the end of the term. It lowers your regular repayment, but you still owe it at the end and interest is charged on it, so it usually raises the total cost of the loan.
A longer term lowers each repayment, but you pay interest for longer, so the total interest is usually higher. Compare the total payable as well as the repayment.
No. It does not include establishment fees, account fees or lender-specific conditions, so your actual repayments may be higher. A comparison rate includes most fees and is a better guide to the full cost.
No. It is an estimate only and not a quote or offer of finance. Actual rates and repayments depend on the lender, the asset and your situation.