Explore the numbers
Use the calculator to compare amounts and repayment terms against your cash flow.
FREE CALCULATOR
Business Loan Calculator
Explore what a business loan could cost. Adjust the amount, repayment term and illustrative interest rate to estimate your monthly repayments and total borrowing cost.
Your inputs
£1,000£5,000,000
6 months84 months
0%33%
Estimated cost
Monthly repayment£8,055.06
Total interest£39,982.06
Total repayable£289,982.06
Assumptions used in this calculator
- Equal monthly repayments, with interest calculated on a reducing balance using the annual rate divided by 12.
- The example rate is illustrative, not an advertised rate or offer. It is not an APR calculation.
- Arrangement, broker and early repayment fees are excluded. Rounding may affect the final payment.
- Your actual rate, eligibility and terms depend on the lender’s assessment.
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Calculator questions
How accurate is this business loan calculator?
It estimates repayments from the figures you enter, using a fixed interest rate and equal monthly payments. It does not assess your eligibility or include fees. Compare the result with the repayment schedule and total cost in a lender’s written offer.
Which interest rate should I enter?
Use the annual interest rate from an indicative quote where available. The starting rate is only an example. An APR may include fees and use a different calculation, so it should not be treated as interchangeable with the annual interest rate here.
Does a longer term make a loan cheaper?
A longer term normally reduces the monthly repayment but increases the total interest paid when the rate stays the same. Compare both the monthly commitment and the total cost.
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From an estimate to your next business move
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Complete the eligibility form with your funding requirements and business details.
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Discuss available funding and compare the costs, security and conditions.
Make an informed decision
Review the lender’s offer carefully before deciding whether to proceed.
RELATED GUIDES
Learn more about business loans
2 MIN READ
Build a borrowing budget around cash available after operating costs and existing commitments.
2 MIN READ
Understand why unsecured borrowing can still involve personal liability and what to check.
2 MIN READ
Prepare the trading information and funding purpose that help explain your application.
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