Business loan calculator
Adjust the loan amount, interest rate and term to see your monthly repayment, total interest and total amount repayable on a fixed-rate business loan. The calculation assumes equal monthly repayments, the standard structure for an amortising business loan. Figures are illustrative; any offer is subject to status.
£10k£1m
6%40%
Monthly payment
PrincipalInterest
Balance remaining
- Total interest
£34,559£34,559 - Total repaid
£184,559£184,559
Illustrative: fixed rate, equal monthly repayments, fees excluded. Finance is subject to status.
Check my real rateHow is this calculated?
- Monthly rate = annual rate ÷ 12.
- Repayment = amount × rate ÷ (1 − (1 + rate)^−months).
- Total interest = repayment × months − amount.
P = A · r / (1 − (1 + r)^−n)
Estimates are good. Offers are better.
See your real amount and repayments with a soft search, which won't affect your credit file. Subject to status.