The figures produced by our calculator are estimates for illustrative purposes only and do not constitute a loan offer or quotation. They assume a fixed interest rate, equal monthly repayments and no additional fees. Actual rates, fees and repayments will vary depending on the lender and loan product.
Estimated monthly repayment
£866.08
- Funding from £1,000
- Check eligibility in minutes
- Searching won't affect your credit score
How to calculate the cost of your business loan
Use our business loan calculator in three simple steps to estimate your monthly repayments and total borrowing costs.
Select your loan amount
Choose how much you want to borrow, from £1,000 upwards, to see how the amount affects your repayments.
Select your repayment term
Choose a repayment period to see how spreading the loan over more or fewer months affects your monthly payments and total cost.
Set your interest rate
Choose an illustrative annual interest rate to calculate your estimated monthly repayments, total interest and total amount repayable.*
* The figures produced by our calculator are estimates for illustrative purposes only and do not constitute a loan offer or quotation. They assume a fixed interest rate, equal monthly repayments and no additional fees. Actual rates, fees and repayments will vary depending on the lender and loan product.
How are business loan repayments calculated?
Your monthly business loan repayments depend on how much you borrow, the interest rate and the repayment term. Borrowing more or choosing a shorter repayment term will generally increase your monthly repayments, while a lower interest rate can reduce the overall cost of borrowing.
Our business loan calculator estimates your monthly repayments, total interest and total amount repayable based on the figures you enter. It assumes a fixed annual interest rate, equal monthly repayments and no additional fees.
These estimates can help you understand potential borrowing costs and explore different options before applying. Actual rates, fees and repayments will depend on the lender and your circumstances.
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Your questions answered
The calculator provides an estimate based on your chosen loan amount, repayment term and annual interest rate. It assumes a fixed rate, equal monthly repayments and no additional fees. It is not a loan offer or guarantee of the rate you may receive.
Enter an annual interest rate to see how it affects your repayments. If you haven't received a quote from a lender, try a few different rates to compare potential costs. The rate you are offered may differ depending on your circumstances and the lender's criteria.
It can. Lenders may charge higher rates where they consider an application to carry greater risk. However, policies vary, and your credit history is only one factor that may influence the rate offered.
Yes. Some lenders offer business loans for bad credit, considering applications from businesses with missed payments, defaults or other credit issues. Eligibility depends on factors such as the nature of the credit issue, business performance, affordability and time trading.
No. The calculator only uses the figures you enter to estimate repayments. It does not check your credit file, assess your eligibility or confirm whether a lender will approve your application.
No. The calculation excludes additional fees, so the actual cost of borrowing may be higher. Check the lender's terms for any arrangement fees or other charges before accepting a loan.
Related business finance guides
Explore our guides to understand your business credit, prepare for a loan application and learn more about your funding options.
