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Business Loan Repayment Calculator
Enter loan amount, interest rate and term to see your monthly repayment and total cost.
How it works
Uses the standard annuity formula: M = P × [r(1+r)ⁿ] / [(1+r)ⁿ−1] where P is the loan amount, r is the monthly rate (annual rate ÷ 12) and n is the number of months. This gives the fixed monthly repayment for a standard repayment loan.
Frequently asked questions
What is a typical UK business loan rate?
Rates vary widely: 6–12% for established businesses with good credit, 15–30%+ for newer companies or unsecured lending. Always compare the total cost, not just the monthly payment.
Does this work for personal loans?
Yes — the maths is identical. Enter the loan amount, APR and term in months.