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Business Loan Calculator

Calculate the monthly cost of a business loan. Enter the amount you want to borrow, the annual interest rate quoted, and the loan term in months or years. The business loan calculator returns your monthly payment, total interest, and total repayment so you can evaluate the cash flow impact.

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How to Use the Business Loan Calculator

  1. Enter the loan amount you are applying for.
  2. Add the annual interest rate from your lender.
  3. Set the loan term in years or months.
  4. Click Calculate to see the monthly payment, total interest, and total amount to repay.

Formula Used

Monthly Payment = P × [ r(1 + r)n ] / [ (1 + r)n − 1 ]
P
โ€” loan principal
r
โ€” monthly interest rate
n
โ€” number of payments

Example: A $100,000 loan at 9% over 5 years = ~$2,075 monthly, ~$24,500 total interest.

Frequently asked questions

Everything you need to know about this calculator.

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