CALCULATORS
Estimate your business loan repayments
Download Our Free “Insiders Guide To Commercial Finance”
How to use the loan repayment calculator
One of the most common questions we get asked is: ‘how much can my business borrow?’ There’s no one-size-fits-all answer as every business is different. It also depends on the lender, the loan product and how they assess your application.
That said, it’s a good idea to estimate the potential repayments of a business loan before you make an application. That way you can get a rough idea of whether you can afford the repayments.
Size up your business loan repayments using our calculator here.
To estimate your business loan repayments, please enter the:
- Loan amount – the amount of money you want to borrow
- Loan term – the length of time over which you want to repay the loan
- Repayment type – principal and interest or interest-only
- Repayment frequency – monthly, fortnightly, weekly
- Security type – residential, commercial, unsecured, asset
Adjust your selections and the interest rate to see how this can impact the size of your loan repayments.
For example, lengthening the loan term can make your repayments more manageable. However, the longer the loan term, the more interest you’ll typically have to pay over the life of the loan.
The calculator also doesn’t include lender’s fees. Typical fees you may be charged for equipment finance include:
How to use the loan repayment calculator
One of the most common questions we get asked is: ‘how much can my business borrow?’ There’s no one-size-fits-all answer as every business is different. It also depends on the lender, the loan product and how they assess your application.
That said, it’s a good idea to estimate the potential repayments of a business loan before you make an application. That way you can get a rough idea of whether you can afford the repayments.
Size up your business loan repayments using our calculator here.
To estimate your business loan repayments, please enter the:
- Loan amount – the amount of money you want to borrow
- Loan term – the length of time over which you want to repay the loan
- Repayment type – principal and interest or interest-only
- Repayment frequency – monthly, fortnightly, weekly
- Security type – residential, commercial, unsecured, asset
Adjust your selections and the interest rate to see how this can impact the size of your loan repayments.
For example, lengthening the loan term can make your repayments more manageable. However, the longer the loan term, the more interest you’ll typically have to pay over the life of the loan.
The calculator also doesn’t include lender’s fees. Typical fees you may be charged for equipment finance include:
Customers reviews
What do our clients say about their experience?
“This was my first business loan – and I couldn’t have asked for a better experience. A friendly and professional team were on hand to assist every step of the way. I had loads of questions, and they took the time to explain everything clearly to me. Highly recommended.”
Mike R.
“Commercial Loans just make it happen. They understand your business, source a competitive deal according to your needs and constantly update you throughout the application progress.”
Nick B.
“I have absolutely no hesitation in scoring Commercial Loans 10 out of 10 for their service. They’re professional, respond to enquiries quickly, get you competitive rates and are so easy to work with. Job done!!”
Lisa H.
What determines the interest rate you get charged?
Commercial finance interest rates aren’t set in stone. They are also not the be-all and end-all when it comes to choosing the right business loan for your business. That’s because the conditions of the loan will often have more impact on your business than the interest rate.
That said, you want to get the best rate possible. So what factors come into play when a lender is determining your interest rate?
- Your credit history
- Your business’ financials
- How long you’ve been trading
- Your business turnover
- How much you want to borrow
- Whether the loan is unsecured or secured
- Whether you’re buying new or second-hand equipment
Remember, different lenders assess applications differently. So the rate you’ll get from one lender will not necessarily be the most competitive on the market.
That’s why your business should use an expert commercial finance broker like Commercial Loans. Thanks to our industry connections and decades of collective experience, we have access to highly competitive interest rates you might not find when you go it alone.
We’ll talk you through all your loan options, so you’re confident you’re choosing the right commercial finance package for your business.
Talk To The Commercial Loans Team Today
Email Address
admin@commercialloans.com.au
Call Us
1300 169 200