Business Loan Calculator

Work out what a business loan actually costs you each month, and over the whole term, with the arrangement fee counted in.

Your loan

Loan amount ?What you borrow, before any fee is added or taken off.

£1,000£5m

Repayment term (months)

1 month120 months

Interest rate (% a year) ?Charged monthly on what you still owe. One twelfth of this rate is applied each month.

0%60%

Arrangement fee

Fee amount ?A one-off fee for setting the loan up. Charged once, not every month.

£0£500,000

How the fee is paid

Added to the loan You get the full loan amount. The fee is rolled in and paid off over the term, so you pay interest on it. Taken off what you receive The fee comes out of the money that reaches your account. Same result as paying it on day one.

Monthly payment

£0.00

Money you receive

£0

Total you repay

£0

Payments

Total cost of credit

£0

interest plus the fee

Interest

£0

over the full term

Arrangement fee

£0

charged once

APR ?The yearly cost of the loan with the fee counted in, worked out the standard way so you can compare two offers side by side.

0.0%

yearly cost, fee included

Where the money goes

Payment schedule

Interest falls and principal rises as the balance comes down.

Paying it off early

Settle after month

Early settlement charge (%) ?Some lenders charge a percentage of the balance if you clear the loan early. Many charge nothing. Check your offer.

Balance left

£0

Settlement charge

£0

Total to settle

£0

Interest you save

£0

How we work the APR out

The APR is the yearly cost of the loan with the arrangement fee counted in. We find the rate that makes your payments match the money you actually receive, then compound it over twelve months. That is the standard method, so an APR here can be compared directly against one from a lender.

Risecap arranges finance for limited companies. Business lending is not regulated by the Financial Conduct Authority, so lenders are not required to show an APR and they quote costs in different ways. We show one so you can compare like for like.

These figures are an estimate to help you plan. They are not an offer. What you are actually offered depends on the lender and on their underwriting.