Free Business Tool
Business Loan Calculator
Plan your debt wisely. Calculate monthly payments, total interest, and see the real cost of your funding.
Loan Details
$
36m = 3y • 60m = 5y • 120m = 10y
Monthly Payment
$1,510.80
Total Interest
$4,353
$
Total Repayment
$54,353
Understanding Business Loan Payments
When taking out a loan for your business, it's vital to understand the "real cost" of debt. Our business loan calculator helps you see beyond the monthly payment by showing you exactly how much total interest you will pay over the life of the loan.
Planning for Amortization
Most business loans are amortized, meaning each payment covers both interest and a portion of the principal. Early in the loan term, a larger share of your payment goes toward interest. As you pay down the principal, more goes toward the loan balance.
Key Loan Terms to Know
- Principal: The original amount of money you borrowed.
- Interest Rate: The cost of borrowing, expressed as a percentage.
- Term: The length of time you have to repay the loan.
- Total Interest: The cumulative cost of borrowing over the entire term.
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