This simple short-term business loan calculator helps you understand the cost of your loan. See monthly interest & repayment amounts, as well as total interest & cost.
Page written by AI. Reviewed internally on July 23, 2024.
Your loan details
This calculator is intended for illustration purposes only and exact payment terms should be agreed with a lender before taking out a loan.
Your results
Monthly payments
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Avg. monthly interest
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Total interest
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Total cost of finance
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To calculate the total repayment amount, you simply need to input the loan amount, interest rate, and loan term. Here’s a simplified formula:
Keep in mind that this is a basic formula, and actual calculations may vary based on the lender’s terms and conditions.
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