Nigerian business loan calculator

This simple 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 April 2, 2024.

What is a business loan calculator?

A business loan calculator is an online tool designed to help business owners estimate their monthly loan payments and overall loan costs. The calculator takes into account various factors, such as the loan amount, interest rate, repayment term, and fees, to provide a detailed breakdown of the loan’s cost.

How do I use a business loan calculator?

To use our business loan calculator, you simply need to input the loan amount, the interest rate, and the repayment term.

The calculator will then generate your results, which will show you how much you will need to pay each month, the average monthly interest and the total amount you will pay over the life of the loan.

Your loan details

months
%

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

-

Total interest

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Total cost of finance

-

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