Short-term business loan calculator

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

$
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

$-

Avg. monthly interest

$-

Total interest

$-

Total cost of finance

$-

Borrow $

How to calculate short term loan payments

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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