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.

Ciaran Burke

Page written by AI. Reviewed by Ciaran Burke on March 15, 2024.

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.

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

$-

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