Loan calculators
Know the real cost before you sign.
Estimate repayments on a business loan, or put in a quote you’ve been given, however it was priced, and see what it really costs.
Loan calculator
Estimate your repayments.
Adjust the amount, term and rate to see what a fixed-rate business loan could cost each month.
Estimated monthly repayment£3,083.14
- Total repayment
- £110,993
- Total interest
- £10,993
Illustrative only. Assumes a fixed rate and equal monthly repayments, with no fees. The amount, rate and term you're offered depend on your business and the lender.
Quote checker
Check the true cost of a quote.
Factor rates, flat rates, monthly rates and fees make offers hard to compare. Enter a quote as it was given to you and we’ll show the total cost, each repayment and an effective APR.
New to the terms? Our finance glossary explains factor rates, flat rates and APR in plain English.
For example 1.25: you repay £1.25 for every £1.
Arrangement or other fees taken when the funds are released.
12 repayments
The real cost
£6,250
£0.25 for every £1 you receive
- Each repayment, a month
- £2,604.17
- Total repayable
- £31,250
- Effective APR
- 53.1%
- As a factor rate
- 1.250×
- Cash you receive
- £25,000
- Repayments
- 12
Illustrative only. Assumes equal repayments and fees taken when the funds are released. A lender’s own APR may differ if fees, timing or repayment patterns differ. Your adviser will check the figures on any real offer with you.
Questions
Rates, decoded.
Why do lenders quote rates in different ways?
Different products have different conventions. Term loans often use an annual interest rate, short-term lenders a flat or monthly rate, and merchant cash advances a factor rate. They can’t be compared directly, which is why the quote checker converts them all into the same numbers.
What’s the difference between a flat rate and an interest rate?
A flat rate charges interest on the full amount for the whole term, even as you repay it. An interest rate on a reducing balance charges only on what you still owe. The same headline number costs noticeably more as a flat rate.
Why can the effective APR look so high on short-term funding?
APR shows the cost as if borrowing for a year. A fixed charge repaid over a few months works out at a high annual rate even when the total cost in pounds is modest. Look at both: the total cost tells you what you pay, and the APR helps compare offers of different lengths.