Calculate Business Loan Payments, Interest, and Total Cost Easily and Accurately
Hi everyone!
If you're looking for extra capital to launch a startup or expand your existing business, it's important to know how much you'll need to repay—monthly and overall. Don’t commit to a loan without understanding the full picture. That’s where our Online Business Loan Calculator comes in handy.
This tool is designed for business owners, entrepreneurs, or anyone seeking a full breakdown of a loan. It helps you calculate monthly payments, total interest, repayment period, and overall cost automatically with just a few simple inputs.
How to Use the Business Loan Calculator
Fill in the following fields based on your situation:
Loan Amount (USD): Enter the total amount you want to borrow. Example: 80,000 Annual Interest Rate (%): Enter the yearly interest rate. Example: 8.5 Loan Term (years): How many years you want to repay the loan. Example: 7 Extra Monthly Payment (Optional) (USD): Add this if you plan to pay more than the minimum each month. Example: 200 Click “Calculate” to get instant results—no login or signup needed.
What You’ll See
Monthly Payment: Estimated monthly installment amount.
Average Monthly Interest: Average interest paid per month.
Total Interest: Total interest paid over the life of the loan.
Repayment Duration: Estimated time to fully pay off the loan.
Total Repayment: Total amount paid (principal + interest).
This helps you build a smarter financial strategy for your business.
Loan Formula Used
Monthly Payment (without extra payment):
P = (r × Principal) / (1 - (1 + r)^-n)Where:
P = monthly payment
Principal = loan amount
r = monthly interest rate (annual rate ÷ 12 ÷ 100)
n = total number of months (loan term × 12)
Adding extra payments can shorten the loan term and reduce the total interest significantly.
Sample Loan Calculation
| Loan Amount | Annual Interest | Loan Term | Extra Monthly | Monthly Payment | Total Interest | Total Repayment |
|---|---|---|---|---|---|---|
| $80,000 | 8.5% | 7 years | $200 | $1,269.50 | $26,236.00 | $106,236.00 |
| $80,000 | 8.5% | 7 years | $0 | $1,269.50 | $27,452.00 | $107,452.00 |
Note: This simulation is for illustration purposes only. Actual numbers may vary depending on your lender’s specific terms and fees.
Why Use This Business Loan Calculator?
See estimated payments before applying
Plan long-term repayment strategies
Understand how extra payments impact your loan
Instant results, no registration required
Free and always available
Common Questions
How is this better than a standard amortization table?
Standard tables are fixed, while this calculator adapts to your inputs and shows results instantly.
What happens if I pay extra every month?
You can shorten your repayment period and reduce total interest significantly.
How accurate is this calculator?
It gives close estimates, but your lender may use slightly different formulas or include fees not covered here.
Do I need to sign up to use it?
Nope—just enter your loan details and see your results right away.
Start Calculating and Plan Smarter
With this calculator, you can take control of your business finances. Don’t let a loan become a burden—use this tool to make smarter decisions and help your business grow in the right direction!
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