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Business Loan Calculator

Calculate your monthly business loan repayments, total interest and true cost of borrowing.

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Loan details

£
%
5 years
1 yr10 yrs
Monthly repayment
£1,061
Total repaid £63,665 · Interest £13,665
How your repayments break down Over the full term
Principal
Interest
Item Amount
Monthly payment £1,061
Total interest £13,665
Total repaid £63,665
Cost of borrowing £13,665

Results are estimates only and do not constitute financial advice.

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Monthly repayments at common loan amounts

Term loan over 5 years. Click any row to load it.

Loan amount At 7% APR At 10% APR At 15% APR

How it's calculated

Term loan: Fixed monthly payments are calculated using the standard amortisation formula. Each payment covers some interest (more early in the term) and some principal (more later).

Revolving credit: You only pay interest on what you've actually drawn. The calculator shows the maximum interest cost assuming full utilisation across the period.

APR is the standardised annual cost including the interest rate plus any compulsory fees. It lets you compare different loans on a like-for-like basis.

Frequently asked questions

What is a typical business loan rate?

UK business loans typically range from 5% to 20% APR depending on lender, borrower profile and loan type.

Can a sole trader get a business loan?

Yes. Lenders will assess your personal credit and business finances, often requiring a personal guarantee.

What is a personal guarantee?

A legal commitment from a director to repay the loan personally if the business can't. Your personal assets are at risk.

Business loans are not regulated by the Financial Conduct Authority in the same way as personal loans. Always read the full terms and ensure repayments are affordable for your business.

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