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Business Loan Calculator (Multi‑Currency Top 20)
Business Loan Calculator
Modify the values and click the Calculate button to use
Result
Payback every month
₹0
Total of 0 loan payments
₹0
Interest
₹0
Interest + fee
₹0
Real rate (APR)
0%
About Business Loan Calculator
What is a Business Loan Calculator?
A Business Loan Calculator helps you determine the monthly payments, total costs, and the true annual percentage rate (APR) for a business loan. It takes into account not only the principal and interest but also any additional fees associated with the loan.
How to Use This Calculator
- Enter the loan amount you wish to borrow
- Input the annual interest rate offered by the lender
- Select the compounding frequency (usually monthly)
- Set the loan term in years and months
- Choose your payment frequency (monthly, quarterly, annually)
- Enter any additional fees (origination fee, documentation fee, other fees)
- Click "Calculate" to see your results
Understanding the Results
- Monthly Payment: The amount you'll need to pay each period
- Total Payments: The sum of all payments over the life of the loan
- Total Interest: The amount of interest you'll pay over the loan term
- Total Cost: Interest plus all fees
- APR (Annual Percentage Rate): The true cost of borrowing, including fees
Loan Formula
Monthly payment is calculated using:
P = [r * PV] / [1 - (1 + r)^(-n)]
Where:
P = Monthly payment
PV = Present value (loan amount)
r = Interest rate per period
n = Total number of payments
Frequently Asked Questions
The interest rate is the cost of borrowing the principal loan amount. The APR (Annual Percentage Rate) includes the interest rate plus other costs such as broker fees, discount points, and some closing costs, providing a more comprehensive view of the loan's cost.
Fees increase the total cost of your loan. Some fees (like origination fees) are often deducted from the loan amount, meaning you receive less money than you borrowed but still pay interest on the full amount.
An amortization schedule is a table showing each loan payment's allocation between principal and interest, and the remaining balance after each payment. Initially, a larger portion of each payment goes toward interest; over time, more goes toward principal.
More frequent compounding results in slightly higher effective interest rates. Monthly compounding is most common for business loans.
Many loans allow early repayment, but some may have prepayment penalties. Check your loan agreement and consider how early repayment affects the total interest paid.