Business loan calculator for SME repayments
Estimate repayments for unsecured business funding, short term needs, cash flow gaps and other SME funding use cases before you apply.
Am I eligible?
You probably are, you just need:
- An active ABN or ACN
- 6+ months in business
- $5,000+ in monthly revenue
Estimate business loan repayments before applying
Use this calculator to estimate the monthly repayment, total interest and total repayable for a business loan. Adjust the amount, term and rate to see how different scenarios affect your numbers.
How should an Australian SME use a business loan calculator?
SimplyFunded Australia's business loan calculator helps Australian SMEs test a realistic loan amount, term and interest rate before applying. Start with the SME loan guide to frame the funding need, then use the calculator to compare monthly repayments, total interest and total repayable for unsecured business funding, short-term costs, vehicles, equipment or cash flow needs.
The result is an estimate, not a quote or guaranteed offer. It does not necessarily include every establishment fee, monthly charge or lender-specific cost, and the actual rate depends on assessment. Compare the estimate with an ordinary trading month and review the business loan rates and business loan requirements before applying.
Monthly
AUD $4,442
Total interest
AUD $3,309
Total repayable
AUD $53,309
This is an estimate only. Actual rates, fees and repayment terms depend on lender assessment.
How business loan repayments are calculated
Business loan repayments are calculated using the loan amount, interest rate and term. The monthly payment is determined by dividing the total loan plus interest across the repayment period. A higher loan amount, higher rate or shorter term will increase the monthly payment. Check current business loan rates to see where rates typically sit.
The total cost of the loan depends on how long the money is borrowed for. A longer term reduces the monthly payment but increases the total interest paid. A shorter term has higher monthly payments but lower total interest. The right balance depends on the business cash flow and how quickly the funded activity generates enough revenue to repay the loan. Review the eligibility requirements before deciding on an amount and term.
Factors that affect your repayment amount
Loan amount: the more you borrow, the higher the monthly and total repayment.
Interest rate: a higher rate increases both the monthly payment and total interest.
Loan term: longer terms lower the monthly payment but increase total interest over the life of the loan.
Fees: some lenders charge establishment, monthly or early repayment fees that affect the total cost.
Repayment frequency: weekly or fortnightly payments can reduce total interest compared to monthly payments.
Ready to apply?
Once you have an estimate, check your eligibility and start an application online.
Related funding options
You can also review business loan FAQs or speak with the team through the contact page.
Frequently Asked Questions
It estimates a possible repayment, total interest and total repayable amount from the amount, term and rate entered.