Business loan calculator
See the repayments on a New Zealand business loan, how much interest you'll pay and what it costs in total.
Monthly repayment
$1,660.72
| Number of repayments | 36 payments |
| Total interest | $9,786 |
| Total cost with fees | $9,786 |
| Total repaid | $59,786 |
At 17% a year, the repayment would be $1,782.64 and you'd pay $4,389 more in interest.
Want to know what rate your business would actually get?
Share your details and a business loan broker will get in touch to talk about how much your business could borrow, which lenders might suit it and what the loan could cost.
How this calculator works
Enter the loan amount, interest rate, term and how often you'll repay. The calculator works out an even repayment that covers each period's interest and part of the loan, so the loan is paid off by the end of the term. Banks and most lenders that quote an interest rate work out repayments this way.
The total cost includes the establishment fee. Your repayment only changes if the lender adds the fee to the loan.
If a lender quotes a factor rate instead of an interest rate, use the true cost calculator to turn it into a rate you can enter here.