Business loan repayment calculator
Chattel mortgage, equipment or working capital. Set the amount, term and a rate, add a balloon if the lender allows one, and see the real cost.
A balloon is also called a residual. You pay interest on it the whole way through, then pay it out or refinance it at the end.
Add fees
Repayments
Repayment per month
$2,100.19
$100,000.00 financed over 60 months at 9.50% p.a.
Want the full month by month table with totals? Open the amortisation calculator.
Weekly = monthly repayment × 12 ÷ 52; fortnightly × 12 ÷ 26. Repayments are indicative only, include only the fees you entered, and are not a finance offer. Subject to credit approval.
This calculator is a guide only and does not take your personal circumstances into account. It is not an offer of credit, a quote, or a suggestion that you are eligible for a loan. Your actual rate, fees and repayments depend on the lender, your credit profile and the asset, and will be set out in a credit proposal before you commit to anything.
The interest rate is one you enter, not a rate offered by Better Money or any lender. Business and commercial loans are not regulated under the National Consumer Credit Protection Act.
Better Money Pty Ltd ABN 95 668 432 086, Authorised Credit Representative 552 640 of Australian Credit Licence 531308.