Business loan calculator
A business loan is repaid in equal monthly instalments over a fixed term. Enter the amount you want to borrow, the annual interest rate and the term in months to see your monthly repayment, the total interest and the total amount repayable.
Unsecured business rates typically run from about 8% to 25% a year.
Indicative estimate for limited-company business finance, not a quote or a credit decision. Rates you enter are your own; no credit search is run. Reviewed July 2026.
Balance paid down over time
What you repay
Get an indicative business loan quote
No obligation, no credit search. We are a broker for limited-company business finance and may receive commission from the lender.
Worked example
For £50,000 business loan at 12.0% over 3 yr, the monthly repayment is £1,661. Total interest: £9,786. Total repayable: £59,786.
How it works
- The loan is repaid in equal monthly instalments (an amortising, reducing-balance loan).
- Each payment covers that month's interest first, then reduces the balance.
- A longer term means a lower monthly payment but more total interest.
- Unsecured business loans do not need an asset as security, so the rate reflects the risk.
Frequently asked questions
How are business loan repayments worked out?
On a standard reducing-balance basis: the same payment each month, with interest charged on the balance outstanding, so early payments are more interest and later ones more capital.
What interest rate will I pay?
It depends on the lender, the term and your trading history. Unsecured business finance commonly ranges from roughly 8% to 25% a year. Use your own quoted rate for an accurate figure.
Is a business loan cheaper over a longer term?
A longer term lowers the monthly payment but increases the total interest, because you owe the money for longer. The calculator shows both so you can weigh cash flow against cost.
Is this a quote?
No, it is an indicative estimate for planning. CoreFi is a broker for limited-company business finance and can source indicative terms from the panel.
This calculator gives an indicative estimate of business finance for limited companies. It is not a quote, an offer, or a credit decision, and no credit search is run. CoreFi is a trading name of JG Core Ltd (company 16218779), a finance broker not a lender, and may receive commission from the lender. Figures reviewed July 2026.