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Business Loan Calculator
Calculate monthly payments, total interest, and the full cost of your business loan.
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Fill in the fields above and click Calculate to see your results.
How to use
Calculate monthly payments, total interest, and the full cost of your business loan.
How it's calculated
Monthly Payment (EMI)
(loan_amount * (interest_rate / 12 / 100) * pow(1 + (interest_rate / 12 / 100), loan_term)) / (pow(1 + (interest_rate / 12 / 100), loan_term) - 1)
Fixed monthly repayment amount
Total Repayment
((loan_amount * (interest_rate / 12 / 100) * pow(1 + (interest_rate / 12 / 100), loan_term)) / (pow(1 + (interest_rate / 12 / 100), loan_term) - 1)) * loan_term
Total amount paid over the life of the loan
Total Interest
(((loan_amount * (interest_rate / 12 / 100) * pow(1 + (interest_rate / 12 / 100), loan_term)) / (pow(1 + (interest_rate / 12 / 100), loan_term) - 1)) * loan_term) - loan_amount
Total interest cost for the loan
Examples
Small equipment loan
- Loan Term (Months):24
- Loan Amount:200,000,000
- Annual Interest Rate (%):8.5
Working capital expansion
- Loan Term (Months):60
- Loan Amount:1,000,000,000
- Annual Interest Rate (%):10
Industry Benchmarks
| Metric | Typical Range |
|---|---|
| Average business loan rates in Vietnam range from 8-12% | 9 % |
Frequently Asked Questions
How is the monthly payment calculated?
We use the standard EMI (Equated Monthly Installment) formula which takes into account the principal amount, the monthly interest rate, and the number of months.
What is the difference between simple and compound interest for loans?
Most business loans use compound interest (amortization), where the interest is calculated on the remaining balance each month.
Should I choose a longer or shorter loan term?
A shorter term means higher monthly payments but lower total interest. A longer term reduces your monthly commitment but increases the total cost of the loan.