Free calculator
Loan Comparison Calculator
Line up as many as three business loan options side by side on the same repayment frequency. Enter each amount, rate, term and any upfront fees, and see which one costs the least once interest and fees are counted.
Lowest total cost
Option A
Total cost $121,000
Include at least one option to compare.
- Option A
Side by side
| Option | Repayment / month | Total interest | Upfront fees | Total cost |
|---|---|---|---|---|
| Option A |
How do I compare business loans with different rates and fees?
Compare the total amount you would repay over the same term, not the advertised rate. A loan with a lower rate and higher fees can cost more overall than the reverse. Enter each option's amount, rate, term and fees and the calculator totals the repayments and fees so the cheapest overall option is clear.
Advertised consumer loans express this idea as a comparison rate; business finance mostly does not, which is why totalling the real cash flows yourself matters. The figures here are estimates for comparison only: a lender sets the actual rate, fees and term offered to your business.
Estimate only
This calculator gives an estimate for general information only. It is not financial advice, a quote, or an offer of finance. Actual rates, fees and repayments are set by the lender and subject to approval and your circumstances.
Want figures for your business, not an estimate?
Tell us what you are looking to fund and a broker will compare options across our lender panel, then come back to you with real numbers. No obligation.
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