Know Your Real Loan Cost
Before You Sign
Enter the loan amount, interest rate and term to see your monthly payment and the true total cost of borrowing.
📥 Enter Your Numbers
$
How much you want to borrow.
APR offered by your lender.
How long you will take to repay.
🔒 Privacy-first: all calculations happen in your browser. Nothing is uploaded or stored.
🏦 Your Loan Breakdown
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MONTHLY PAYMENT
Total of All Payments—
Total Interest Paid—
Loan Amount—
Borrowing Smart for Your Business
Loans can fuel growth — if the numbers work.
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Monthly Payment
The fixed amount leaving your account every month. Make sure your cash flow covers it comfortably.
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Total Interest
The real cost of the loan — often surprising. On $50k at 8% over 5 years you pay about $10.8k in interest.
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Interest vs Term
Longer terms mean smaller payments but much more total interest. Shorter terms save money if cash flow allows.
Frequently Asked Questions
Quick answers for busy business owners.
How are loan payments calculated?
Using the amortization formula: M = P·r ÷ (1 − (1+r)^−n), where r is the monthly rate and n the number of months.
What interest rate should I expect?
Business loans typically range from 6–15% depending on credit, collateral and term. Compare multiple offers.
Should I choose a shorter or longer term?
Shorter = less total interest, higher monthly payment. Pick the shortest term your monthly cash flow can sustain.
Is this calculator really free?
Completely free, forever, no signup. All calculations run in your browser.