Business Loan Calculator
Estimate monthly payment, total interest and total payable, with a full amortization schedule and chart.
Enter your figures
Result
Monthly payment
$1,062.35
Amortization schedule
| # | Interest | Principal | Balance |
|---|---|---|---|
| 1 | $416.67 | $645.69 | $49,354.31 |
| 2 | $411.29 | $651.07 | $48,703.25 |
| 3 | $405.86 | $656.49 | $48,046.76 |
| 4 | $400.39 | $661.96 | $47,384.79 |
| 5 | $394.87 | $667.48 | $46,717.31 |
| 6 | $389.31 | $673.04 | $46,044.27 |
| 7 | $383.70 | $678.65 | $45,365.62 |
| 8 | $378.05 | $684.31 | $44,681.32 |
| 9 | $372.34 | $690.01 | $43,991.31 |
| 10 | $366.59 | $695.76 | $43,295.55 |
| 11 | $360.80 | $701.56 | $42,594.00 |
| 12 | $354.95 | $707.40 | $41,886.59 |
Estimate the monthly payment, total interest and total repayable on a business loan, and see how each payment splits between principal and interest with a full amortization schedule.
Formula
Payment = P × r × (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1) where P is the principal, r is the monthly interest rate (annual ÷ 12) and n is the number of monthly payments.
Example
A $50,000 loan at 10% over 5 years has a monthly payment of about $1,062 and total interest of roughly $13,741.
Frequently asked questions
Is this an exact quote?
No. It is an estimate using a fixed rate and equal monthly payments. Real loans may include fees, variable rates, or different compounding, which change the cost.
What is amortization?
Amortization is the schedule of equal payments where early payments are mostly interest and later payments are mostly principal, until the balance reaches zero.
This calculator is for general information only and is not financial, tax or legal advice. Always confirm figures and applicable rates for your situation.
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