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ActivoTurbo: Business finance solutions
ActivoTurbo: Business finance solutions
Before securing a business loan, it’s crucial to understand the costs involved.
Our easy-to-use Business Loan Calculator estimates monthly repayments, interest costs, and total loan expenses, ensuring you make informed financial decisions.
The business loan calculator is a tool that helps businesses estimate the cost of a loan.
By inputting the loan amount, repayment term, and interest rate, users can instantly see:
Estimated Monthly Payments Total Interest Payable Overall Loan Cost
This does not include any additional fees the lender may charge for applying to close out the loan early. It gives you an independent calculation to help your budget plans and ensure affordability before applying.
Lenders charge interest in different ways, but the basic formula remains:
Principal x Interest Rate (APR) x Loan Term
Example:
If you borrow £10,000 at 5% APR over 3 years: £10,000 x 5% = £500 interest per year £500 x 3 years = £1,500 total interest £1,500 ÷ 36 months = £41.66 monthly interest
Use our calculator to run different scenarios and find the best repayment option for your business.
APR (Annual Percentage Rate) represents the total yearly cost of borrowing, including fees. It’s the most accurate way to compare loan offers.
AER vs APR – What’s the Difference?
Start your business Loans, Grants Assets & Equity Funding application, compare offers, no obligation assessment or impact on credit score.