Paying Off Your Business Loan
Use our Business Loan Calculator to work out the total cost of your business loan including monthly, fortnightly or weekly repayments.
Repayment settings have limited the savings options available. An Interest only repayment type usually does not allow any extra repayments to be made.
Extra Repayment Amount
Offset Account Amount
Lump Sum Amount
Lump Sum Year
The results from this calculator should be used as an indication only. Results do not represent either quotes or pre-qualifications for a loan or product. Results are based on information you have provided and does not take into account your personal circumstances. Using this calculator does not guarantee you will be eligible for a loan. You will need to satisfy your lender’s lending criteria. This calculator is not intended to be your sole source of information when making a financial decision. It is advised that you consult a professional financial advisor before taking out a loan.
Business Loan Tips
To understand how and where you spend your finances, it’s important to have a budget for your business. Take some time to sit down and go over your business finances and budget to ensure you keep your business and loan repayments on track.
Watch Your Credit Score
Keep up with good credit practices. Maintaining a good credit score puts you in a good position to gain easier access to additional funding for your business down the track. You’ll also have a greater choice of lenders and loan types.
Pay Back More
Increase your business loan repayments when you can. Many businesses experience seasonal fluctuations in sales, which can give you a major boost in cash flow. You should boost your repayments during these times.
Refinance the Loan
If you have multiple business loans, you should consider refinancing or consolidating these loans into one, affordable loan. With a good credit history and a successful business, you may be able to negotiate with your lender for a better deal.