Repayment Calculator
How much will the business loan cost you?
Use our simple business loan calculator to set the amount, deposit, term and balloon for an indicative repayment. It's a guide to get you in the ballpark — the real number comes back once we've matched your deal to the right lender.
Business Loans Calculator
Enter your loan amount, term and balloon to estimate your weekly repayments.
Loan term
Balloon / residual
Repayment frequency
Your indicative repayment
$3,352/month
≈ $771/week
12.2% p.a. · 5 years · 0% balloon
Loan principal: $150,000
Ready to see your true rate?
This is indicative at 12.2% p.a. Your actual rate depends on the business loan, your ABN history and credit profile. Get a personalised quote — no credit impact, no obligation.
Indicative only. Does not represent an offer of credit. Assumes 12.2% p.a. fixed, secured loan for business use. Does not include fees, charges or individual circumstances. Actual rate subject to lender criteria and credit assessment.
Understanding Your Business Loan Repayments
Use the guide below to understand how different factors affect your business loan repayments.
What affects your business loan rate?
Business loan rates vary more than asset finance because there's no physical asset securing the loan in most cases. Key factors include:
- Your ABN trading history and length of time in business
- Business revenue, cash flow and profitability
- Your personal and business credit profile
- Whether the loan is secured or unsecured
- The loan amount, term and documentation type
- The purpose of the loan (growth, cash flow, acquisition, etc.)
Loan term considerations
The term you choose balances affordable repayments against the total cost of borrowing.
| Loan term | Advantages | Considerations |
|---|---|---|
| 6–12 months (short) | Fast access to capital, lower total interest | Higher regular repayments — suits businesses with strong cash flow |
| 1–3 years (medium) | Balance of manageable repayments and total cost | Most common term for unsecured business lending |
| 3–5 years (long) | Lowest regular repayments — preserves working capital | More interest over the loan life; best suited to secured facilities |
Which business loan type is right for you?
Different facilities suit different purposes. The calculator models a standard term loan — speak with us to compare other structures.
| Loan type | Best for | Notes |
|---|---|---|
| Term loan | Growth, equipment, fit-out, acquisitions | Fixed schedule, regular repayments over an agreed term |
| Line of credit | Cash flow management, seasonal businesses | Draw, repay, redraw up to your limit; interest on drawn amount only |
| Invoice finance | Businesses with slow-paying customers | Unlock cash from unpaid invoices within 24–48 hours |
| Trade finance | Importers, stock-heavy businesses | Finance purchase orders and supplier invoices |
Indicative rate guide
Rates depend heavily on security, documentation type and business profile. These are starting points only.
| Scenario | Indicative rate | Notes |
|---|---|---|
| Secured business loan (property) | from 8.50% p.a. | Property security, strong trading history, full doc |
| Secured business loan (assets) | from 9.50% p.a. | Equipment or other asset security, established ABN |
| Unsecured business loan | from 12.20% p.a. | Based on cash flow and trading history, no asset security |
| Low doc business loan | from 12.20% p.a. | Bank statements in lieu of financials, established ABN |
| New ABN / start-up | case by case | Personal guarantee or security typically required |
| Caveat / short-term bridging | case by case | Short-term facilities for urgent capital needs |
Indicative rates only and subject to change. The rate available depends on the lender, loan type, security provided, business trading history, credit profile and other eligibility criteria. Fees and charges may apply. Finance is subject to lender approval and lending criteria. Overdrive Commercial Funding (ABN 87 659 049 895), authorised credit representative of Connective Credit Services Pty Ltd (Australian Credit Licence 389328).
The rate you actually get
The calculator uses an indicative rate of 12.20% p.a. to model unsecured business loan repayments. Your real rate will depend on your trading history, revenue, security and the lender. See the indicative rate guide above, or get a personalised quote — no credit impact, no obligation.
Frequently Asked Questions
Common questions about business loans and how repayments are calculated.
How does the business loan calculator work?
Enter the loan amount, any upfront deposit, your preferred term, balloon percentage and repayment frequency. The calculator estimates your regular repayment using an indicative rate of 12.20% p.a. It's a guide — your actual rate depends on your business profile, trading history, credit assessment and the lender.
What interest rate does the business loan calculator use?
The calculator uses an indicative rate of 12.20% p.a. Actual business loan rates vary depending on the loan type, your ABN trading history, financials, security offered and the lender. Secured business loans can attract lower rates; unsecured or short-term facilities are typically higher.
Are the repayments shown accurate?
They are indicative estimates only. The calculator assumes 12.20% p.a. fixed and doesn't include establishment fees, ongoing charges or individual circumstances. Your actual repayment will depend on the approved rate, fees and final loan structure. A free quote gives you a real number.
What types of business loans are available?
Common business loan types include unsecured business loans, secured business loans, business line of credit, invoice finance, trade finance, business overdrafts and term loans. The right product depends on your purpose — cash flow, growth, equipment, stock, property or bridging — as well as your security and trading history.
What business loan rates are available in Australia?
Business loan rates in Australia vary widely — from around 8% p.a. for well-secured full-doc applications through to 20%+ for unsecured or short-term facilities. The rate you're offered depends on the loan type, term, security provided, your financials and trading history. We compare 80+ lenders to find the most competitive option.
What is the difference between a secured and unsecured business loan?
A secured business loan is backed by an asset — property, equipment or a personal guarantee — which allows lenders to offer lower rates and higher amounts. An unsecured business loan has no asset backing; it's approved based on cash flow, trading history and creditworthiness, and typically carries a higher rate to reflect the increased lender risk.
How much can I borrow for a business loan?
Business loan amounts vary by lender and purpose. Unsecured low doc loans can range from $10,000 to $500,000+. Secured business loans can extend significantly higher depending on the security and financials provided. We assess your capacity across 80+ lenders to find the right fit.
What is a balloon payment on a business loan?
A balloon is a lump-sum amount left owing at the end of the loan term. It reduces regular repayments during the term but leaves a residual to pay out, refinance or roll over at expiry. Balloons are available on some term loan structures. The calculator lets you model the impact of different balloon percentages.
How does the loan term affect my repayments?
A longer term reduces your regular repayment but increases total interest paid. A shorter term means higher repayments and less interest overall. Business loans typically run from 6 months to 5 years for unsecured lending, and longer for secured facilities. We model different terms to find the right cash flow balance.
Can I get a business loan with low doc?
Yes. Low doc business loans are available to ABN holders who can demonstrate business activity without providing full financial statements. Approval is typically based on bank statements, BAS history and your credit profile. Amounts and rates vary by lender. We identify which lenders will consider your situation.
How quickly can a business loan be approved?
Unsecured business loans can be approved in as little as 24–48 hours for eligible applications. Same-day approvals are possible for straightforward applications. Secured or larger loans may take longer due to property valuations or additional documentation. We keep the process as fast as possible.
What documents do I need for a business loan?
Requirements vary by lender and loan type. Low doc may require 6–12 months of business bank statements and a signed declaration. Full doc requires current tax returns, financial statements and supporting documentation. We confirm exactly what's needed before submission so there are no surprises.
Can I get a business loan with bad credit?
Yes. We work with lenders that consider a broad range of credit profiles for business lending, looking at the full picture — cash flow, trading history, the purpose of the loan and ability to repay. Bad credit doesn't automatically disqualify you, and we'll explore every available option for your circumstances.
Can a new ABN or start-up get a business loan?
Some lenders consider new ABNs and start-ups, particularly when the business owner has personal assets, industry experience or can demonstrate early cash flow. A deposit, personal guarantee or security is generally required. We assess your situation and identify which lenders are most likely to consider your application.
What is a business line of credit?
A business line of credit is a revolving facility that lets you draw down funds up to an approved limit, repay, and redraw as needed. It's suited to managing cash flow, covering short-term gaps or taking advantage of supplier opportunities. Interest is charged only on the amount drawn, not the total facility limit.
What is invoice finance?
Invoice finance allows businesses to unlock cash tied up in unpaid invoices, typically within 24–48 hours of issuing the invoice. The lender advances a percentage of the invoice value (usually 70–90%) and collects from your customer. It's well suited to businesses with long payment terms or high invoice volumes.
Does applying for a business loan affect my credit score?
Getting a quote through Overdrive Funding has no credit impact. We only submit a formal credit inquiry once you've approved the loan details and given us the go-ahead. We compare multiple lenders using soft-touch approaches before any formal submission.
Can I use a business loan to purchase an existing business?
Yes. Business acquisition loans are available for purchasing an existing business, buying out a partner or expanding through acquisition. The loan structure, amount and rate depend on the business being purchased, its financials, the purchase price and the security or deposit available.
Can I refinance existing business debt?
Yes. If you have existing business loans at unfavourable rates, we can compare your position across 80+ lenders and work to consolidate or refinance debt at a lower rate or better terms. Contact us with your current loan details and we'll assess the options.
How do I apply for a business loan through Overdrive Funding?
Click 'Check my rate' on this page and complete the short form — a few minutes with no credit impact. Simon reviews every enquiry personally and responds within 30 minutes during business hours. We compare 80+ lenders, confirm rates and manage your application from submission through to settlement.
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