No. This calculator is illustrative and uses public-domain amortisation maths on the APR you enter. Real offers are set by lenders at underwriting and depend on your trading history, credit profile and security.

What APR should I plug in?

Use the APR from a quote you already hold, or a sensible mid-market figure for a sense-check. APRs on UK unsecured SME term loans vary widely by lender, sector and credit profile — there is no single representative rate.

Does this include arrangement fees?

No. The calculator works on principal, term and APR only. Arrangement fees, broker fees and early-settlement charges are not modelled here. Where a lender quotes a representative APR that already includes the fee, the figure here will be closer to the all-in cost.

Calculator · Business loan

Business loan repayment calculator

A UK SME term loan is repaid in equal monthly instalments over an agreed schedule. This calculator runs the standard amortisation maths on the loan amount, term and APR you enter, so you can see the indicative monthly payment, the total interest and the all-in total repayment before talking to a lender. It is an educational model, not a quote: the actual rate, fees and schedule are set by the lender at underwriting.

Loan amount

Principal you want to borrow.

Term (months)36 months

Schedule length. Most unsecured UK SME term loans sit between 12 and 60 months.

APR11.5%

Indicative annual percentage rate. The lender sets the real rate at underwriting.

Indicative outputs

Monthly payment: £1,648.80
Total interest: £9,356.81
Total repayment: £59,356.81

Illustrative figures — actual pricing set by lender underwriting. This calculator uses the standard amortisation formula on the APR you enter. Real offers depend on your trading history, credit profile, security and the lender's risk appetite. Arrangement fees, broker fees and early-settlement charges are not modelled here.

How to read these numbers

Monthly payment: Standard amortisation: principal × (r/12) ÷ (1 − (1 + r/12)⁻ⁿ), where r is the APR and n is the term in months.
Total interest: All monthly payments combined, minus the original loan amount. The cost of using the lender's capital across the full term.
Total repayment: Loan amount plus total interest. The cash you will pay back across the life of the agreement, before any fees.

Assumptions and limits

Fixed APR across the full term — variable-rate or stepped products are not modelled.
Equal monthly instalments — no interest-only periods, capital holidays or seasonal payment structures.
No arrangement fees, broker fees, late-payment charges or early-settlement rebates.
No tax treatment — interest may be tax-deductible against business profits in some cases; check with your accountant.
Indicative only. Final pricing and approval are subject to lender underwriting, affordability checks and documentation.

FAQs

Is this a quote?: No. This calculator is illustrative and uses public-domain amortisation maths on the APR you enter. Real offers are set by lenders at underwriting and depend on your trading history, credit profile and security.
What APR should I plug in?: Use the APR from a quote you already hold, or a sensible mid-market figure for a sense-check. APRs on UK unsecured SME term loans vary widely by lender, sector and credit profile — there is no single representative rate.
Does this include arrangement fees?: No. The calculator works on principal, term and APR only. Arrangement fees, broker fees and early-settlement charges are not modelled here.

Decide if a business loan fits

The calculator gives you the cash-flow shape of an amortising loan. The eligibility checker tells you whether a business term loan is a sensible product family for your trading profile, or whether something structured differently would likely look at your case.

Check eligibility Compare finance types

Important — educational guidance only

Not regulated by the FCA and not a credit broker.
Not financial, legal or tax advice.
Not a loan offer and not a guarantee of approval.
Subject to lender underwriting — criteria can change.

Lendrly provides general eligibility guidance only. It is not financial advice, a loan offer, or a guarantee of approval. Provider criteria can change and final approval is subject to lender underwriting, affordability checks, credit assessment, and documentation. Lendrly is not a regulated credit broker; we do not submit applications on your behalf.