What will a business loan cost you a week?
Use our simple business loan calculator to set the amount, term and rate 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 Loan Calculator
Indicative only. When using this tool the calculation does not represent or indicate any offer for a loan, quote or approval. It assumes a fixed rate of 9.95% p.a. and does not allow for fees, charges or the specifics of your application.
Understanding Your Business Loan Repayments
A handful of factors shape what you pay each week or month on a business loan. Knowing how they work together makes it easier to choose a structure that suits your business and cash flow.
Interest rates for business loans
Business loan rates in Australia generally start from around 7.49% p.a. for secured funding and range higher for unsecured facilities. The rate you are offered depends on a mix of factors, including:
- Your credit profile and business trading history
- Whether the facility is secured or unsecured
- The loan amount and your business turnover
- The length of the loan term
- The structure you choose — unsecured, secured or a line of credit
Loan term considerations
The loan term you pick balances affordable repayments against the total cost of the finance:
Documentation provided will determine your rate. No financials falls under no doc and low doc applications, which are higher than full doc applications that provide full financials.
| Loan term | Advantages | Considerations |
|---|---|---|
| 1–3 years (short) | Less interest paid overall, and you clear the debt faster | Higher regular repayments and a bigger impact on day-to-day cash flow |
| 4–5 years (medium) | A balance between manageable repayments and total interest cost | A popular choice for term business loans |
| 6–7 years (long) | The lowest regular repayments, which helps preserve working capital | More interest paid across the full life of the loan |
Low doc, lite doc and full doc
The documentation you provide also shapes your rate. Broadly, the more financial information you can supply, the sharper the pricing available:
| Documentation | Advantages | Considerations |
|---|---|---|
| Full doc | Full financials (tax returns and financial statements) provided — access to the sharpest rates and higher loan amounts | Requires up-to-date tax returns and financial statements |
| Lite doc | Some financial information provided without a complete set — rates that generally sit between full doc and low doc | May still require items such as BAS, bank statements or an accountant’s letter |
| Low doc | Little or no financials — assessed on alternative information, which suits self-employed applicants and newer ABNs | Rates are typically higher than full doc and a deposit may be required |
Indicative rate guide
Rates generally start from around 7.49% p.a. for secured funding and range higher for unsecured facilities. A starting point only — your actual rate depends on the product, any security, the amount and term, your ABN history and the credit assessment.
| Scenario | Indicative rate | Notes |
|---|---|---|
| Secured business loan (property or asset backed) | from 7.49% p.a. | Strong ABN, clean credit and real-property or asset security |
| Unsecured business loan | from 12.95% p.a. | No property security — priced on turnover, trading history and credit profile |
| Line of credit / overdraft | from 10.95% p.a. | Interest charged only on the funds you draw |
| Invoice / debtor finance | from 0.5% per 30 days | Priced as a discount fee against the invoices funded, not a fixed p.a. rate |
| Short-term / cash-flow loan | case by case | Fast, flexible funding priced on turnover and the term of the advance |
| New-to-industry / new ABN | case by case | Additional documentation, security or a shorter term may be required |
Indicative rates only and subject to change. The rate available will depend on the lender, loan amount and term, any security, 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.
Match repayments to cash flow
A shorter term costs less interest overall; a longer term lowers the weekly repayment. We’ll model both with you so it fits how your business earns.
Unsecured or secured
Unsecured funding is priced on your turnover and credit profile; a secured facility can unlock larger limits and sharper rates. The calculator gives an indicative figure either way.
The rate you actually get
Depends on the product, any security, the amount, term and your ABN history. See the indicative rate guide below.