Loan Calculator: Estimate Your Business Loan Repayments

Curious what your loan repayments could look like? Use our free loan calculator to estimate your repayments based on your loan amount and interest rate. You can also add a down payment and select the amortisation period to get a clearer indication of your potential repayments.

Bear in mind that the calculator provides an estimate only. Your actual repayments will depend on factors including the lender, loan structure, fees and your financial circumstances. For a tailored assessment, talk to Dad’s Wallet at 1300 003 237.

Use our loan calculator to get a quick estimate of your potential repayments:

1. Enter the total loan amount you need. Remember to include the cost of the construction equipment, machinery, vehicles, and/or other business assets.
2. Next, add the expected interest rate to see how interest may affect your repayments.
3. Then, choose the loan term or amortisation period that best suits your business cash flow.
4. Finally, view the estimated repayments and adjust the figures to compare different finance options.

Keep in mind that the calculator is designed to give you an estimate only. Your actual repayments will depend on factors such as the lender, loan structure, fees, and your current financial situation.

Your repayments can vary depending on the interest rate, loan term, fees, and finance structure. A longer loan term may mean lower regular repayments, but you could pay more interest over the life of the loan.

Some finance options may also include a balloon or residual payment, which can lower your regular repayments but leaves a larger amount to pay at the end.

What Fees Should I Look Out For?

Before you commit to finance, check for:

• Application or establishment fees
• Broker fees
• Documentation or settlement fees
• Early payout or refinancing fees

At Dad’s Wallet, we help you compare the overall cost of your finance so you know what you’re signing up for.

Going directly to a bank means you’re limited to that lender’s products and criteria. As a broker, Dad’s Wallet can compare finance options from a range of lenders to help find a solution that suits your business and the equipment you need.

Access to More Lenders

A broker can compare options from a multitude of lenders, whereas going directly limits you to just one.

Better Rates

A broker may have access to competitive or broker-only rates that aren’t available when you go directly to a bank.

Fully Managed Application

A broker can manage the application process for you, so you’re not filling out multiple applications or chasing different lenders.

No Extra Cost to You

In many cases, the lender pays the broker’s commission, so you can access the service without an additional fee. Fees can vary, so your broker will explain any costs upfront.

We work with a panel of 40+ lenders, including major banks and specialist finance providers.