No — it’s an illustration. Your actual offer depends on Creditcorp’s assessment.

Business loan repayment calculator — Calculators

How to use it

Enter the amount, rate and term. Figures are illustrative.

How to interpret the result

The monthly repayment and total repayable figures show what a fixed-rate, equal-instalment loan would look like over the term you enter. Because the calculation assumes a level annuity structure, the same amount is due each month for the life of the loan, with the balance of interest to principal shifting gradually as the loan progresses — more interest is paid in early months than in later ones, even though the instalment itself stays constant.

Use the total repayable figure, not just the monthly amount, to judge affordability. Two loans with similar monthly repayments can carry different total costs depending on the rate and term combination, so compare the total cost of credit alongside the monthly figure rather than looking at either in isolation. This is particularly relevant for a UK limited company weighing a shorter, higher-instalment term against a longer, lower-instalment one — the shorter term usually reduces the total interest paid but increases the monthly cash outflow the business must absorb.

Limitations and good practice

This calculator produces an illustration, not a quote. It assumes a fixed rate and a standard annuity repayment profile; it does not account for any fees, variable-rate mechanics, early-repayment adjustments, or the specific underwriting terms a lender might apply once it has assessed a company's financial position, trading history and sector. Treat the output as a planning aid for comparing scenarios, not as a number to commit to before an actual offer is in hand.

Good practice is to run the calculator with a range of realistic rate and term assumptions rather than a single scenario, so a limited company's finance team can see how sensitive monthly cash flow is to changes in either variable before approaching lenders. Pair the output with a look at the company's own cash flow forecast — the break-even with loan repayment calculator and the early repayment savings calculator both build on this figure and are useful next steps once a base scenario has been modelled here.