Monthly repayment—
Total interest—
Total cost incl. fee—
Repayment schedule by year
| Year | Capital repaid | Interest | Balance |
|---|
Assumes a fixed rate, equal monthly repayments and interest calculated monthly.
Not financial adviceRaiseDebt is general, educational information only. It is not regulated financial advice, a recommendation or an offer of credit. Calculator results are illustrative estimates, not quotes. Speak to a qualified, FCA-authorised adviser or broker, and your accountant, before making borrowing decisions.
What is a term loan?
A lump sum borrowed for a fixed period and repaid in instalments of capital and interest. Rates can be fixed or variable, and loans may be secured or unsecured.
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What lenders look at
Trading history and filed accounts; cash flow and ability to service the debt; existing borrowing and available security; the credit history of the business and its directors.
See also asset finance and invoice finance.