Calculate your payback amount

The calculations and results can be used as a guideline which is indicative and does not include any fees or charges by the lender. The repayment is determined after the assessment of your application.


Some lenders use a factor rate to determine the repayment on an unsecured business loan

Calculating the interest rates of unsecured business loans using a factor rate


If your business were to borrow $50,000 over 12 months at a factor rate of 1.20%

1.20 multiplied by $50,000 totals $60,000 (This is your total payback amount)

On average there are 20 business days per month.

20 business days multiplied by 12 months is 240 days (Payments are not deducted on weekends)

$60,000 divided by 240 equals $250

$250 is your daily repayment (excluding any fees and charges).

Multiplying $250 by 5 days gives your weekly payment of $1,250

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* Lowest rate is 9.9% p.a. simple interest rate. It uses a risk-based pricing model to determine applicable rates using factors such as industry, years in business, cash flow and creditworthiness. Rates for small business loans range from 9.9% to 26.5% p.a. simple interest rate. The lowest rate is only available to applicants with the strongest cash flows, business experience and credit ratings. A $10,000 12-month loan with a simple interest rate of 9.9% p.a. would have a total repayment amount of $10,990 and an Annual Percentage Rate of 17.5%. Approval is subject to credit assessment. Fees, terms and conditions apply. These rates apply to small business loan product only.