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Term Loan Payment Estimator
Estimate monthly payments, total interest, and total cost for a fixed-rate business term loan.
months (custom)
Estimated Payment Breakdown
Monthly Payment
$3,157
per month for 36 months
Total Interest
$13,643
Total Cost
$113,643
This estimate assumes fixed-rate, fully amortizing monthly payments. Actual rates and fees vary by lender and your business profile.
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How term loan payments are calculated
Term loan payments use standard amortization. Each monthly payment covers the interest accrued that month plus a portion of the principal, so your balance decreases steadily until the loan is fully paid off at the end of the term.
The formula: M = P × [r(1+r)^n] / [(1+r)^n − 1] where P is principal, r is the monthly rate, and n is the number of months.