Loan Calculator
Use the calculator below to determine what your monthly repayments will look like.
Use the sliders to select the amount of money you’d like to borrow and the repayment period and it will illustrate your monthly repayments and the total amount repaid including interest.
Loan terms
- Start Up Loans are available from £500 to £25,000 at a fixed 6% interest p.a.
- You can repay over a period of one to five years
A shorter repayment period will mean you will pay less interest overall but your monthly repayments will be greater.
Using the calculator does not commit you to the amount and repayment term you enter. Your business advisor will help you determine how much to borrow and over what period to repay it.
Quick loan calculator
Start Up Loans are personal loans for business use only and subject to status. The monthly repayment amounts quoted are estimates which may increase or decrease slightly depending on the number of days between approval and when the loan is advanced.