Small Loan Calculator

Com.Use the small business
Pay Back Amount when Mature $179, 084.77
Total Interest $79, 084.77

Calculator for Paying Back a Fixed Amount in the End

Use this calculator for calculating bonds or other related financial products.


Amount the Borrower will Receive
When the Loan Start:
$55, 839.48
$44, 160.52

RelatedMortgage Calculator | | Lease Calculator

Interest Rate

An interest rate is the percentage of money paid by a borrower to the lender for the use of money. For most loans, the interest is added to the principal so that the interest that has been added also earns interest. Normally loan interest was expressed in APR, which is the interest rate compounded monthly. The normal rate published by banks or APY is the interest rate compounded annually.

Loan Basics for Consumers

Consumers generally seek loans out of financial need, or because they want to acquire something: A car, a vacation, an extension to the home. Loans of this type are quite different from mortgages which finance house purchases.

What characterizes most consumer lending is that it is intended to be relatively short-term. It rarely extends for more than ten years. It may take many different forms: Credit card purchases are a form of consumer loan, even if the consumer pays the purchase back at the end of the month. Short-term loans to help cover bill payments, or even the so-called 'paycheck' loans made just to cover a consumer's salary payment are all forms of consumer lending.

There are two basic kinds of consumer loans: Secured and Unsecured.

A secured loan means that the consumer has put up some form of property in exchange for the money. You might go to a bank, and offer a valuable coin collection up as collateral for a secured loan that permits you to buy a small boat that you wanted. You could, of course, sell your coin collection to get the money, but then you wouldn't have it anymore. By putting it up as collateral, you get to keep it so long as you pay the installments on the loan. Of course, you pay interest on the loan as well.

When you take out an unsecured loan, you simply sign an agreement to pay the loan back. There is no collateral, no property that belongs to you to guarantee repayment. You can obtain a personal loan that unsecured, but there are others that we obtain relatively easily like credit cards and overdrafts. It is quite difficult to obtain a personal loan on an unsecured basis. One must have an excellent credit rating to qualify, and, often, banks will only consider longstanding clients for such loans.

For whatever kind of loan you borrow, you will have to pay interest. Interest is the profit that the bank or lender makes on loan – what it earns for doing business with you.

Interesting facts

  • My Buddy (simplified Chinese: 难兄烂弟) is a Singaporean Chinese drama which was telecasted on Singapore's free-to-air channel, MediaCorp Channel 8. It made its debut on 8 July 2009 and ended on 4 August 2009. This drama serial consists of 20 episodes, and was screened on every weekday night at 9:00 pm. The drama is produced by Matrix Vision...
  • Gwendolynne Sophia Moore (born April 18, 1951) is the U.S. Representative for Wisconsin's 4th congressional district, serving since 2005. She is a member of the Democratic Party.
    The district is based in Milwaukee and also includes South Milwaukee, Cudahy and St. Francis, and part of West Allis. She is the first woman to represent the district...

Additional information

Business Loan Calculator | Balboa Capital
Business Loan Calculator | Balboa Capital
Did You Know? Loan and Small Business Loan
Did You Know? Loan and Small Business Loan
Texas Instruments Texas Instruments BA II Plus Financial Calculator
Office Product (Texas Instruments)
  • Performs common math as well as various financial functions
  • Worksheet mode includes tables for amortization, bond, depreciation, and compound interest
  • Built-in memory for storage of previous worksheets
  • Can perform cash-flow analysis and advanced list-based statistics
  • Slide-case included to protect screen
Instant Working Capital Loan Calculator -
Instant Working Capital Loan Calculator -
Small Business Loan
Small Business Loan
Small Business Loan Calculator and Small Business Line of
Small Business Loan Calculator and Small Business Line of ...
Australia Mercury Technologies Pty Ltd HD 12c Financial Calculator
Mobile Application (Australia Mercury Technologies Pty Ltd)
  • Features:
  • * Time value of money
  • * Amortization
  • * Bond price and yield to maturity
  • * Cash flow analysis NPV, IRR
  • * Memory for up to 20 cash flows
  • * SL, DB, SOYD depreciation methods
  • * Percentage change, percentage of total
  • * Cumulative statistical analysis
  • * Std. deviation, mean, weighted mean
STEVE YIWU STEVE YIWU Super Small Clip Calculator(Color Randomly Send)
  • Commodity Color: red,white,green,blue,yellow,purple
  • Material: ABS+Electronic components
  • Commodity size:3.8*3*7.2cm;Packing size:4.2*3.3*7.3cm
  • Weight:37g
  • Commodity Packing:color box packing