---
title: "Business Loan Calculator NZ: Weekly Cost | Compare Loans"
description: "Business loan calculator NZ: $50,000 over 5 years at MTF Finance's 14.00% fixed with its fees is $271 a week, $70,571 in total. Checked 21 Oct 2026."
canonical: https://compareloans.co.nz/business-loan-calculator/
source: Plain-text copy of https://compareloans.co.nz/business-loan-calculator/. The HTML page is the original and has the live calculators and the enquiry form.
---

# Business loan calculator NZ

Enter the amount and the rate you've been quoted to see the weekly cost and the total, with the fees counted.

Quoted a factor rate instead?

## What would $50,000 cost at each lender?

$50,000 over 5 years costs you between $60,871 and $92,053 in total at the lenders that publish a rate. The big banks don't publish an all-in business rate, so you see theirs only in the offer.

| Lender | Rate (p.a.) | Fee | Each week | Paid back in total |
| --- | --- | --- | --- | --- |
| Harmoney (personal loan) | 7.99% to 24.99% | $150 | **$234 to $338** | $60,871 to $87,948 |
| Lending Crowd | 8.95% to 25.95% | $450 to $1,500 | **$241 to $354** | $62,620 to $92,053 |
| MTF Finance (secured) | 10.55% to 22.55% | $380 | **$251 to $325** | $65,346 to $84,577 |
| MTF Finance (unsecured) | 14.00% to 24.00% | $380 | **$271 to $335** | $70,571 to $87,069 |
| Prospa (its own example) | 31% | 3% to 4% | **$394** | $102,444 |

$50,000 over 5 years, paid weekly, at the bottom and top of each published range with the set-up fee added. Rates from Harmoney, Lending Crowd, MTF Finance and Prospa, checked 21 Oct 2026.

Quoted a factor rate? Work out the yearly rate

## Questions about business loans

### What is the weekly payment on a $50,000 business loan?

$271 a week over 5 years at MTF Finance's 14.00% p.a. fixed with its fees, $70,571 paid back in total. The fees are a $380 set-up fee and about $8 a month.

### What is a factor rate?

It's a price stated as a multiple of what you borrow. A 1.25 factor on $50,000 means you repay $62,500. You pay the charge on the full amount while what you owe falls every week, so over 12 months it works out at 45.67% a year. Tick "Quoted a factor rate instead?" above to check your own quote.

### What rate will a business loan cost?

Published rates run from 7.99% p.a. at Harmoney, on a personal loan used for business, to 25.95% p.a. at Lending Crowd. Prospa publishes no rate, and its own calculator assumes 31%.

### What fees come with a business loan?

Harmoney charges a $150 set-up fee and MTF Finance $380 plus about $8 a month. Lending Crowd charges $450 to $1,500, and Prospa 3% to 4% of the loan.

### How long do I need to have been trading?

It depends on the lender. Prospa wants 6 months of trading and over $6,000 a month in turnover for its small business loan. BNZ QuickBiz wants 12 months of accounts and ANZ goBiz two years.