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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.

$271 a week

$70,571 paid back in total

The fee is added to the loan.

All four are fixed rates. With security means the loan is tied to something the lender can take, like a vehicle. Harmoney's is a personal loan in your own name, not the business's. Change the rate to the one you've been quoted.

years

Up to 10 years.

A fee some lenders add every month. MTF Finance charges about $8. Most others charge none.

How often

At Harmoney's 7.99% fixed with a $150 fee, in your own name: $234 a week, $9,700 less in total.

See which lenders would back my business

Estimate only, not a quote or an approval. Your rate depends on your credit and the lender. Rates checked 21 Oct 2026.

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.

LenderRate (p.a.)FeeEach weekPaid back in total
Harmoney (personal loan)7.99% to 24.99% p.a.7.99% to 24.99%$150$234 to $338$60,871 to $87,948
Lending Crowd8.95% to 25.95% p.a.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% p.a.10.55% to 22.55%$380$251 to $325$65,346 to $84,577
MTF Finance (unsecured)14.00% to 24.00% p.a.14.00% to 24.00%$380$271 to $335$70,571 to $87,069
Prospa (its own example)31% p.a.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

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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.

Want a broker to check your options?

Two short steps, then a licensed broker checks which banks and lenders would consider your business, and what each would cost.

This is not a loan application.

About how much?