Business loan calculator NZ
Put in the amount and the rate you've been quoted, and see the weekly cost and total with the fees counted.
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% 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.
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What is the monthly payment on a $50,000 business loan?
$1,180 a month over 5 years at MTF Finance's 14.00% p.a. fixed with its fees, $70,788 paid back in total. The fees are a $380 set-up fee and about $8 a month.
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.
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