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Business Loan Comparison Tool

Compare up to three offers using the same assumptions. Results are estimates, not recommendations or quotes.

Loan 1

Modelled results

Enter a positive amount and term, a non-negative rate, and non-negative fees.

Loan 2

Modelled results

Enter a positive amount and term, a non-negative rate, and non-negative fees.

Loan 3

Modelled results

Enter a positive amount and term, a non-negative rate, and non-negative fees.

Calculation Method and Limitations

The tool uses a standard monthly principal-and-interest amortisation formula. It divides the entered annual rate by 12, assumes the rate and monthly payment stay constant for the full term, and adds the known fees entered to scheduled repayments.

IncludedNot modelled unless reflected in your inputs
Principal, annual nominal rate, monthly amortisation, term and total known fees.Variable-rate changes, interest-only periods, balloons or residuals, tax, other compounding conventions, repayment timing, redraws, defaults and early payout.

For a like-for-like result, use the same amount and include every fee you can quantify over the proposed holding period. Check the lender's written repayment schedule and contract before relying on an estimate.

Comparison checks

  • • Use the same principal and holding period
  • • Enter all known fees over that period
  • • Add any balloon or residual outside this model
  • • Review early-payout and default provisions
  • • Compare security and guarantee requirements
  • • Stress-test cash flow, not only the base case

Contract questions

  • • What are the net proceeds after deducted costs?
  • • Is the rate fixed, variable or subject to default pricing?
  • • Is a residual, balloon or purchase option payable?
  • • Which conditions can delay settlement?
  • • Are all charges stated in writing?
  • • What happens if the plan changes early?

Compare the Right Product Structure

This model is most useful for fully amortising offers. For asset purchases, first compare the ownership and residual questions in the equipment finance and leasing guide. For short-term property facilities, interest may be capitalised and the exit date can dominate cost; use the bridging finance guide before modelling a conventional amortising repayment.

Frequently asked questions

Use the same loan amount and assumptions, then compare repayment structure, all known fees, total modelled payments, security, guarantees, residual or balloon amounts, early-repayment terms, default provisions and flexibility.

No. A rate does not capture fees, repayment structure, term, residual amounts, security, defaults or flexibility. This tool compares one simplified model and cannot determine which contract is suitable.

It models monthly principal-and-interest repayments using the entered annual rate and term, then adds the total known fees entered. It excludes rate changes, timing differences, tax, insurance, unentered legal or valuation costs, interest-only periods, balloons, residuals, redraws, defaults and early repayment.

Need Help Testing the Assumptions?

A commercial lending specialist can help align the inputs and identify contract terms that a simple repayment model cannot capture.

Speak with a Specialist