Term Loan Calculator

This is the most common type of loan structure for both personal and business loans. You’ve likely taken one of these loans out in fact.

For a term loan, once approved the bank advances the entire amount to you all at once. From that point, you make regular payments on the loan over and set period of time. The interest rate is fixed.

Repayment, interest rate, and total time to pay back the loan (payback period) are all known upon approval of the loan.

What A Term Loan Looks Like

Term loans are low maintenance. Because everything is known up front, you can easily plan business purchases with the loaned funds and allocate loan payments.

There are many variations to these loans. The loan structure will depend on your business credit history, age of business, cash flows and other factors. Loans are typically made for 1 to 5 years and can be paid daily, weekly or monthly.

Term loans are available from a wide range of lenders, including traditional banks.