Business Loan Calculator NZ
Calculate your business loan repayments instantly with New Zealand's most comprehensive loan calculator. Compare rates from major banks and alternative lenders.
Business Loan Calculator
Estimate your loan repayments and find the right financing option
Current NZ Business Loan Rates (2025)
Use these current rates in the calculator above for accurate estimates
ANZ Business Loans
🏦ASB Business Loans
🏦Alternative Lenders
💳*Rates are indicative and subject to credit approval. Actual rates may vary based on your business profile and loan structure.
How to Use the Business Loan Calculator
Get the most accurate estimates with these simple steps
Enter Loan Amount
Input the total amount you need to borrow. Most NZ business loans range from $10,000 to $5,000,000.
Set Interest Rate
Use current market rates from the table above, or get quotes from lenders for your specific situation.
Choose Loan Term
Select repayment period from 1-10 years. Longer terms = lower payments but more total interest.
Business Loan Types You Can Calculate
Our calculator works for all major business financing options
Term Loans
Traditional business loans with fixed repayments
Equipment Finance
Loans for purchasing business equipment and machinery
Commercial Property
Mortgages for buying commercial real estate
Working Capital
Short-term funding for operational expenses
Startup Loans
Funding for new business ventures
Invoice Finance
Financing against unpaid invoices
Secured Loans
Loans backed by business assets
Growth Capital
Funding for business expansion
Traditional Banks vs Alternative Lenders
Understanding your options for business financing in New Zealand
Traditional Banks
✅ Advantages:
- • Lower interest rates (6-18%)
- • Longer repayment terms (up to 10+ years)
- • Established relationships
- • Lower total cost of borrowing
- • Comprehensive business banking
❌ Disadvantages:
- • Strict eligibility criteria
- • Lengthy approval process (2-8 weeks)
- • Extensive documentation required
- • Security often required
- • Less flexible terms
Major NZ Banks:
Alternative Lenders
✅ Advantages:
- • Fast approval (24-48 hours)
- • Flexible eligibility criteria
- • Minimal documentation
- • Unsecured options available
- • Innovative loan structures
❌ Disadvantages:
- • Higher interest rates (12-45%)
- • Shorter repayment terms
- • Additional fees
- • Higher total cost
- • Less regulatory protection
Popular Alt Lenders:
Frequently Asked Questions
Common questions about business loan calculations
How accurate is the business loan calculator?
Our business loan calculator provides accurate estimates based on the information you input. However, actual loan terms may vary depending on your business's creditworthiness, financial situation, and the lender's assessment. Always confirm rates and terms directly with lenders.
What interest rates should I use in the calculator?
Current New Zealand business loan rates typically range from 6-25% per annum. Secured loans generally offer lower rates (6-12%), while unsecured business loans may range from 8-25%. Use our rate guide above or contact lenders directly for current quotes.
Can I use this calculator for all types of business loans?
Yes, this calculator works for most business loan types including term loans, equipment finance, working capital loans, and commercial mortgages. Simply adjust the loan amount, interest rate, and term to match your specific loan type.
Should I choose the shortest loan term possible?
Not necessarily. While shorter terms mean less total interest paid, they also mean higher monthly payments. Choose a term that balances affordability with total cost. Consider your business cash flow and growth projections when deciding.
What's the difference between banks and alternative lenders?
Traditional banks typically offer lower rates but require more documentation and have stricter approval criteria. Alternative lenders like Prospa or Bizcap offer faster approval but at higher interest rates. Use our calculator to compare the real cost difference.
How do I get approved for a business loan in NZ?
Key factors include: 2+ years in business, positive cash flow, good credit score, detailed business plan, and usually 20-30% deposit for secured loans. Each lender has different criteria, so it's worth applying to multiple options.
Ready to Apply for a Business Loan?
Get personalized quotes from multiple NZ lenders and compare your real options