Limited time offer: No repayments on business loans for the first 6 weeks. Offer ends June 30. T&Cs. Apply now.

Business loan calculator

Use Prospa’s business loan calculator to quickly calculate your loan repayment.

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No credit check to see if you are eligible

Loan amount

A valid loan amount ($5,000 - $500,000) is required

Min: $5,000

Max:  $500,000

Weekly repayment
$0
Number of repayments
0
Total payback amount
$0
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No credit check to see if you are eligible

Calculations are based on information you provide and may assist you in making your own projections, however they are not forecasts and do not represent all Prospa products. The information in this calculator is by way of example only and is not a prediction or financial advice. The information in the calculator does not constitute an offer to lend or imply that any particular Prospa product is suitable for you. This calculator uses a fixed annual percentage rate (APR) of 31% as the interest rate and an origination fee of 3.5% to calculate repayments which include principal, interest and fees for the loan amount and loan term you input. Subject to law, Prospa will not be liable for any loss or damage caused by your use of the calculator. Terms and conditions and standard credit criteria apply to Prospa products.

No hidden fees

You’ll know exactly how much you need to pay from day one.

Easy application

Apply online in under 10 minutes, with no credit checks to see if you're eligible.

Minimal paperwork

No lengthy forms and no stressful processes, so you can get back to running your business.

Fast approvals

Once we have all your necessary application details, we can provide a decision in as little as one business day.

Explore the flexibility of a Prospa business loan

When you own a small business, trust is important – especially when it comes to relationships. So when you’re looking for a business loan to help with a purchase or cash flow, it’s important to choose a provider that helps you feel comfortable and informed.  

Small business loan calculators tend to use average interest rates and loan terms to calculate loan repayments, which may or may not be realistic. At Prospa, we understand that all businesses are different, and business loan interest rates can vary due to a number of factors such as industry, years in business, cash flow and creditworthiness.  

Rather than trying to provide you a standardised business loan quote, we would love the opportunity to get to know you and your business so we can provide you with an accurate business loan quote based on your unique situation and needs. In fact, Prospa can offer lower interest rates and better terms to applicants with the strongest cash flows, business experience and credit ratings. 

Get started by filling out our free, no-obligation loan application form below – and we’ll be in touch shortly. 

Get started

Talk to a business lending specialist

Talk to a business lending specialist

Talk to a business lending specialist

Talk to a business lending specialist

Talk to a business lending specialist

FAQs

Frequently asked questions

The application process for Prospa business loans is easy and fast. Simply complete the online form in as little as 10 minutes. If you are applying for $150K or less, you need your driver licence number, your ABN and your BSB and account number. For loans over $150K you’ll also need some basic financial statements, like a P&L and cash flow.

A decision on a Prospa business loan can happen in as little as one hour – as long as you apply during standard business hours and allow us to use the advanced bank verification system link to instantly verify your bank information online. If you choose to upload copies of your bank statements we can provide a decision on your business loan in as little as one business day.

If you apply for a Prospa small business loan before 4pm on a business day and your application is approved, it is possible to have money in your account the next business day.

We provide loan amounts between $5K and $500K. When you make an application for a specific amount we consider a variety of factors to determine the health of your business and the level of repayments your business can support. The total amount of your loan will depend on the specific circumstances of your business.

This is a common question, but business loan interest rates vary due to many factors. These include the type of facility (business loan, equipment loan, commercial loan, business overdraft, line of credit, credit card etc), the amount borrowed, what business assets the funds will be used for, whether the funds are unsecured or secured, whether it is a fixed or variable interest rate, and factors such as the industry the business operates in, how long the business has been running, whether the business has sufficient cash flow to support the loan, and the overall ‘health’ or creditworthiness of the business.

It’s best to talk to our friendly customer service team to see how they can help you get the best business loan interest rate for your business. We’ve helped businesses across the country with funds to grow and for cash flow support – we could help your business too.

There are no hidden fees for our business loans, and you’ll know exactly how much you need to pay, and when, from day one. There’s no compounding interest, no penalties for early repayment and no additional fees (as long as you make your payments on time).
Prospa doesn’t charge an Application Fee. You can apply for a business loan with Prospa with no upfront cost or obligation to proceed.
We do charge an Origination Fee that covers the costs associated with setting up and managing the loan. You are only charged this fee if you proceed with the loan. Our Origination Fee is 3.5% of the business loan amount for loans up to $150K and 3% for loans above $150K. .

You can choose to repay the entire amount of your business loan early at any time. If you choose to repay your entire loan early, Prospa may provide you with a discount on the remaining interest that is payable on your loan. The level of discount applied to your repayment amount will depend on how far you are into the loan term and will be at least 25% of the remaining interest payable on your loan.
There are no additional fees for early repayment and no balloon payment at the end of your loan. Any outstanding late fees or default fees will not be waived. Once you make the final payment your balance will be $0. If you wish to repay the entire balance of your loan early, you should call Prospa on 1300 882 867 to obtain your early repayment figures and relevant payment details.

Other questions? Talk to a specialist

Why Prospa is today's way to borrow

Securing quick financing for small businesses in Australia, especially startups, can be difficult. At Prospa, we are dedicated to supporting Australian businesses from various sectors to achieve consistent and solid growth.

No more compromising or missed opportunities with Prospa by your side. With hassle-free application, this time tomorrow you could have access to funds for growth and cash flow support. It’s just what we do.

We’re Australia’s #1 online lender to small business.

Choice

Borrow up to $500K with 10 minute application, fast decision and funding possible in 24 hours.

Support

A dedicated Business Lending Specialist will get to know you and your business and provide a personalised solution.

Confidence

Join thousands of Aussie small businesses who thrive with the support of Australia’s #1 online lender to small business.

Awards, thanks to you

It’s nice to know we’re doing something right

Year Award Category
2024 Great Place to Work Recognised as one of the Top 10 Best Workplaces in Technology
2024 Work180 Recognised by WORK180 as one of Australia’s top 101 workplaces for women
2023 Great Place to Work Recognised as one of the Top 20 Best Workplaces
2023 Great Place to Work Certified
2023 The Adviser Magazine's Product of Choice: Non-Banks Survey Winner, SME under $250K Loan of Choice

See more awards