Calculate your repayments
Use Prospa’s business loan calculator to quickly calculate your loan repayments
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Calculations are based on your input and are for illustrative purposes only. They are not forecasts, offers of credit or financial advice and do not imply product suitability. Subject to applicable law, Prospa will not be liable for any loss or damage arising from your use of the calculator. Terms and conditions, standard credit criteria, and applicable fees apply to Prospa products.
This calculator uses a fixed annual percentage rate (APR) of 31% as the interest rate to calculate repayments, which include only the principal and interest, with a 3.5% origination fee.
To calculate repayments, this calculator uses a fixed annual percentage rate (APR) of 31% as the interest rate and a weekly service fee of 0.046% of the facility limit. Calculated repayments include principal, interest, and fees. Repayments are calculated based on the first drawdown amount and do not consider the facility limit. The calculated repayments may not be sufficient to repay the total loan amount. At the end of the term, any outstanding balance must be repaid in full or over an additional two-year payment plan.
Simplify Your Business Financing with Our Loan Calculator
Take control of your business’s financial planning with Prospa’s easy-to-use business loan calculator. Instantly calculate your potential repayments, including principal, interest, and fees, for loans up to $500K with terms up to 5 years. Whether you’re considering a small business loan or exploring our flexible line of credit, our calculator helps you understand your borrowing options and plan with confidence.
No matter your business goals, Prospa is here to provide fast, transparent funding tailored to your needs. Try our loan calculator today and see how we can help your business thrive.
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Apply online in under 10 minutes, with no credit checks to see if you're eligible.
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Once we have all your necessary application details, we can provide a decision in as little as one business day.
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FAQs
Frequently asked questions
The application process 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
- Your BSB and account number
- Minimum trading history applies
We can often provide a response 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 it may take a little longer.
Often, you can have the funds in your account in as little as 1 hour after settlement.
We offer Business Loans or Line of Credit up to $500K, however the total amount of your loan will depend on the specific circumstances of your business.
We consider a variety of factors to determine the health of your business and based on this information we will make an assessment on how much you can borrow.
Use our loan calculator to discover much you could afford to borrow.
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.
For Business Loans we do charge a small establishment fee of 3-3.5%. Provided you continue to meet your loan obligations (as detailed in your contract) this will be the only Prospa fee you will pay.
For a Business Line of Credit, we charge a small fee of 0.046% for ongoing access to funds. For a Line of Credit of $40K, this is less than $3 per day (the cost of a cup of coffee). We do not charge an origination or establishment fee.
A lodgement fee may apply if your loan is secured with collateral.
You can choose to repay the entire amount of your loan early at any time.
If you decide to do this please speak to our friendly business loan specialists on 1300 882 867. They will provide you with repayment details and an early payout figure. This will be calculated as the total of the remaining principal amount and any accrued interest at the date of early payout, plus 1.5% of the remaining principal and any outstanding fees.
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