Business loans calculator

Business loan calculator

There are a lot of options when it comes to funding your business during coronavirus. With tax breaks, grants and loans all on offer it can be difficult to know which is a good fit for your business. If you think a loan could help your business recover, why not see if the Coronavirus Business Interruption Loan Scheme (CBILS) is right for you?

We’re an accredited lender for the scheme and could lend you between £50,001 and £350,000 for up to five years, with nothing to pay for the first 12 months.


Monthly payment


Total payment


Total interest


Year 1



There's no fixed schedule.

Repay however you like in 12 months.



There's no fixed schedule.

Repay however you like in 12 months.

Monthly payment


Total payment


Total interest


How does our CBILS loan calculator work?

  1. Put in how much you'd like to borrow
  2. Choose how long for (up to 5 years)
  3. See how much your monthly repayments will be
  4. Click ‘Apply’ when you’re done

We've calculated your repayments using a rate of 10.2% APR – this only includes the interest you pay after the first year as the Government covers that. This means that the first year will always show £0.

What does an iwoca business loan look like?

  • borrow between £50,001 and £350,000

  • loan terms of up to five years (but we won’t charge you if you repay early)

  • nothing to pay for the first 12 months

  • 5.9% – 10.2% APR

  • no need for a personal guarantee for loans up to £250,000

To be eligible your business must be based in the UK and:

  • have been negatively affected by coronavirus
  • be a limited company
  • turnover less than £45m a year
  • use the funds for business purposes, and to keep doing business in the UK
  • make more than 50% of its turnover from trading (not investments)

Apply for a Flexi-Loan

Straightforward applications and quick decisions. It’s great boost for businesses who weren’t affected by coronavirus or are back on track.

Calculation of an iwoca business loan

If you borrowed £75,000 for 3 years at 7.8% APR, you’d repay a total of £87,298 and £12,298 in interest. The first year’s interest is always paid by the Government, but in the second year you’d pay £8,949, and £3,350 in the third (as long as you stick to your repayment schedule and don’t make any overpayments).

The interest decreases because as your loan term progresses, you pay off more of your principal and so accrue less interest. If at any point you don’t need the money anymore, you can always pay it back early with no additional fees.

Why use our business loan calculator?

Using our business loan calculator could provide you with more clarity on what borrowing from us looks like. It can give you a better idea of how much you could borrow, what interest we charge and what you might have to pay back.

Using it could help provide you with more information on our CBILS loans, allow you to plan out different borrowing scenarios or even compare it with other products.

Why iwoca could be the right choice for you

If you choose to take a business loan with iwoca, you’ll be assigned your very own account manager. No more waiting on hold or uncertainty over your application, just straightforward, transparent communication.

We have an ‘excellent’ rating on Trustpilot – 4.7 out of 5. Read our reviews for yourself and see if you can apply for a business loan with us today.