If you need to borrow money to finance business growth, new equipment or more staff, our business loan calculator will help you determine the monthly payment and interest costs for various business loans.*
And the total interest costs are $0
The business loan calculator assumes: (i) a constant interest rate throughout the repayment period and (ii) that interest payments will be made monthly for both payment types (Principal Plus Interest or Blended). The calculations produced do not account for, among other things, the following factors that may impact repayment: (i) non-scheduled payment reductions such as lump sum payments, (ii) Business Loan Insurance Plan premium payments, (iii) leap years, (iv) maturities on dates other than payment due dates or (v) interest adjustments. The calculations and amortization schedule produced are: (i) based on the data you have entered and its accuracy and completeness, (ii) based on assumptions that are believed to be reasonable, and (iii) for estimation purposes only and should not be relied upon for specific financial or other advice. When you make your credit application, interest rates may have changed or may be different due to information contained in your application, and if you are approved for an RBC loan, the term for which the loan is available may not match the repayment period entered by you. Due to the foregoing, the payment schedule produced by the business loan calculator may differ from an actual payment schedule. Royal Bank of Canada does not make any express or implied warranties or representations with respect to any information or calculations in connection with this business loan calculator. Royal Bank of Canada will not be liable for any losses or damages arising from any errors or omissions in any information or calculations, or any action or decision made by you in reliance on any information or calculations.