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Paying Off Your Business Loan

Use our Business Loan Calculator to work out the total cost of your business loan including monthly, fortnightly or weekly repayments.

My Loan Details
Extra Repayments

Repayment settings have limited the savings options available. An Interest only repayment type usually does not allow any extra repayments to be made.

Amount

$
Enter the amount you would like to borrow.

Loan Term

Years
How many years do you want to take to repay the loan?

Interest Rate

%
You can increase or decrease the interest rate to understand the affect on your repayments and total interest.

Repayment Frequency

Repayment Type

Extra Repayment Amount

$
Enter the extra amount you plan to make for every repayment

Repayment Frequency

Offset Account Amount

$
Enter the amount in the account you wish to use to offset your interest payments.

Lump Sum Amount

$
Enter the lump sum about you plan to make against the loan.

Lump Sum Year

Year
Enter the year you plan to make the lump sum payment.
  Interest saved  
  Time saved  

Regular Repayment

  / at    pa

Total Interest Payable

  over
Disclaimer

Calculator Disclaimer

The results from this calculator should be used as an indication only. Results do not represent either quotes or pre-qualifications for a loan or product. Results are based on information you have provided and does not take into account your personal circumstances. Using this calculator does not guarantee you will be eligible for a loan. You will need to satisfy your lender’s lending criteria. This calculator is not intended to be your sole source of information when making a financial decision. It is advised that you consult a professional financial advisor before taking out a loan.

Business Loan Tips

Budget Wisely

To understand how and where you spend your finances, it’s important to have a budget for your business. Take some time to sit down and go over your business finances and budget to ensure you keep your business and loan repayments on track.

Watch Your Credit Score

Keep up with good credit practices. Maintaining a good credit score puts you in a good position to gain easier access to additional funding for your business down the track. You’ll also have a greater choice of lenders and loan types.

Pay Back More

Increase your business loan repayments when you can. Many businesses experience seasonal fluctuations in sales, which can give you a major boost in cash flow. You should boost your repayments during these times.

Refinance the Loan

If you have multiple business loans, you should consider refinancing or consolidating these loans into one, affordable loan. With a good credit history and a successful business, you may be able to negotiate with your lender for a better deal.

How We Can Help

At Debt Rescue, we’re dedicated to finding the right solution to get you out of debt as fast as possible. We understand there’s a no one-size-fits-all solution to debt and that everyone’s needs are different, which is why we take the time to understand you, your finances, your debts and your situation to recommend the best solution moving forward.

If you’re finding it difficult to manage your business loan repayments, it’s best to be upfront and honest with your lender as soon as possible. Your lender may be able to assist you with a short-term break from repayments. If the situation is worse, Debt Rescue can help. Get in touch with our team for a free 30-minute consultation to understand your options.

"I finally have relief and feel I can get on track and start taking care of my finances in a different way. Thank you for all your help and for allowing me to stop stressing and know that it’s all been taken care of by this top team."

Our Services

Our professional team understands each person’s circumstances are different, which is why we offer a range of creditor agreement options under the Debt Management Plan. This ensures the outcome achieved for you is suitable and sustainable. A summary of our Debt Management options:

Debt Agreement

A Part 9 Debt Agreement is a legal and binding agreement with your creditors. A Debt Agreement outlines a new payment arrangement which will reduce your debts, pause your interest, reduce your payment amounts and generally last between 3 to 5 years.

Debtstroyer Agreement

A Debtstroyer Agreement (Informal Agreement) aims to reduce repayments and pause or reduce interest on your debts. It is a private arrangement directly between you and your creditors to ensure your debts are manageable based on your budget.

Debt Settlement

If you have access to a lump sum which is not sufficient to repay your outstanding debts in full, a Debt Settlement may help. It is designed to waiver or reduce debt amounts to allow final settlement with your creditors.

Agribusiness

An Agribusiness arrangement is a specific arrangement for those caught up in failed agribusiness loan schemes. It can take the form of a long-term payment arrangement or lump sum settlement, depending on your individual circumstances.

Moratorium

A Moratorium is a short term arrangement with creditors (secured or unsecured) which pauses or significantly reduces repayments and interest over a period of 3 to 12 months.

Loan Renegotiation

Loan Renegotiation is a renegotiation of current loan terms and conditions to reduce interest, increase the loan term with ultimate outcome being a reduction in the minimum loan repayments.

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