Calculate your repayments
Use Prospa’s business loan calculator to quickly calculate your loan repayments
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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 for illustrative purposes only and is not a prediction or financial advice. 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 4% to calculate repayments, which include principal, interest, and fees for the loan amount and loan term you input. For the Line of Credit calculator, a weekly service fee of 0.046% of the facility limit is included in the repayment calculation. 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.
Plan Your Business Growth with Our Loan Calculator
Quickly calculate your potential repayments, including principal, interest, and fees, for loans up to $500,000 with terms up to 5 years. Whether you’re looking to expand or manage cash flow, our calculator makes it easy to explore your options.
Prospa is committed to helping Kiwi businesses achieve their goals with fast, flexible funding. Try our loan calculator today and take the first step toward your business success.
One platform
A range of funding solutions
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Funds to cover cash flow or help you grow
Borrow from $5K up to $150K
Funding possible within hours
No upfront security
No need to put your house or other assets down as security to access up to $150K in Prospa funding.
Flexible repayments
Make unlimited extra repayments to save on interest and pay off your loan faster
Manage anytime, anywhere
Manage your cash flow on the go with the Prospa App or Prospa Online
Customers making it happen with a Prospa loan
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FAQs
Common questions answered
You can apply for a business loan with Prospa if you;
are a New Zealand Citizen (or Permanent Resident)
are over 18 years, own a New Zealand business (with a valid NZBN/IRD)
minimum trading history applies
The application process is quick and easy. Simply in 10 minutes and a dedicated business lending specialist will be in touch to guide you.
For the Prospa Small Business Loan ($5K to $150K) we can often provide a response in 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 in as little as one business day.
For the Prospa Plus Business Loan ($150K to $500K) we may be able to provide you with conditional pre-approval in around 6 hours. Once you have signed the pre-approval, turnaround times are around 2-3 days for final approval, however this may be quicker depending on the circumstances of each application. Some deals have been approved in 24 hours.
The fastest way is to make sure 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 will take a little longer.
Once your application is approved and we release the funds, 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.
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.
Protecting your information, and being clear about how we collect, use, exchange and protect your information, is of huge importance and a vital part of our relationship with you. View our Privacy Policy.
Yes. We use industry recognised encryption standards to protect your personal, sensitive and financial data and we’re ISO 27001 certified for our commitment to customer security and privacy. We use an advanced bank verification system link to instantly verify your bank account information online so we can provide a fast response.
