Business loan calculator
Estimate your loan repayments quickly with our business loan calculator – find the best financing solution for your business and understand how much you can borrow to meet your financial needs.
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 by way of example only and is not a prediction or financial advice. The information in 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. 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 Financing with Our Easy-to-Use Loan Calculator
Many loan calculators use average interest rates and terms to estimate repayments, which may only be accurate for some businesses. At Prospa, we recognise that every business is unique. Factors such as industry, years in business, cash flow, and creditworthiness all influence loan interest rates. So, instead of offering a standardised business loan quote, we take the time to understand your business to provide you with a loan estimate tailored to your specific situation.
Get started by completing our free, no-obligation loan application form below and we’ll reach out to you soon.
Small Business
Loan
Quick access to $5K – $150K to cover unexpected expenses or a one-off purchase.
- Fixed term up to 3 years with fixed rates
- Fast decision & funding possible in 24 hours
- No asset security required upfront to access Prospa funding up to $150K
- Minimum $6K monthly turnover and 12 months trading to apply
Business Loan
Plus
Larger loans above $150K and up to $500K to invest in your next business growth opportunity.
- Fixed term up to 5 years with fixed rates
- No credit checks to see if you are eligible
- Security may be required when accessing over $150K in Prospa funding
- Minimum $1M annual turnover and 3 years trading to apply
Line of Credit
Ongoing access to up to $500K to keep your business moving.
- Renewable 24 month term
- Fast decision and funding possible in 24 hours
- Only pay interest on what you use
- Access funds 24/7 with the Mobile App
- Minimum $6K monthly turnover and 12 months trading to apply
Why Prospa?
We’re New Zealand’s small business lending specialist.
Flexibility
Support
Confidence
Talk to a business lending specialist
Talk to a business lending specialist
Talk to a business lending specialist
Talk to a business lending specialist
Talk to a business lending specialist
Awards, thanks to your support
It's nice to know we're doing something right
| Year | Award | Category |
|---|---|---|
| 2023 | FINNIES Fintech Australia Awards | Winner, Excellence in Business Lending |
| 2023 | LinkedIn Talent Awards | Winner, Best Employer Brand |
| 2021 | FinanceAsia Achievement Awards | Winner, Most Innovative Deal |
| 2022 | New Zealand Mortgage Awards | Excellence Awardee, Best Non-Bank BDM |
| 2022 | New Zealand Mortgage Awards | Excellence Awardee, NZ Non-Bank of the Year |
