Unsecured Business Loan Calculator
Unsecured loans rely on your business's trading performance rather than asset security. Rates are typically higher than secured products. Use the calculator below to estimate repayments.
Your inputs
Estimated cost
Monthly repayment
£8,411.45
Total interest
£52,812
Total repayable
£302,812
Assumptions used in this calculator
- Fixed-rate amortising repayment assumed.
- Most unsecured lenders require a personal guarantee from directors.
- Excludes arrangement and broker fees.
Calculator questions
Why is an unsecured loan more expensive than secured?
Lenders take on more risk when there's no asset securing the facility, so rates and fees are typically higher to compensate.
How long do unsecured loans take to fund?
Many fintech lenders can approve and pay out within 24-72 hours once a complete application is received.
How to get unsecured business loan through Spark Finance
- 1
Complete the free calculator above to understand your estimated monthly repayment.
- 2
Click 'Check your eligibility' to start your full application in under five minutes.
- 3
Spark Finance approaches multiple lenders and presents you with competing offers to compare.
- 4
Accept your preferred offer and funds are typically released within 24-72 hours.
