TOOLS

Free Business Loan Refinance ^Calculator

A free refinance calculator for business loans helps you quickly see if refinancing your loan could save you money by showing potential new monthly payments and interest costs. It's a handy tool to make smart financial decisions. Give it a try to find out if refinancing is right for your business!

Secure up to £500,000 in with Funding Agent.

Quick and easy application process
Loan disbursed within 24 hours
No additional charges for early repayment

How to use the refinance calculator

Enter your loan details

Add your remaining balance, your current monthly payment, then choose the new loan term in months and the new interest rate. This refinance calculator uses those inputs to model a realistic business loan refinance scenario, so you can see how a change in term or rate could affect repayments.

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Review your results instantly

As soon as you enter your numbers, the business loan refinance calculator shows your estimated new monthly payment, your monthly savings compared to your current loan, and your total savings over the full refinance term. Use these figures to quickly judge whether refinancing could improve cash flow or reduce the overall cost of borrowing.

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Adjust, compare, and use the refinance calculator to plan next steps

Change the loan term slider and interest rate to compare multiple refinance options and find a repayment that fits your budget. Once you have a scenario you like, save or copy the results to discuss with your accountant, broker, or lender, then continue with your refinance process when you are ready.

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^Benefits of using the free refinance calculator?

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Cost savings

Time-efficient calculations

Improved financial planning

Get Funding for your business

Generate offers

Traditional Bank Loan Refinancing

What are the types of free refinance business loan?

Refinancing a business loan through a traditional bank, often with no upfront fees if you have good credit.

What are the types of free refinance business loan?

Traditional banks may refinance your business loan at a lower rate with no up-front charge if you meet strict credit and business requirements. Closing and admin costs may still apply, but often no application fees.

SBA Loan Refinancing

Using a Small Business Administration (SBA) program to refinance existing business debt, sometimes with waived or minimal fees.

SBA Loan Refinancing

SBA 7(a) and 504 loan programs may let you refinance business debt with favorable rates. Occasionally, these programs offer promotions with reduced or waived fees for eligible small businesses.

Online Lender Refinancing

Online lenders offer fast business loan refinancing, sometimes waiving application or origination fees for qualifying borrowers.

Online Lender Refinancing

Many fintech and online lenders process loan refinancing with low or no application fees. They may offer promotions for 'free' refinancing, but rates and terms vary based on business profile.

What is an free refinance business loan?

Definition of Business Loan Refinancing

Business loan refinancing means taking out a new loan to pay off an existing business loan. The goal is usually to get better loan terms, such as lower interest rates or longer repayment periods, which can help lower monthly payments and overall costs for the business.

No-Cost or Free Refinance Offers

A 'free' or 'no-cost' refinance usually means a lender covers upfront costs like fees or closing costs, sometimes by offering a slightly higher interest rate or adding costs into the total loan balance. True 'free' refinancing for business loans is rare and typically involves some trade-offs.

Benefits and Common Requirements

The benefits of refinancing a business loan include lowering your interest rate, reducing monthly payments, and increasing cash flow. Common requirements for refinancing are a good credit score, stable business finances, and providing details about all debts to be refinanced.