Government-backed scheme repayment estimates

Start Up Loan calculator

Calculate monthly repayments for the government-backed UK Start Up Loans scheme. The tool uses the 7.5% fixed annual interest rate applying to new successful applications from 6 April 2026.

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Free to use · No credit search · GBP estimates

Match the requested amount to a realistic start-up budget.

Your illustrative estimate

Monthly repayment

£200.38

60 monthly payments. Final instalment may differ.

Loan amount: £10,000.00
Total interest: £2,022.77
Upfront fees: £0.00
Total paid, including fees: £12,022.77
Final monthly payment: £200.38

No application or credit search. No personal details needed. Estimates assume on-time payments and an unchanged rate; lender rounding, daily interest and contractual fees can differ.

Compare loan terms

Same amount and rate. Entered fees stay the same.

Illustrative comparison of repayment costs
Scenario	Monthly payment	Interest	Total incl. fees	End balance
48 months	£241.79	£1,605.87	£11,605.87	£0.00
60 months	£200.38	£2,022.77	£12,022.77	£0.00

View the full monthly repayment schedule

Upfront fees are separate from the monthly rows. Any final capital or accrued-interest balance is payable in addition to the last monthly payment.

Monthly opening balance, payment, interest, capital repaid and closing balance in GBP
Month	Opening balance	Payment	Interest	Capital repaid	Closing balance
1	£10,000.00	£200.38	£62.50	£137.88	£9,862.12
2	£9,862.12	£200.38	£61.64	£138.74	£9,723.38
3	£9,723.38	£200.38	£60.77	£139.61	£9,583.77
4	£9,583.77	£200.38	£59.90	£140.48	£9,443.29
5	£9,443.29	£200.38	£59.02	£141.36	£9,301.93
6	£9,301.93	£200.38	£58.14	£142.24	£9,159.69
7	£9,159.69	£200.38	£57.25	£143.13	£9,016.56
8	£9,016.56	£200.38	£56.35	£144.03	£8,872.53
9	£8,872.53	£200.38	£55.45	£144.93	£8,727.61
10	£8,727.61	£200.38	£54.55	£145.83	£8,581.77
11	£8,581.77	£200.38	£53.64	£146.74	£8,435.03
12	£8,435.03	£200.38	£52.72	£147.66	£8,287.37
13	£8,287.37	£200.38	£51.80	£148.58	£8,138.79
14	£8,138.79	£200.38	£50.87	£149.51	£7,989.27
15	£7,989.27	£200.38	£49.93	£150.45	£7,838.83
16	£7,838.83	£200.38	£48.99	£151.39	£7,687.44
17	£7,687.44	£200.38	£48.05	£152.33	£7,535.11
18	£7,535.11	£200.38	£47.09	£153.29	£7,381.82
19	£7,381.82	£200.38	£46.14	£154.24	£7,227.58
20	£7,227.58	£200.38	£45.17	£155.21	£7,072.37
21	£7,072.37	£200.38	£44.20	£156.18	£6,916.19
22	£6,916.19	£200.38	£43.23	£157.15	£6,759.04
23	£6,759.04	£200.38	£42.24	£158.14	£6,600.91
24	£6,600.91	£200.38	£41.26	£159.12	£6,441.78
25	£6,441.78	£200.38	£40.26	£160.12	£6,281.66
26	£6,281.66	£200.38	£39.26	£161.12	£6,120.54
27	£6,120.54	£200.38	£38.25	£162.13	£5,958.42
28	£5,958.42	£200.38	£37.24	£163.14	£5,795.28
29	£5,795.28	£200.38	£36.22	£164.16	£5,631.12
30	£5,631.12	£200.38	£35.19	£165.18	£5,465.94
31	£5,465.94	£200.38	£34.16	£166.22	£5,299.72
32	£5,299.72	£200.38	£33.12	£167.26	£5,132.46
33	£5,132.46	£200.38	£32.08	£168.30	£4,964.16
34	£4,964.16	£200.38	£31.03	£169.35	£4,794.81
35	£4,794.81	£200.38	£29.97	£170.41	£4,624.39
36	£4,624.39	£200.38	£28.90	£171.48	£4,452.92
37	£4,452.92	£200.38	£27.83	£172.55	£4,280.37
38	£4,280.37	£200.38	£26.75	£173.63	£4,106.74
39	£4,106.74	£200.38	£25.67	£174.71	£3,932.03
40	£3,932.03	£200.38	£24.58	£175.80	£3,756.23
41	£3,756.23	£200.38	£23.48	£176.90	£3,579.32
42	£3,579.32	£200.38	£22.37	£178.01	£3,401.31
43	£3,401.31	£200.38	£21.26	£179.12	£3,222.19
44	£3,222.19	£200.38	£20.14	£180.24	£3,041.95
45	£3,041.95	£200.38	£19.01	£181.37	£2,860.58
46	£2,860.58	£200.38	£17.88	£182.50	£2,678.08
47	£2,678.08	£200.38	£16.74	£183.64	£2,494.44
48	£2,494.44	£200.38	£15.59	£184.79	£2,309.65
49	£2,309.65	£200.38	£14.44	£185.94	£2,123.71
50	£2,123.71	£200.38	£13.27	£187.11	£1,936.60
51	£1,936.60	£200.38	£12.10	£188.28	£1,748.33
52	£1,748.33	£200.38	£10.93	£189.45	£1,558.87
53	£1,558.87	£200.38	£9.74	£190.64	£1,368.24
54	£1,368.24	£200.38	£8.55	£191.83	£1,176.41
55	£1,176.41	£200.38	£7.35	£193.03	£983.38
56	£983.38	£200.38	£6.15	£194.23	£789.15
57	£789.15	£200.38	£4.93	£195.45	£593.70
58	£593.70	£200.38	£3.71	£196.67	£397.03
59	£397.03	£200.38	£2.48	£197.90	£199.13
60	£199.13	£200.38	£1.24	£199.13	£0.00

Current Start Up Loans rate and term

The government-backed scheme offers loans from £500 to £25,000 with repayment terms of one to five years. New successful applications from 6 April 2026 use a fixed annual interest rate of 7.5%. There is no application fee or early-repayment fee under the scheme. These details were checked against GOV.UK and Start Up Loans on 11 October 2026.

This tool fixes the rate at 7.5%, keeps fees at zero and limits the amount and term to those scheme parameters. A £10,000 loan over five years at that nominal annual rate gives an estimated monthly repayment of £200.38. Existing loans agreed at an earlier rate should be modelled with their own agreement using the general business calculator.

A personal loan for business purposes

A Start Up Loan is a personal loan taken out in your own name for business purposes. It is not a grant and not a loan owed only by the limited company. You remain responsible for the repayments under the agreement.

Assess the payment against both business forecasts and your personal living costs. A launch can take longer than expected to produce income, so a business plan that covers normal trading does not automatically show that household repayments are affordable.

Plan the amount you need

List launch costs separately from ongoing working capital: equipment, initial stock, premises, marketing and a cash buffer can have different timing. Choose a loan amount based on that budget, then compare terms to understand the trade-off between monthly cash pressure and total interest.

Approval is subject to the scheme's eligibility requirements, credit checks and affordability assessment. Using this independent calculator does not start an application. Visit the official scheme for full criteria and an application; Business Loan Options does not administer the Start Up Loans scheme.

Allow for your personal living costs during the launch period.
Avoid treating forecast sales as guaranteed cash receipts.
Prepare a business plan and cash-flow forecast.
Use the official scheme to confirm eligibility and terms.

Café founder checking a clipboard beside coffee equipment and delivery boxes — Launch equipment and working capital can have different funding needs.

Business founder reviewing bills at a kitchen table with a calculator — Start Up Loans are personal loans, so household affordability matters too.

Common questions

Before you compare finance

Why does this calculator use 7.5% rather than 6%?

The rate for new successful applications changed to 7.5% from 6 April 2026. Loans already agreed retain their contracted fixed rate. Check your loan documents rather than changing an existing agreement's rate.

Is a government-backed Start Up Loan a grant?

No. It is a repayable personal loan for business purposes. Government backing does not remove your repayment obligation.

Can I apply through this calculator?

No. It is an independent estimate. The official Start Up Loans website provides scheme information and the application route. Other business finance can be explored through the site's separate funding enquiry.

Sources and calculation assumptions

Reviewed 11 October 2026. Independent educational tool; calculations are estimates, not a finance offer or affordability assessment. Annual-rate tools use a nominal rate divided by 12. The bridging tool uses the entered monthly rate. All fees are paid upfront. No payment holidays, taxes, insurance or default charges are included.

Your next step

Check the official scheme or explore other funding

Use the official Start Up Loans application route for the government-backed scheme. Our funding enquiry is a separate route to discuss other business finance.

Official Start Up Loans website ↗Explore other funding options →

Calculate the cost