Equipment Loan Calculator
Calculate monthly payments for business equipment financing
Loan Details
Typical: 6% - 15%
Extra Payments
Additional amount each month
Loan Summary
Loan Details
Financial Disclaimer
This calculator provides estimates for informational purposes only. Actual loan terms, rates, and payments may vary. This is not financial advice. Consult with a qualified financial advisor or lender for specific guidance. PayoffCalculator.io is not a lender and does not provide loans.
How to Use This Equipment Loan Calculator
Enter the equipment cost, down payment, interest rate, and loan term. The calculator shows your monthly payment and total financing cost. Compare different scenarios to optimize your decision.
Understanding Equipment Loan Loans
Equipment loans are secured by the equipment being purchased. Terms typically match the equipment's useful life. Rates depend on your business credit, equipment type, and the lender.
Tips for Getting the Best Equipment Loan Rate
Match the loan term to the equipment's useful life to avoid paying for equipment you no longer use. Consider Section 179 deductions for tax benefits. Get quotes from multiple lenders.
Frequently Asked Questions
Equipment loan rates typically range from 6% to 16% depending on credit, equipment type, and whether it's new or used. Strong borrowers may see rates at the lower end.