Monthly rate or annual rate
All business loans are not presented with annual interest, but both monthly interest and fixed fees are present. To convert a monthly interest rate into annual interest, and vice versa, you take the interest rate and multiply or divide it by twelve.
Fixed-fee loans
For a fixed-fee loan, the cost of the loan will not decrease as you amortize. In theory, these loans therefore become more expensive over time. If you want to count the total cost of a loan with a fixed fee instead of interest, you can enter zero as the interest rate in the calculation and then enter the fixed cost under the fee.
Read more about how different business loans can differ in The Financing Guide.
How we calculated
In Sweden, there are usually around 250—255 working days and approximately 47—50 working weeks in a year, depending on the day of the week holidays fall on. The calculation takes this into account and counts 252 working days and 48 working weeks.
Note that this is just a calculation. To see your exact price, you need to make an application.