Business Term Loans

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The business loan calculator assumes: (i) a constant interest rate throughout the amortization period and (ii) that interest payments will be made monthly for both payment types (Principal Plus Interest or Blended). The calculations produced do not account for, among other things, the following factors that may impact amortization: (i) non-scheduled payment reductions such as lump sum payments, (ii) Business Loan Insurance Plan premium payments, (iii) leap years, (iv) maturities on dates other than payment due dates or (v) interest adjustments. Due to the foregoing, the amortization schedule produced by the business loan calculator may differ from an actual payment schedule.
The calculations and amortization schedule produced are: (i) based on the accuracy and completeness of the data you have entered, (ii) based on assumptions that are believed to be reasonable, and (iii) for estimation purposes only and should not be relied upon for specific financial or other advice. When you make your credit application, interest rates may have changed or may be different due to information contained in your application.
Royal Bank of Canada does not make any express or implied warranties or representations with respect to any information or calculations in connection with this business loan calculator. Royal Bank of Canada will not be liable for any losses or damages arising from any errors or omissions in any information or calculations, or any action or decision made by you in reliance on any information or calculations.

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Business Loan Insurance Plan is underwritten by RBC Life Insurance Company.

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The content of these pages is provided for informational purposes only and is not complete in detail. Coverage is optional and is governed by the terms and conditions of group creditor policies, 52000 for life and disability insurance and 53000 for critical illness insurance, underwritten by RBC Life Insurance Company and issued to Royal Bank of Canada. Please see the Business Loan Insurance Terms and Conditions and for Quebec residents, the Fact Sheet, Product Summary and Notice of Rescission.