FINANCIAL CALCULATOR
365/360 Commercial Loan Calculator
Estimate interest using the 365/360 daily-interest convention commonly found in business lending.
ESTIMATED RESULTS
365/360 Loan Calculator
Interest for 30 days$3,125.00
Equivalent monthly installment$4,059.87
Daily interest amount$104.17
How this calculator works
Under a 365/360 convention, the annual rate is divided by 360 to calculate a daily rate, while interest accrues for actual days. This can produce more interest than a 365/365 convention at the same stated rate.
Illustrative estimates only. Results are not a financing quote, approval, commitment or financial advice. Actual lender calculations, day-count conventions, fees, rounding and documents may differ.