Revolving credit facility · Method
How the revolving credit facility calculator works
Estimate interest and facility charges with a constant drawn balance, or compare the figures in a provider's quote.
What you enter
- Assumed credit limit
- For illustration, not an offered or approved limit.
- Amount drawn
- From zero to the credit limit; assumed constant throughout the term.
- Duration in days
- Whole days, 1–3,650; annual simple charges use days / 365.
- Annual interest on amount drawn
- Enter your assumption, from 0% to 100%; not an APR.
- Annual facility fee on full limit
- Enter zero explicitly if your assumed fee is zero.
- Annual charge on unused facility
- Enter zero explicitly if no unused charge is assumed.
- Fixed additional fees
- One-off charges for this scenario; enter zero if none is assumed.
Method and assumptions
Interest = drawn amount × annual interest × days / 365. Facility charge = full limit × annual facility percentage × days / 365.
Unused charge = (limit − draw) × annual unused percentage × days / 365. Fixed fees are added once. A zero draw can still have facility and unused charges.
The limit and draw stay constant. Compound interest, re-draws, repayment changes and cancellation or minimum fees are not modelled. Check the provider's review, repayment and redraw conditions before entering an agreement.
Status of these figures
Illustrative only, not a binding finance offer. Costs vary by lender and applicant; additional fees may apply and eligibility is subject to assessment. Ocean Capital Exchange is an introducer, not the lender. Approval, credit limits, security and redraw conditions are subject to the provider's assessment and agreement.
Not every commercial finance product is regulated, and regulatory treatment varies by product, provider and borrower. Ocean Capital Exchange introduces businesses to third-party providers and is not a lender.
Questions about this calculator
Can an undrawn revolving facility still cost money?
Yes. Full-limit facility fees and unused-limit charges can apply even when the drawn amount is zero. Enter the charges from your actual terms or assumptions.
Does this calculator approve a credit limit?
No. Ocean introduces businesses to third-party providers. The provider assesses the application and decides the limit, pricing, security and conditions. Calculator results are illustrations, not approval or a provider quotation.
Independent background reading
These independent sources explain general concepts. They do not endorse Ocean Capital Exchange or confirm our providers, product availability or terms. Your provider’s agreement takes precedence over an illustration.