* Total Interest Percentage of 7.58% on a 7 month loan equates to an annual percentage rate of 24.93%
+ Fixed Rate pricing is available to qualifying SMEs.
Example cost: Minimum total repayments over 30 weeks on a $20,000 loan is $21,631.80, for an average APR of 24.93%. The business loan cost example is based on the following business scenario;
4 years in business (or 2 years in business for asset backed directors) $20,000 in monthly sales, healthy credit, 100% business purpose.
Full disclosure of all fees is available here - http://businessloans.com.au/fees-guide/
1. Pricing example includes 1.5% Drawdown Fee that may be deducted from the Loan Amount at the time of funding. Additional fees and charges may apply to accounts in default and in arrears. See our Fees Guide.
2. Total Interest Percentage calculates the total amount of interest you pay as a percentage of your loan amount. This rate excludes any fees. Total Interest Percentage on a 7 month loan equates to an annual percentage rate of 24.93%.
3. The information in the above table does not represent an offer from Business Loans and is for illustrative purposes only. All loans require an Application submitted to BusinessLoans.com.au in a form acceptable to BusinessLoans.com.au and are subject to meeting the Business Loans lending criteria.