Finty
Angle Auto Finance

Angle Auto Finance GWM 0.88% H6 H6GT H7 3 Year Commercial

Term loan

Angle Auto Finance offer for GWM vehicles

Written byDavid Boyd
Interest rate a year, from
0.88%
Establishment fee
$599
Monthly fee
$20
Borrow
$5,000 to $250,000

Monthly repayment

$100,000 over 3 years

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What it would cost

At the lowest published rate of 0.88%, including the monthly fee. The rate you are offered depends on your business, and the establishment fee is not included.

Monthly repayment
$2,836
Total repayments
$102,082
Interest and monthly fees
$2,082

Loan details

Rates

Interest rate (a year)
0.88%
Rate type
Fixed
Security
Not published
Type of finance
Term loan

Limits and fees

Loan amount
$5,000 to $250,000
Loan term
Up to 3 years
Establishment fee
$599
Monthly fee
$20

How it compares

Against the other business loans we compare. Typical means the middle half of them.

Comparison rate

2.71%

From 2.71%. A typical loan starts at 6.82%.

Setup fee

$599

A typical setup fee is $26.

Monthly fee

$20

A typical monthly fee is $25.

Most you can borrow

$250,000

Typically you can borrow up to $5,000,000.

Longest term

3 years

3 years is the usual longest term.

Pros and cons

Pros

  • A lower starting rate. Its comparison rate starts at 2.71%, below the typical 6.82%, and the comparison rate counts the standard fees too, so it's a fair guide to a lower overall cost.
  • One rate for everyone. Everyone approved gets 0.88%, so the rate you see is the rate you get.
  • A fixed rate. Your repayments stay the same for the whole loan, which makes it easier to budget.

Cons

  • A higher setup fee. $599, above the typical $26. It's usually added to the loan, so you pay interest on it too.
  • A $20 monthly fee. That adds $1,200 over 5 years, as well as the interest.
  • A lower limit. Up to $250,000, less than the typical $5,000,000, so it may not cover a larger purchase.
  • An early repayment fee. Paying the loan off early or refinancing can cost a fee, which cuts into what you save by repaying sooner.
  • A $20 late payment fee. Setting up automatic repayments avoids it.

Similar loans

Business loans of the same kind from other lenders that start at a similar interest rate.