Angle Finance Chattel Mortgage
Chattel mortgageSecured
Commercial Asset Finance - Chattel Mortgage
- Establishment fee
- Not published
- Monthly fee
- Not published
- Borrow
- $10,000 to $2,000,000
Interest rate a year, from
Not published
Loan details
Rates
- Interest rate (a year)
- On application
- Rate type
- Not published
- Security
- Secured
- Type of finance
- Chattel mortgage
Limits and fees
- Loan amount
- $10,000 to $2,000,000
- Loan term
- Up to 6 years
- Establishment fee
- Not published
- Monthly fee
- Not published
How it compares
Against the other secured business loans we compare. Typical means the middle half of them.
Most you can borrow
$2,000,000
Typically you can borrow up to $200,000.
Longest term
6 years
5 years is the usual longest term.
Pros and cons
Pros
- Room to borrow more. Up to $2,000,000, more than the typical $200,000, which can cover bigger costs in one loan.
Cons
- Secured against an asset. That usually keeps the rate down, but the lender can take the asset if you can't repay.