Finty
ANZ

ANZ Business Loan

Term loan

With a choice of repayment options, our Business Loan lets you handpick the solutions that suit your business best

Written byDavid Boyd
Interest rate a year, from
12.99%
Establishment fee
Not published
Monthly fee
Not published
Borrow
$10,000 to $500,000

Monthly repayment

$100,000 over 3 years

Apply now

What it would cost

At the lowest published rate of 12.99%. The rate you are offered depends on your business, and the establishment fee is not included.

Monthly repayment
$3,369
Total repayments
$121,281
Interest
$21,281

Loan details

Rates

Interest rate (a year)
12.99%
Rate type
Fixed or Variable
Security
Not published
Type of finance
Term loan

Limits and fees

Loan amount
$10,000 to $500,000
Loan term
1 year to 3 years
Establishment fee
Not published
Monthly fee
Not published

How it compares

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

Most you can borrow

$500,000

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

Longest term

3 years

3 years is the usual longest term.

Pros and cons

Pros

  • One rate for everyone. Everyone approved gets 12.99%, so the rate you see is the rate you get.
  • Extra repayments. Paying more than the minimum pays the loan off sooner and cuts the interest you pay.

Cons

  • A lower limit. Up to $500,000, 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 $35 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.