Finty

Bank of Sydney Commercial Loan

Term loan

Buy a new office space or invest in property for your business, with our Commercial Loan.

Written byDavid Boyd
Interest rate a year, from
13.68%
Establishment fee
Not published
Monthly fee
Not published
Borrow
Not published

Monthly repayment

$100,000 over 5 years

Apply now

What it would cost

At the lowest published rate of 13.68%. The rate you are offered depends on your business, and the establishment fee is not included.

Monthly repayment
$2,310
Total repayments
$138,616
Interest
$38,616

Loan details

Rates

Interest rate (a year)
13.68%–14.43%
Rate type
Variable
Security
Not published
Type of finance
Term loan

Limits and fees

Loan amount
Not published
Loan term
Not published
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.

Cost of $20,000 over 5 years

$7,723

Interest and fees at its starting rate. Typical is $4,473.

Pros and cons

Pros

  • Redraw. You can take back extra repayments later if you need the money.
  • No early repayment fee listed. You can pay the loan off early, or refinance, without a penalty. Check the terms to be sure.

Cons

  • Your rate isn't known until you apply. It's set by your credit history and finances, anywhere from 13.68% to 14.43%, and only some people get the starting rate.
  • A variable rate. Your repayments can rise if the lender lifts its rate, though they can also fall.

Similar loans

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