Central Murray Credit Union Smsf Loan
Term loan
Term loan from Central Murray Credit Union, with rates from 5.10% a year.
- Interest rate a year, from
- 5.10%
- Establishment fee
- Not published
- Monthly fee
- Not published
- Borrow
- Not published
Monthly repayment
$100,000 over 1 year
What it would cost
At the lowest published rate of 5.10%. The rate you are offered depends on your business, and the establishment fee is not included.
- Monthly repayment
- $8,565
- Total repayments
- $102,784
- Interest
- $2,784
Loan details
Rates
- Interest rate (a year)
- 5.10%
- Rate type
- Fixed
- Security
- Not published
- Type of finance
- Term loan
Limits and fees
- Loan amount
- Not published
- Loan term
- Up to 1 year
- 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.
Comparison rate
6.82%
From 6.82%. A typical loan starts at 6.82%.
Longest term
1 year
3 years is the usual longest term.
Pros and cons
Pros
- One rate for everyone. Everyone approved gets 5.10%, 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
Nothing stands out.
Similar loans
Business loans of the same kind from other lenders that start at a similar interest rate.
- Interest rate from
- 5.22%
- Establishment fee
- Not published
- Interest rate from
- 6.49%
- Establishment fee
- $150
- Interest rate from
- 6.59%
- Establishment fee
- $5
