Finty
Central Murray Credit Union

Central Murray Credit Union Smsf Loan

Term loan

SMSF LOAN

Written byDavid Boyd

5.10%

interest rate a year, from

Establishment fee
Not published
Monthly fee
Not published
Borrow
Not published

Loan details

Rates

Interest rate (a year)
5.10%
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.

Comparison rate

6.82%

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

Cost of $20,000 over 5 years

$2,700

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

Pros and cons

Pros

  • One rate for everyone. Everyone approved gets 5.10%, so the rate you see is the rate you get.

Cons

  • 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.