Finty
Judo Bank

Judo Bank Business Loan

Term loan

Need funding that's flexible and repayable over time? Our Judo Bank business loan provides options to support growth or investment in your business.

Written byDavid Boyd
Interest rate a year, from
5.22%
Establishment fee
Not published
Monthly fee
$25
Borrow
$250,000 to $20,000,000

Monthly repayment

$250,000 over 5 years

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What it would cost

At the lowest published rate of 5.22%, including the monthly fee. The rate you are offered depends on your business, and the establishment fee is not included.

Monthly repayment
$4,768
Total repayments
$286,083
Interest and monthly fees
$36,083

Loan details

Rates

Interest rate (a year)
5.22%
Rate type
Variable
Security
Not published
Type of finance
Term loan

Limits and fees

Loan amount
$250,000 to $20,000,000
Loan term
Not published
Establishment fee
Not published
Monthly fee
$25

How it compares

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

Monthly fee

$25

A typical monthly fee is $25.

Most you can borrow

$20,000,000

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

Pros and cons

Pros

  • One rate for everyone. Everyone approved gets 5.22%, so the rate you see is the rate you get.
  • Room to borrow more. Up to $20,000,000, more than the typical $5,000,000, which can cover bigger costs in one loan.
  • No early repayment fee listed. You can pay the loan off early, or refinance, without a penalty. Check the terms to be sure.

Cons

  • A $25 monthly fee. That adds $1,500 over 5 years, as well as the interest.
  • 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.