Finty
MA Money Financial Services

MA Money Financial Services Commercial Loan – Prime Large (>$4m to $8m)

Commercial propertySecured

MA Money Prime commercial mortgage for loan amounts above $4m to $8m, available under Full Documentation and Alternative Documentation pathways.

Written byDavid Boyd
Interest rate a year, from
8.79%
Establishment fee
$899
Monthly fee
$25
Borrow
$4,000,001 to $6,000,000

Monthly repayment

$4,000,001 over 5 years

Apply now

What it would cost

At the lowest published rate of 8.79%, including the monthly fee. The rate you are offered depends on your business, and the establishment fee is not included.

Monthly repayment
$82,651
Total repayments
$4,959,081
Interest and monthly fees
$959,080

Loan details

Rates

Interest rate (a year)
8.79%–9.54%
Rate type
Variable
Security
Secured
Type of finance
Commercial property

Limits and fees

Loan amount
$4,000,001 to $6,000,000
Loan term
Not published
Establishment fee
$899
Monthly fee
$25

How it compares

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

Setup fee

$899

A typical setup fee is $700.

Monthly fee

$25

A typical monthly fee is $15.

Most you can borrow

$6,000,000

Typically you can borrow up to $2,250,000.

Pros and cons

Pros

  • Room to borrow more. Up to $6,000,000, more than the typical $2,250,000, which can cover bigger costs in one loan.
  • Redraw. You can take back extra repayments later if you need the money.

Cons

  • Your rate isn't known until you apply. It's set by your credit history and finances, anywhere from 8.79% to 9.54%, and only some people get the starting rate.
  • 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.
  • Secured against an asset. That usually keeps the rate down, but the lender can take the asset if you can't repay.
  • An early repayment fee. Paying the loan off early or refinancing can cost a fee, which cuts into what you save by repaying sooner.

Similar loans

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