Finty
Mortgage Ezy

Mortgage Ezy Propel Commercial SMSF

Commercial propertySecured

Mortgage Ezy Propel Commercial SMSF mortgage for eligible Self Managed Superannuation Funds purchasing or refinancing commercial property.

Written byDavid Boyd
Interest rate a year, from
7.59%
Establishment fee
None
Monthly fee
$25
Borrow
$100,000 to $2,000,000

Monthly repayment

$100,000 over 5 years

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What it would cost

At the lowest published rate of 7.59%, including the monthly fee. The rate you are offered depends on your business, and the establishment fee is not included.

Monthly repayment
$2,033
Total repayments
$121,984
Interest and monthly fees
$21,984

Loan details

Rates

Interest rate (a year)
7.59%–8.99%
Rate type
Variable
Security
Secured
Type of finance
Commercial property

Limits and fees

Loan amount
$100,000 to $2,000,000
Loan term
Not published
Establishment fee
None
Monthly fee
$25

How it compares

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

Setup fee

None

A typical setup fee is $700.

Monthly fee

$25

A typical monthly fee is $15.

Most you can borrow

$2,000,000

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

Pros and cons

Pros

  • No setup fee. Nothing is added to the loan on day one, so you only pay interest on what you borrow.
  • 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 7.59% to 8.99%, 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.

Similar loans

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