Finty
Mortgage Ezy

Mortgage Ezy Propel Commercial

Commercial propertySecured

Mortgage Ezy Propel Commercial mortgage for predominantly business-purpose lending, available under Full Documentation and Alternative Documentation pathways.

Written byDavid Boyd
Interest rate a year, from
7.99%
Establishment fee
$899
Monthly fee
$25
Borrow
$100,000 to $2,500,000

Monthly repayment

$100,000 over 5 years

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What it would cost

At the lowest published rate of 7.99%, including the monthly fee. The rate you are offered depends on your business, and the establishment fee is not included.

Monthly repayment
$2,052
Total repayments
$123,130
Interest and monthly fees
$23,130

Loan details

Rates

Interest rate (a year)
7.99%–8.79%
Rate type
Variable
Security
Secured
Type of finance
Commercial property

Limits and fees

Loan amount
$100,000 to $2,500,000
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

$2,500,000

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

Pros and cons

Pros

Nothing stands out.

Cons

  • Your rate isn't known until you apply. It's set by your credit history and finances, anywhere from 7.99% to 8.79%, 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.