Finty
Mortgage Choice Amplify

Mortgage Choice Amplify Commercial Property Loan

Commercial property

Commercial property from Mortgage Choice Amplify, with rates from 7.99% a year.

Written byDavid Boyd
Interest rate a year, from
7.99%
Establishment fee
$525
Monthly fee
$15
Borrow
$100,000 to $3,000,000

Monthly repayment

$100,000 over 5 years

Apply now

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
$2,042
Total repayments
$122,530
Interest and monthly fees
$22,530

Loan details

Rates

Interest rate (a year)
7.99%–8.89%
Rate type
Variable
Security
Not published
Type of finance
Commercial property

Limits and fees

Loan amount
$100,000 to $3,000,000
Loan term
Not published
Establishment fee
$525
Monthly fee
$15

How it compares

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

Comparison rate

8.26%

From 8.26%. A typical loan starts at 8.28%.

Setup fee

$525

A typical setup fee is $750.

Monthly fee

$15

A typical monthly fee is $15.

Most you can borrow

$3,000,000

Typically you can borrow up to $4,000,000.

Pros and cons

Pros

  • Extra repayments. Paying more than the minimum pays the loan off sooner and cuts the interest you pay.
  • 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 7.99% to 8.89%, and only some people get the starting rate.
  • A $15 monthly fee. That adds $900 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.
  • 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.