Finty
Moula

Moula Business Loan

Term loan

Term loan from Moula, with rates from 15.99% a year.

Written byDavid Boyd
Interest rate a year, from
15.99%
Establishment fee
Not published
Monthly fee
Not published
Borrow
$10,000 to $500,000

Monthly repayment

$100,000 over 5 years

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What it would cost

At the lowest published rate of 15.99%. The rate you are offered depends on your business, and the establishment fee is not included.

Monthly repayment
$2,431
Total repayments
$145,876
Interest
$45,876

Loan details

Rates

Interest rate (a year)
15.99%
Rate type
Fixed
Security
Not published
Type of finance
Term loan

Limits and fees

Loan amount
$10,000 to $500,000
Loan term
Not published
Establishment fee
Not published
Monthly fee
Not published

How it compares

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

Cost of $20,000 over 5 years

$9,175

Interest and fees at its starting rate. Typical is $4,473.

Most you can borrow

$500,000

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

Pros and cons

Pros

  • One rate for everyone. Everyone approved gets 15.99%, so the rate you see is the rate you get.
  • A fixed rate. Your repayments stay the same for the whole loan, which makes it easier to budget.
  • Extra repayments. Paying more than the minimum pays the loan off sooner and cuts the interest you pay.

Cons

  • A lower limit. Up to $500,000, less than the typical $5,000,000, so it may not cover a larger purchase.
  • 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.