SWSbank Commercial Secured Loans
Term loanSecured
Term loan from SWSbank.
- Establishment fee
- Not published
- Monthly fee
- Not published
- Borrow
- Not published
Interest rate a year, from
Not published
Loan details
Rates
- Interest rate (a year)
- On application
- Rate type
- Not published
- Security
- Secured
- Type of finance
- Term loan
Limits and fees
- Loan amount
- Not published
- Loan term
- Up to 5 years
- Establishment fee
- Not published
- Monthly fee
- Not published
How it compares
Against the other secured business loans we compare. Typical means the middle half of them.
Longest term
5 years
3 years is the usual longest term.
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
- Secured against an asset. That usually keeps the rate down, but the lender can take the asset if you can't repay.