The Capricornian Asset Equity Business Loan
Term loanSecured
Non-Residentially Secured Loan. Interest Rates available on application.
- Establishment fee
- $500
- Monthly fee
- $30
- 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
- Not published
- Establishment fee
- $500
- Monthly fee
- $30
How it compares
Against the other secured business loans we compare. Typical means the middle half of them.
Setup fee
$500
A typical setup fee is $500.
Monthly fee
$30
A typical monthly fee is $15.
Pros and cons
Pros
- Redraw. You can take back extra repayments later if you need the money.
- No early repayment fee listed. You can pay the loan off early, or refinance, without a penalty. Check the terms to be sure.
Cons
- A $30 monthly fee. That adds $1,800 over 5 years, as well as the interest.
- Secured against an asset. That usually keeps the rate down, but the lender can take the asset if you can't repay.
- A $5 late payment fee. Setting up automatic repayments avoids it.