It is extremely important to calculate your monthly repayment and to see if you are able to afford it. Use our calculator to help you evaluate your options.
A business term loan is the most common type of financing that allows businesses to obtain financing without the need of any collateral. They can be used for pretty much any business need from working capital to purchasing of new equipment.
As the name suggests, a business term loan is a lump sum loan that is provided at the start and repaid over a pre-determined period of time (3 months - 5 years) with a fixed monthly instalment.
Depending on your credit quality, your interest rate might differ. For most banks, interest rates fall between 5.5% to 11% p.a, while alternative lenders start at 1-3% per month. Do note that loans typically come with a processing fee of about 1-5%.
We have a dedicated team that will walk you through your entire loan process and help you do the market research you need.
Be ready to be spoilt for choice when we help you compare the best deals across all banks and non-banks so you only get the lowest interest rate and the highest cash out amount. Our rates are same as what the banks can offer or even better.
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