Your interest rate will be based on a review of your financial documents. Generally, higher risks and unsecured loans will have a higher interest rate.
Below are the estimated interest rates,
- Unsecured term loans from banks: 3% to 7% per annum.
- Asset-based financing: 2.2% to 3.5% per annum
- Trade Financing from banks: 4% to 6% per annum
- Property Financing: 2.2% to 6.5% per annum
- Non-bank loan provider: 8% to 48% per annum
Our team at Beacon is committed to sourcing for the lowest interest rates for your business.