How is my interest rate determined?

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How is my interest rate determined?

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.

 

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