MANGO CREDIT INTEREST RATES

Disclaimer: These Mango Credit Interest Rates are accurate at the time of publishing in May 2021 and are subject to change. Please contact us to confirm the most accurate interest rates at the time of your application. The information contained on this webpage is general in nature and does not take into account your personal circumstances. 

MANGO CREDIT INTEREST RATES

Understanding how lenders utilise interest rates is important. When looking for a good deal on a loan service, you should choose to work with a finance provider that can offer workable loan options. This is because the interest rate placed on your loan product can highly affect your repayment.


A high interest rate will likely mean a high borrowing cost. Meaning, you would be paying a considerably high amount of money for your monthly or annual repayments. Meanwhile, if the interest rate is low, you’ll be paying a lower repayment.

Business Loans and Interest Rates

By definition, an interest rate is simply the amount the lender charges for the money you borrow. When you take out a business loan, you will pay the principal amount and the interest rate- the percentage amount from the principal. 


When it comes to choosing your business loan, Mango Credit offers several interest rate options.

Variable Interest Rate

A variable interest rate is the most common option for borrowers because of its changeable feature. Variable interest rate moves accordingly with the market. If the interest rate goes up, your minimum loan repayment also increases. On the other hand, if the interest rate goes down, your monthly repayment decreases.

Fixed-Rate Interest Rate

Unlike the variable interest rate which fluctuates with the market, the fixed-rate interest rate is not affected by the rise and fall in the cash rate. Under this option, your interest rate is locked for a certain period, usually from 1 to 5 years, but some lenders offer up to 10 years locked period. One advantage of this is that it protects the borrower from a sudden increase in the market’s interest rate.

Split Interest Rate

If you can’t decide between a variable or fixed rate interest rate, you can choose a split rate. With this, you will be able to benefit from both features of variable and fixed-rate interest rates. It allows you to have a portion of your business loan with a variable rate and the rest of your loan with a fixed rate.

How Can Mango Credit Help You?

Mango Credit offers the lowest interest rates, affordable fees and an efficient loan application process. Since 2001, we have been providing financial assistance to business owners through caveat, first mortgage, second mortgage and home equity business loans. 


We have been in the business for years delivering real results for startup owners, investors and established entrepreneurs. Our financial services provide a workable platform for easy application without the need for financial documents. 


Mango Credit also takes pride in our team of lending specialists who treat each client with high value, ensuring an open and transparent transaction every time. 


Do you need help with your loan application? Speak to us today.

Disclaimer: The interest rates of Mango Credit are precise at the time of publishing and are subject to change. To confirm the latest interest rates at the time of your application, don't hesitate to get in touch with us. All details written on this page are general in nature and do not consider any of your personal circumstances.