Contact Mango Credit: Lending Specialists for interest rates
Have questions about short-term loans or property-backed finance? Our team is here to help borrowers and brokers get fast, flexible funding solutions.
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Current Mango Credit
Interest Rates
Bridging Loan
From 1.20% p.m.
For first mortgages
Business Loan
From 1.20% p.m.
For first mortgages
From 1.50% p.m.
For second mortgages / caveates
From 1.50% p.m.
For second mortgages / caveates
What is an Interest Rate?
KNOW MORE
We know it can be hard to obtain finance from other lenders, we are happy to assess your application regardless if you have a good or bad credit history. Let Mango Credit provide you with loans designed to best suit your needs.
Mango Credit Interest Rates
The interest rate is an essential component of a loan. The rates are influenced by many different factors like the borrower’s credit score and the capacity to make interest payments, and the lender’s willingness to take on the perceived risks when they offer loans. Most traditional lenders, such as banks, will only cater to borrowers with ‘good’ credit. Conversely, if you’re deemed a ‘bad’ credit holder due to a default, for instance, you will often have limited options on where you can secure financing. As a result of this, many bad credit holders are having a hard time getting out of a bind.
See What Our Sydney Clients Are Saying
Mango Credit is known for assisting borrowers in obtaining what they need through the following:
Positive Impact
Mango Credit has been a champion in the financial industry in Australia. For years, Mango Credit has proven its commitment to positively impacting its clients’ business and personal lives. Mango Credit does this by providing financing that comes with competitive interest rates with fast and easy access to short term loans, with quick approvals and settlements.
Transparent loans
Mango Credit has always been committed to providing transparent loans. In fact, it is Mango Credit’s mission to provide transparency in all aspects of its dealings. Mango Credit is made up of a team of financial experts trained to ensure that every borrower is informed of the crucial loan details to ensure that they are comfortable and more importantly aware of the journey ahead.
Suitable financing options
Mango Credit conducts an individual assessment of each loan application to ensure the most suitable financing option is provided, based on the individual’s circumstances. This also includes undertaking the appropriate unsuitability assessments where a loan is regulated by the National Credit Code and is being advanced by Mango Mortgages.
Fairness
Fairness is one of Mango Credit’s essential core values. Since day one, the Mango Credit has been providing quick access to funding to help clients meet a variety of personal and business needs. Mango Credit interest rates are fair and reasonable, with all fees disclosed upfront.
Willing to help
Mango Credit not only provides loans with competitive interest rates to its clients, it also provides opportunities to those who need financing to further their business or personal goals.
Loan Type Summary
For those of us who love the detail. This section is for you. Mango Credit Australia’ & Mango Mortgages’ personal bridging loans and short term business loans are secured most often by a caveat (an unregistered second mortgage) behind an existing bank mortgage. Here is a summary of what they are, and where we can help:
Caveat loans
Caveat loans are also known as “unregistered second mortgages” or “equitable mortgages”. A caveat loan allows you to obtain funding quickly with the use of an existing property that you are paying off as security.
second mortgages
A second mortgage is a second lien, or secondary registered interest on a property, which uses the equity in your real estate as security for another or second loan (meaning you’ll have two mortgages on your home).
first mortgages
A first mortgage is a first registered interest by a lender or bank over real estate. This generally has priority over all other liens or claims on a property in the event of default or sale, apart from land tax and some other exceptions.
HOME EQUITY LOANS
These facilities are also known as Home Equity Loans when an owner occupier’s principal place of residence is used as security. They are known as Equity Loans when any other type of real estate is used, other than your house.