Rates

Mango Credit Interest Rates

Current Mango Credit Interest Rates

Bridging Loan: From 1% p.m.

Business Loan: From 1% p.m.

What is an Interest Rate?

An interest rate is an amount charged by lenders on the loans that they offer. Technically, it is a percentage charged on the loan’s principal or the borrowed amount. The interest rate dramatically affects the overall cost of a borrowing money. This is why shopping for loans with lower interest rates has become a common practice for many borrowers.

Interest rates are also regarded as either the cost when borrowing money or the reward when saving money. Banks provide loans or allow borrowers to borrow money from them in exchange for interest payments. On the other hand, depositors deposit their money with banks, and banks then use the deposits for various purposes, including to fund other loans. As a reward for depositing money with a bank, the bank pays the depositor interests for the money they saved. The interest rates obtained by banks from loans are higher compared to the amount the banks pay to the depositor. The difference becomes one of the bank’s sources of profit.

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.

Mango Credit is a leading private, non-bank lender in Australia. Over the years, Mango Credit has helped thousands of Australian business and individuals secure the loans that they need, and in many circumstances, where traditional lenders were not prepared to lend. Mango Credit’s interest rates are primarily based on the borrower’s credit history and the loan security being offered. Mango Credit is also known for providing loans that help bad credit holders get out of a bind and help fix their credit score.

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.

Call us at (02) 9555 7073fill out this form to submit your enquiry, or start an online application today.

 

 

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.

Mango Credit is a leading private, non-bank lender in Australia. Over the years, Mango Credit has helped thousands of Australian business and individuals secure the loans that they need, and in many circumstances, where traditional lenders were not prepared to lend. Mango Credit’s interest rates are primarily based on the borrower’s credit history and the loan security being offered. Mango Credit is also known for providing loans that help bad credit holders get out of a bind and help fix their credit score.

Mango Credit is known for assisting borrowers in obtaining what they need through the following:

  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. 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.