The Finance Algorithm
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Asset Equity Business Loan

Non-Residentially Secured Loan. Interest Rates available on application.

Business loansBank updated 17 July 2026
Apply at The Capricornian ↗Product page ↗Fees and pricing ↗Terms ↗

At a glance

Pricing
Rates on application
Upfront fee
$500
Monthly fee
$5

Fees

13 fees published, grouped by when they're charged.

  1. When you take it outUp to $1,0004 fees, each listed below
  2. While you hold itUp to $504 fees, each listed below
  3. When you close it or pay it offNo fee published

When you take it out4

  • Establishment Fee - Loan value between $100,001 - $250,000

    Excludes solicitors costs in mortgage and security preparation, valuation/s and settlement fees.

    $800
  • Establishment Fee - Loan value between $20,000 - $100,000

    Excludes solicitors costs in mortgage and security preparation, valuation/s and settlement fees.

    $600
  • Establishment Fee - Loan value Greater than $250,000

    Excludes solicitors costs in mortgage and security preparation, valuation/s and settlement fees.

    $1,000
  • Establishment Fee - Loan value Under $20,000

    Excludes solicitors costs in mortgage and security preparation, valuation/s and settlement fees.

    $500

While you hold it4

  • Loan Service Fee - Loan value between $100,001 - $250,000
    $30 a month
  • Loan Service Fee - Loan value between $5,001 - $100,000
    $20 a month
  • Loan Service Fee - Loan value Greater than $250,000
    $50 a month
  • Loan Service Fee - Loan value Under $5,000
    $5 a month

When particular things happen5

  • Arrears Fees - 2nd and Subsequent Reminder Letter Fee

    Applies when you fail to make your contracted repayments by the repayment due date.

    $20
  • Arrears Fees - Default Notice Fee

    If you don’t make your payment after a period of time in arrears, you will be issued with a default notice.

    $40
  • Arrears Fees - Reminder call fee

    Applies when you fail to make your contracted repayments by the repayment due date.

    $5
  • Contract Variation & Consent Fee
    $400
  • Mortgage Discharge Fee

    This fee is payable in addition to solicitors fees, registration, searches and other third party fees that may apply.

    $300

Features

RedrawInstant paymentsPayIDDigital banking

Eligibility and limits

  • Minimum age 18
  • Residency: Individuals must be citizens or permanent residents of Australia.
  • You will need to become a member of the Credit Union before The Capricornian can accept a loan application.
  • Security : Business loans would require security in the form of residential property, commercial property, or other types of security. A guarantee will also be required by company directors for corpo…
  • Credit history - all borrowers, owners, directors and guarantors must have clear credit records. All statutory payments and ATO liabilities need to be up to date and not under arrangement

Published by The Capricornian under the Consumer Data Right, last changed by them on 17 July 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.