Business Loans

Looking for a loan to grow your business – without an interest rate that'll cripple it? Mozo compares over 40 business loans from leading bank and non-bank lenders to help you find the best loan at the lowest rate for your business needs.

Sponsored Deal

Get matched to a tailored business funding solution

Get matched to a tailored business funding solution. Loans from $5,000 to $500k. Minimum 6 months business trading and $10,000 per month in sales. Quick and easy online application - Free!

Page last updated February 23, 2019

Business loan comparisons on Mozo - rates updated dailyMozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.

Showing 10 results

  • Business Loan

    Say goodbye to lengthy applications with online lender Moula. With a speedy 10 minute application process and potential funding within 24 hours, Moula can help you meet your businesses inventory or cash flow needs without the fuss.

    from 1.00% per fortnight

    $0.00

    24 Hours

    • Loan

    • Unsecured

    • $5,000

    • $250,000

    • 6 months

    • 2 years

    • 6 months

    • $60,000

    • 10 Minutes

    • 24 Hours

    • 24 Hours

    • $0.00

    • $0.00

    • $0.00

    • $0.00

    • $0.00

    • -

    • yes

    • Fortnightly

    • Principal & Interest

    • yes

    • -

    • -

    Details Close

  • Business Vehicle & Equipment Finance

    Give monthly fees a miss by financing your new vehicle or equipment purchase with a business loan from NAB. Apply online for competitive fixed rates starting from 5.49% and an instant decision on your application.

    5.49% p.a. fixed

    $500

    Varies

    • Loan

    • Secured

    • $20,000

    • $250,000

    • -

    • -

    • Varies

    • Varies

    • Varies

    • Varies

    • Varies

    • $500

    • No Ongoing Fees

    • $0.00

    • not disclosed

    • 0

    • -

    • no

    • Monthly

    • Principal & Interest

    • no

    • -

    • -

    Details Close

  • Short Term Business Loan

    Ondeck makes it easy for established businesses to apply for unsecured business loans between $10k-$250k with an easy to use online lending platform and 10 minute application process.

    On Application

    $0.00

    from 24 Hours

    • Loan

    • Unsecured

    • $10,000

    • $250,000

    • 6 months

    • 2 years

    • 1 year

    • $100,000

    • 10 Minutes

    • from 24 Hours

    • from 24 Hours

    • $0.00

    • $0.00

    • $0.00

    • $0.00

    • $0.00

    • -

    • No

    • Daily, Weekly

    • Principal & Interest

    • Eligible to apply for renewal after 50% paid down

    • -

    • Minimum $100k turnover and 1 Year in Business.

    Details Close

  • QuickBiz Loan

    A low fee unsecured business loan with a competitive 12.59% fixed rate, the NAB QuickBiz Loan lives up to its name with funding from $5k - $100k available for businesses in as little as one day for successful applicants.

    12.95% p.a. fixed

    No Upfront Fees

    Varies

    • Loan

    • Unsecured

    • $5,000

    • $100,000

    • -

    • -

    • Varies

    • Varies

    • Varies

    • Varies

    • Varies

    • No Upfront Fees

    • No Ongoing Fees

    • $0.00

    • not disclosed

    • 0

    • -

    • no

    • Monthly

    • Principal & Interest

    • no

    • -

    • -

    Details Close

  • Flexible Business Loan

    Quick and easy to access funds up to $500,000 for any business purpose. Fast approvals save you time so you can get back to what you do best: run your business.

    from 0.87% per month

    2.00%

    within 24 hours

    • Loan

    • Unsecured

    • $10,000

    • $500,000

    • 6 months

    • 1 year

    • 9 months

    • $120,000

    • 10 Minutes

    • within 24 hours

    • within 24 hours

    • 2.00%

    • $3.85 weekly direct debit fee

    • $25.00

    • -

    • $0.00

    • -

    • yes

    • Weekly

    • Principal & Interest

    • yes

    • -

    • Minimum 9 months business trading and $10,000 per month of sales.

    Details Close

  • Business Loan

    With a simple application process, same day approval and no security needed on business loans up to $250k, Propsa can make everything from funding new inventory purchases to your next marketing campaign a breeze.

    On application

    0.05% to 1%

    from 24 hours

    • Loan

    • Unsecured

    • $5,000

    • $250,000

    • 3 months

    • 2 years

    • 6 months

    • $72,000

    • 10 Minutes

    • Same-day approval

    • from 24 hours

    • 0.05% to 1%

    • $0.00

    • $0.00

    • -

    • $0.00

    • -

    • yes

    • Weekly

    • Principal & Interest

    • yes

    • -

    • -

    Details Close

  • Business Loan

    Fast, flexible business loans from $5,000 to $250,000. Great for businesses which have been trading for more than 6 months with a monthly turnover above $10,000.

    On Application

    $0.00

    24 Hours

    • Loan

    • Secured or Unsecured

    • $5,000

    • $250,000

    • 6 months

    • 18 months

    • 6 months

    • $120,000

    • 5 Minutes

    • 24 Hours

    • 24 Hours

    • $0.00

    • $0.00

    • $25.00

    • $0.00

    • $0.00

    • -

    • yes

    • Weekly

    • Principal & Interest

    • yes

    • Single Fixed Fee

    • -

    Details Close

  • Unsecured Business Loan

    Business-friendly finance that gives you a break when you need it! NO origination fee, NO contract fee, NO debit order fees, NO establishment fee, NO early repayment or penalty fees.

    from 1.00% per fortnight

    $0.00

    from 24 hours

    • Loan

    • Unsecured

    • $5,000

    • $500,000

    • 3 months

    • 18 months

    • 6 months

    • $60,000

    • 10 Minutes

    • from 24 Hours

    • from 24 hours

    • $0.00

    • $0.00

    • $0.00

    • $0.00

    • $0.00

    • n/a

    • yes

    • Daily, Weekly

    • Principal & Interest

    • yes

    • Variable Payment Structure in-line with your trading

    • -

    Details Close

  • Business Loan

    A business loan that is quickly delivered and loans up to $10,000. Application only takes a matter of minutes.

    From 5% Monthly

    $0.00

    Less than 24 hours

    • Loan

    • Unsecured

    • $50

    • $10,000

    • 0 years

    • 2 months

    • 0 years

    • $10,000

    • 10 Minutes

    • 10 Minutes

    • Less than 24 hours

    • $0.00

    • Monthly Lender Fee

    • -

    • $0.00

    • $0.00

    • Service Fees apply, varired and subject to loan amount and term

    • yes

    • Weekly, Fortnightly, Monthly

    • Principal & Interest

    • no

    • -

    • -

    Details Close

  • Flexible Business Loan

    Stop delaying and take your business to the next level with a loan from businessloans.com.au. If a simple online application process, quick approval and funding from $5k-$500k sounds right, then businessloans.com.au might be the right match for you.

    from 0.87% per month

    2.00%

    within 24 hours

    • Loan

    • Unsecured

    • $5,000

    • $500,000

    • 6 months

    • 1 year

    • 2 years

    • $120,000

    • 10 Minutes

    • within 24 hours

    • within 24 hours

    • 2.00%

    • $3.85 weekly direct debit fee

    • $25.00

    • -

    • $0.00

    • -

    • yes

    • Weekly

    • Principal & Interest

    • yes

    • -

    • Minimum 9 months business trading and $10,000 per month of sales.

    Details Close

Want more? Compare all 52 bank business loans in the Mozo comparison engine.

Compare more business loans

Business Banking Resources

Reviews, news, tips and guides to help find the best business loan for you.

Find the best business loan interest rates today

Whether you're looking for a business loan for start up financing, to fund a new initiative or grow your company, Mozo compares current business loan rates to help you get the business loan that best suits you needs. You can use our business loans search tool to find and compare business loans features, like fees, repayment flexibility and rates.

Types of business loans

Business loans come in three types: secured, unsecured and commercial. These loan types have different features, interest rates benefits and drawbacks, so you’ll need to choose the one that best suits your financial circumstance.

  • Secured business loans typically have lower interest rates, but carry the risk of losing your assets - such as a car or property - if you default on the loan.
  • Unsecured business loans have higher interest rates to compensate the banks for the added risk. The more information you provide about the need for the commercial loan, the lower the risk to the lender and the more likely you are to snag a great small business loan rate. Head to our hub to compare unsecured business loans.
  • Commercial loans offer a range of features such as overdrafts or a line of credit - but these financing options can come at a cost, be it monthly fees or higher rates.

Is a fixed or variable business loan interest rate better?

When you take out a business loan, you’ll get the option for either a fixed or variable rate option. There is no real answer as to which is the best business loan rate, as both have benefits and catches, for instance:

  • Variable rate business loans can offer great flexibility such as fee free redraw facilities and the ability to make additional repayments. But if interest rates go up, so will your repayments, so it's important to budget for this possibility.
  • Fixed rate business loans increasingly offer similar features such as redraw and early repayments, but typically charge at a higher rate than the market-leading variable business loans. Fixed rate business finance does give you the certainty to budget for repayments without worrying about interest rates changing.

Small business loans: Why is getting the best rate so important?

Having the right small business loan rate is incredibly important. A well managed cash flow is essential to the success of small business banking; you don't want surprises like an unexpected interest rise damaging your businesses ability to make repayments.

By snagging the best business loan rate possible, you minimise the interest you pay on the loan. This leaves you with more funds to spend on training staff, updating your office or whatever else your business needs. Use our business loan comparison tool to compare what features are available alongside your small business loan interest rate.

What should I know about short term business loans?

Many businesses will occasionally apply for a short term business loan to pay bills while waiting for a client to pay a large invoice or stock shipment. Just keep in mind that the repayment schedule for short term business loans is fast and you could have to make repayments on a daily basis.

So if you’re after a short term loan, use our comparison tool to compare some of the current business loan interest rates.

What should I compare in a business loan?

Finding the right business loan can be tricky, especially if you don’t know what to look for. When you start to compare business loan rates, you’ll also need to compare the following:

Fees

If you are approved for a business loan, there may a few fees you’ll need to pay, like:

  • Upfront fees - An upfront fee is paid at the start of your loan and can either be a set amount or a percentage of your total loan amount, for instance 2% or 3%.
  • Ongoing fees - An ongoing or service fee is the cost to keep your loan going and can be charged on a weekly basis.

Repayment features

One great benefit your business loan might come with are flexible repayment features, like:

  • Extra repayments - Having the ability to make extra repayments to your loan can help you get debt-free faster, while cutting down on the amount of interest you pay. Just keep in mind that you may be charged a fee to do so.
  • Redraw facility - And if you ever need to redraw any of these extra repayments to pay for an unexpected bill or expense, a redraw facility can come in handy.

Who offers the best business loan rates?

When it comes to finding the best business loan rate, you’ll generally have your choice of two lenders, a big bank or a non-bank lender. Most lenders will have loans that are available Australia-wide,  but if you want to find a lender in your capital city like Sydney or Melbourne we have a page for you as well. Both lenders have their pros and cons and it’s up to you to decide which is right for your business.

  • Big bank: One of the benefits of going with a big bank is that you’ll be able to go into a branch and speak to a manager. With a bank, there’s also more generous loan terms and amounts up for grabs, however, this does mean that you may have higher business bank loan rates and fees.
  • Non bank lender: On the other hand, non-bank lenders, like peer-to-peer lenders generally don’t charge higher rates and fees. But we should mention that peer-to-peer lenders often give better rates and lower fees to borrowers with a clean credit history. They also may have a lower borrowing limits and shorter terms.  

Where do I find the best business loan rate?

Right here! Our business loan comparison tool can help you compare business loan interest rates today. It not only compares interest rates, but fees and other loan features, helping you find the loan that best suits your businesses needs.

Business Banking Guides

Want to talk to a specialist?

Mozo’s business loan specialists can help find the right lender for your business.