The details shown below are for the Business Term Loan with
The details shown below are for the Business Term Loan (Commercial Security) with
Choose the version of this loan that suits you best
| Name | Minimum Amount | Maximum Amount | |
|---|---|---|---|
|
|
Business Term Loan | ||
|
|
Business Term Loan (Commercial Security) |
Loan:
Loan:
|
variable |
|
|
5.55% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
0.5% of loan amount (minimum $600) |
|
|
$20 per month |
|
|
n/a |
|
|
varies |
|
|
n/a |
|
|
n/a |
|
Monthly |
|
|
Principal & Interest, Interest Only |
|
|
yes |
|
|
yes |
|
|
no |
|
|
no |
|
|
none |
|
|
Default interest rate of 4.50% applies to late payments |
Example cost figure provides indicative minimum total repayments over 6 months on a $10,000 loan. Actual costs will vary depending on individual risk score as assessed by the lender.
|
variable |
|
|
5.85% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
0.5% of loan amount (minimum $600) |
|
|
$20 per month |
|
|
n/a |
|
|
varies |
|
|
n/a |
|
|
n/a |
|
Monthly |
|
|
Principal & Interest, Interest Only |
|
|
yes |
|
|
yes |
|
|
no |
|
|
no |
|
|
none |
|
|
Default interest rate of 4.50% applies to late payments |
Example cost figure provides indicative minimum total repayments over 6 months on a $10,000 loan. Actual costs will vary depending on individual risk score as assessed by the lender.
Thornmoney
Invoice Finance
On application, from 6%, 3% interest rate for the first 90 days.
On Application
Varies
Thornmoney
Invoice Finance
On application, from 6%, 3% interest rate for the first 90 days.
On Application
Varies
Prospa
Business Loan
Interest rates vary based on risk. Rates range from 9.90% to 26.50% p.a.
3%
from 24 hours
Thornmoney
Invoice Finance
On application, from 6%, 3% interest rate for the first 90 days.
On Application
Varies
Prospa
Business Loan
Interest rates vary based on risk. Rates range from 9.90% to 26.50% p.a.
3%
from 24 hours
Thornmoney
Invoice Finance
On application, from 6%, 3% interest rate for the first 90 days.
On Application
Varies
Prospa
Business Loan
Interest rates vary based on risk. Rates range from 9.90% to 26.50% p.a.
3%
from 24 hours
