GetCapital Business Loans

GetCapital

GetCapital is leading non-bank lender headquartered in Sydney and is focused on the financial needs of Australian businesses. It provides a variety of business loans, designed to help Aussies manage their working capital, purchase new inventory and fund big projects.

GetCapital business loans - what you need to know

Thinking of getting a business loan but not sure how much you need exactly? Well GetCapital allows flexible borrowing that might fit your exact needs. Check out the features, fees, rates and processes that are involved with a GetCapital business loan below.

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Interest Rate
On Application
Upfront Fee
$0.00
Ongoing Fees
$3.85 weekly direct debit fee
Late payment fee
$25.00
Transaction fee
3.85
Early repayment penalty
$0.00
Other fees
Loan type
Loan
Security type
Unsecured
Minimum loan amount
$10,000
Maximum loan amount
$500,000
Minimum loan term
6 months
Maximum loan term
1 year
Repayment frequency
Weekly
Repayment types
Principal & Interest
Minimum trading period
9 months
Minimum annual turnover
$120,000
Application speed
10 Minutes
Approval speed
within 24 hours
Funding speed
within 24 hours
Extra repayments allowed
yes
Redraw allowed
yes
Other benefits
For loans approved and funded by the 15th of October the 2.00% upfront establishment fee is waived.
Other restrictions
Minimum 9 months business trading and minimum $120,000 annual turnover or $10,000 per month of sales.

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FAQs about GetCapital

How are GetCapital interest rates determined?

Interest rates are determined by your business’ financial and operational situation, as well as the type, length and amount of the loan.

What GetCapital fees are there?

GetCapital do have a couple of simple and standardised fees to look out for:

Direct debit fee
Dishonour fee
Drawdown fee

Arrears fee

How does the approval process work?

GetCapital’s application process is quick and easy. You’ll need to answer a series of questions about your business and its finances. You’ll also need to share some paperwork about your business such as bank statements. Once your application is complete you can be approved in as little as 24 hours.

What do I need to be eligible for GetCapital Loan?

To qualify for a GetCapital business loan you need:

To be trading for a minimum of 9 months
Have at least $10,000 in monthly sales turnover

Key features of GetCapital business loans

Borrow up to $500,000

Whether you’re looking to manage cashflow, purchase assets, expand and grow, GetCapital has a range of products to fit your business needs with businesses able to borrow up to $500,000.

Flexible repayment terms

GetCapital offers terms up to 24 months. Businesses will be able to choose between short-term working capital solutions or longer facilities for growth and expansion with lower monthly repayments.

24-hour approval

GetCapital understands that time is a premium for business owners, which is why you'll be able to apply in just minutes, get approvals within 24 hours and next-day funding. GetCapital knows

Redraw and extra repayments available

The GetCapital Business Loan features a redraw option after 15 weeks which means businesses can draw down on their principal balance. Businesses will also be able to make extra repayments on their loans.

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