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.

Interest Rate
from 0.87% per month
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 years trading
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.

Go to site

FAQs about GetCapital

How are GetCapital interest rates determined?

With GetCapital, you might opt for a term loan or a line of credit, depending on what works for your funding needs. 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 doesn’t have any setup fees or on-going servicing fees, but they 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 is a 100% online application process, so it’s quick and easy. You’ll need to answer a series of questions about your business and it’s finances. You’ll also need to send in some paperwork about your business such as bank statements. Once you’ve provided all the necessary information, you can be approved in as little as 24 hours.

What do I need to be eligible for GetCapital Loan?

GetCapital business loans have a couple of requirements before you are ready to apply, including:

Your business must have been trading in the market for 9 months
Your business must have at least $10,000 monthly turnover

Key features of GetCapital business loans

Line of credit loans

Line of credits loans allow you to access funds as you need them.This is great if you’re not sure how much you’ll need or if the amount you need varies depending on your business’s revenue cycle.

Borrow up to $300,000

You are able to borrow from $5,000 - $300,000. Plus, with the line of credit option, as you make repayments, your credit limit is replenished. You’ll only have to pay interest on the amount you actually borrow, so you won’t find yourself out of pocket paying interest on a loan amount you didn’t really need.

Flexible repayment terms

GetCapital lets you choose how long you want your term to be up 12 months. So you can choose between a quick loan to get to that next import cycle, or a longer one to lower your monthly repayments.

24 hour approval

You don’t want to have to wait weeks or even months for your business funding to finally come through. GetCapital understands that when you need a loan, you want it lickiddy split, that’s why you’ll usually hear back about approval in 24 hours, letting you get the funding you need ASAP.

Qantas Business Rewards

GetCapital is partnered with Qantas Business Rewards, so if you’re a member (or willing to sign up for $89.50) you’ll be eligible to earn Qantas points on your loan amount. If you’re looking at a line of credit loan, then this continued bonus can really add value to your business loan. Just be aware of any points limits that may apply.

Focus on import-export clients

If your business is reliant on importing or exporting either domestically or internationally then GetCapital has business loan options specially designed for you.

Compare more business loans