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Great Southern Bank Business+ Unsecured Loan

Advertiser disclosure
Interest rate
11.95% p.a. Rates range from 11.95% p.a. to 22.95% p.a.
Security type
Unsecured
Upfront fee
$495
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Mozo editorial review Great Southern Bank Business+ Unsecured Loan - last updated: 12 April 2024

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What's hot
  • Competitive rates from 11.95% p.a. fixed
  • Apply in minutes using the convenient and easy-to-use app
  • Don’t need assets as security
What's not
  • $20 ongoing monthly fee
  • Not available for loans under $20,000
Mozo snapshot

Great Southern Bank's Business+ Unsecured Loan caters to small businesses looking to grow or tackle big projects, without needing to put up collateral. With fixed rates starting at 11.95% p.a. and the ability to borrow from $20,000 up to $50,000 for 1 to 3 year terms, it's streamlined for ease and speed, thanks to a user-friendly app and a quick application process.

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Key features

Great Southern Bank's Business+ Unsecured Loan is equipped with features specifically designed for SMEs looking for a boost without collateral:

  • Competitive fixed rates. Rates begin at 11.95% p.a., making it a solid choice for budget-conscious businesses.

  • Predictable payments. With a fixed rate and clear fee structure, you’ll never be surprised at your bill.

  • Unsecured financing. Offers access to funds up to $50,000, without the need for collateral.

  • Digital access. The Business+ app conveniently facilitates both loan application and loan management.

  • Quick application. The process is streamlined to be completed online in approximately 20 minutes, saving valuable business time.

  • Real support. You can access support from real people, right through the app.

With Great Southern Bank's Business+ Unsecured Loan, small businesses get a financial partner that understands their need for straightforward, accessible support.

snapshot
Who is it good for

The Great Southern Bank Business+ Unsecured Loan stands out for SMEs looking to borrow between $20-50K seeking competitive rates and digital convenience.

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Any catches

There’s a $495 upfront loan establishment fee and a $20 monthly ongoing fee to consider but that’s made up for by the competitive interest rates, especially on high balances. Also, the loan is also only available for terms between 1 - 3 years so if you need to borrow over a longer term you might want to consider the secured loan option.

Details

Rates and fees information correct as at 22 June 2024. Mozo 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.
Rates

fixed

n/a

11.95% p.a.

11.95% p.a.

11.95% p.a.

n/a

n/a

n/a

n/a

Fees

$495

$20 per month

$0.00

$0

Early Payout Costs apply during fixed rate period.

n/a

Features

Fortnightly, Monthly

Principal & Interest

yes

no

no

no

none

none

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.

Customer Reviews

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