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.
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.
The Great Southern Bank Business+ Unsecured Loan stands out for SMEs looking to borrow between $20-50K seeking competitive rates and digital convenience.
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.
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fixed |
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n/a |
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11.95% p.a. |
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11.95% p.a. |
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11.95% p.a. |
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n/a |
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n/a |
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n/a |
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n/a |
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$495 |
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$20 per month |
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$0.00 |
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$0 |
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Early Payout Costs apply during fixed rate period. |
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n/a |
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Fortnightly, Monthly |
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Principal & Interest |
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yes |
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no |
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no |
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no |
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none |
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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.
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Business+ Unsecured Overdraft
Rates range from 14.95% p.a. to 25.95% p.a.
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Business+ Unsecured Loan
Rates range from 11.95% p.a. to 22.95% p.a.
$495
Varies
Business+ Unsecured Overdraft
Rates range from 14.95% p.a. to 25.95% p.a.
$495
Varies
Business+ Unsecured Loan
Rates range from 11.95% p.a. to 22.95% p.a.
$495
Varies
Business+ Unsecured Overdraft
Rates range from 14.95% p.a. to 25.95% p.a.
$495
Varies
Business Overdraft
10.72% p.a. Business Overdraft Prime Rate
not disclosed
Negotiable
