The details shown below are for the Fully Drawn Business Loan (Residentially secured, <$1mil) with a minimum amount of $100,000 and a maximum amount of $999,999
The details shown below are for the Fully Drawn Business Loan (Residentially secured, >$1mil) with a minimum amount of $1,000,000 and a maximum amount of $5,000,000
Choose the version of this loan that suits you best
| Name | Minimum Amount | Maximum Amount | |
|---|---|---|---|
|
|
Fully Drawn Business Loan (Residentially secured, <$1mil) | $100,000 | $999,999 |
|
|
Fully Drawn Business Loan (Residentially secured, >$1mil) | $1,000,000 | $5,000,000 |
Loan: $100,000 $999,999
Loan: $1,000,000 $5,000,000
|
variable/fixed |
|
|
3.29% p.a.Residential security rate |
|
|
3.39% p.a. |
|
|
3.39% p.a. |
|
|
3.49% p.a. |
|
|
4.19% p.a. |
|
|
4.19% p.a. |
|
|
n/a |
|
|
n/a |
|
0.50% |
|
|
$30 per month |
|
|
$0.00 |
|
|
not disclosed |
|
|
2 months of interest at original loan rate within the first 3 years |
|
|
not disclosed |
|
weekly, fortnightly, monthly |
|
|
interest only, principal and interest |
|
|
yes, up to 25% of original loan amount in 1st 3 yrs without penalty |
|
|
yes |
|
|
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.
|
variable/fixed |
|
|
3.29% p.a.Residential security rate |
|
|
3.39% p.a. |
|
|
3.39% p.a. |
|
|
3.49% p.a. |
|
|
4.19% p.a. |
|
|
4.19% p.a. |
|
|
n/a |
|
|
n/a |
|
0.50% |
|
|
$30 per month |
|
|
$0.00 |
|
|
not disclosed |
|
|
2 months of interest at original loan rate within the first 3 years |
|
|
not disclosed |
|
weekly, fortnightly, monthly |
|
|
interest only, principal and interest |
|
|
yes, up to 25% of original loan amount in 1st 3 yrs without penalty |
|
|
yes |
|
|
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.
Prospa
Business Loan
Interest rates vary based on risk. Rates range from 9.90% to 26.50% p.a.
3%
from 24 hours
Octet
Invoice Finance
0% for the first 60 days, then rates starting from 6%
On Application
Instant on approval
Prospa
Business Loan
Interest rates vary based on risk. Rates range from 9.90% to 26.50% p.a.
3%
from 24 hours
Octet
Invoice Finance
0% for the first 60 days, then rates starting from 6%
On Application
Instant on approval
Prospa
Business Loan
Interest rates vary based on risk. Rates range from 9.90% to 26.50% p.a.
3%
from 24 hours
Octet
Invoice Finance
0% for the first 60 days, then rates starting from 6%
On Application
Instant on approval
