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
2.89% p.a.Residential security rate
3.39% p.a.
2.99% p.a.
2.99% p.a.
3.89% p.a.
3.89% 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
2.89% p.a.Residential security rate
3.39% p.a.
2.99% p.a.
2.99% p.a.
3.89% p.a.
3.89% 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.
This product is not currently reviewed.
Prospa
Business Loan
Interest rates vary based on risk. Rates range from 9.90% to 26.50% p.a.
3%
from 24 hours
Prospa
Business Loan
Interest rates vary based on risk. Rates range from 9.90% to 26.50% p.a.
3%
from 24 hours
Prospa
Business Loan
Interest rates vary based on risk. Rates range from 9.90% to 26.50% p.a.
3%
from 24 hours
Prospa
Business Loan
Interest rates vary based on risk. Rates range from 9.90% to 26.50% p.a.
3%
from 24 hours
