The details shown below are for the Secured Business Loan with a maximum amount of $1,000,000
The details shown below are for the Fixed Rate Unsecured Business Loan with a minimum amount of $5,000 and a maximum amount of $250,000
Choose the version of this loan that suits you best
| Name | Minimum Amount | Maximum Amount | |
|---|---|---|---|
|
|
Secured Business Loan | $1,000,000 | |
|
|
Fixed Rate Unsecured Business Loan | $5,000 | $250,000 |
Loan: $1,000,000
Loan: $5,000 $250,000
|
variable/fixed |
|
|
5.41% p.a.From 4.41% variable rate depending on security offered. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$0 |
|
|
$0 |
|
|
$0.00 |
|
|
not disclosed |
|
|
not disclosed |
|
|
$10 ($50 for staff assisted withdrawals) |
|
none |
|
|
Principal & Interest, Interest Only |
|
|
yes |
|
|
yes |
|
|
no |
|
|
no |
|
|
Loan to value ratios of up to 100% residential property or 80% owner-occupied non-specialised commercial property for secured loans up to $3 million available. |
|
|
Eligible Westpac customers only. Annual turnover less than $50m. |
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.
|
fixed |
|
|
n/a |
|
|
12.09% p.a. |
|
|
12.89% p.a. |
|
|
13.09% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$250 |
|
|
$0 |
|
|
$0.00 |
|
|
not disclosed |
|
|
not disclosed |
|
|
$10 ($50 for staff assisted withdrawals) |
|
none |
|
|
Principal & Interest |
|
|
yes |
|
|
yes |
|
|
no |
|
|
no |
|
|
Loan to value ratios of up to 100% residential property or 80% owner-occupied non-specialised commercial property for secured loans up to $3 million available. |
|
|
Eligible Westpac customers only. Annual turnover less than $50m. |
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.
Thornmoney
Invoice Finance
On application, from 6%, 3% interest rate for the first 90 days.
On Application
Varies
Thornmoney
Invoice Finance
On application, from 6%, 3% interest rate for the first 90 days.
On Application
Varies
Prospa
Business Loan
Interest rates vary based on risk. Rates range from 9.90% to 26.50% p.a.
3%
from 24 hours
Thornmoney
Invoice Finance
On application, from 6%, 3% interest rate for the first 90 days.
On Application
Varies
Prospa
Business Loan
Interest rates vary based on risk. Rates range from 9.90% to 26.50% p.a.
3%
from 24 hours
Thornmoney
Invoice Finance
On application, from 6%, 3% interest rate for the first 90 days.
On Application
Varies
Prospa
Business Loan
Interest rates vary based on risk. Rates range from 9.90% to 26.50% p.a.
3%
from 24 hours
