Three business loans, side by side.
All three charge interest and one set-up fee. No monthly account fee, no early repayment penalty. Here is how they compare.
$10,000 to $25,000 over 6 to 24 months. One set-up fee and no monthly account fee. Built for sole traders and micro businesses getting started or bridging a gap.
WARNING: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or loan amounts might result in a different comparison rate.
$25,001 to $50,000 over 12 to 36 months. One set-up fee and no monthly account fee. For established businesses that need room to grow.
WARNING: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or loan amounts might result in a different comparison rate.
$50,001 to $100,000 over 12 to 48 months. One set-up fee and no monthly account fee. Our biggest business loan, for businesses ready to invest seriously.
WARNING: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or loan amounts might result in a different comparison rate.
The detail, laid out
| Starter | Growth | Accelerate | |
|---|---|---|---|
| Amount | $10,000 to $25,000 | $25,001 to $50,000 | $50,001 to $100,000 |
| Term | 6 to 24 months | 12 to 36 months | 12 to 48 months |
| Interest rate | 16.99% to 29.99% p.a. | 14.99% to 27.99% p.a. | 12.99% to 24.99% p.a. |
| Comparison rate | 27.83% a year | 22.06% a year | 18.06% a year |
| Comparison rate example | $15,000 over 12 months | $35,000 over 24 months | $75,000 over 36 months |
| Establishment fee | 2.5% of the amount borrowed | 2% of the amount borrowed | 1.5% of the amount borrowed |
| Monthly account fee | None | None | None |
| Early repayment | No penalty | No penalty | No penalty |
| Security | Unsecured (personal or director guarantee) | Unsecured (personal or director guarantee) | Unsecured up to $75,000 (personal or director guarantee); security also required above |
| Minimum revenue | $60,000 a year | $96,000 a year | $150,000 a year |
WARNING: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or loan amounts might result in a different comparison rate.
Rates shown are indicative and depend on your business profile, trading history, and credit history. Your rate is set when we assess your application. These are business loans, so they sit outside the National Credit Code (the law that sets the rules for personal loans). We show a comparison rate anyway so you can compare the cost.
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