Business rates & fees

Every dollar, laid out

The full cost in plain numbers and every fee that applies. Interest rates depend on your business; everything else is fixed.

Float Business Starter

$10,000 to $25,000 · 6 to 24 months

Interest rate16.99% to 29.99% p.a.

Comparison rate27.83% a year ($15,000 over 12 months)

Establishment fee2.5% of the amount borrowed ($250 to $625)

Monthly account feeNone

Late payment fee$50

Dishonoured payment fee$50

Early repaymentNo penalty

SecurityPersonal or director guarantee

Float Business Growth

$25,001 to $50,000 · 12 to 36 months

Interest rate14.99% to 27.99% p.a.

Comparison rate22.06% a year ($35,000 over 24 months)

Establishment fee2% of the amount borrowed ($500 to $1,000)

Monthly account feeNone

Late payment fee$50

Dishonoured payment fee$50

Early repaymentNo penalty

SecurityPersonal or director guarantee

Float Business Accelerate

$50,001 to $100,000 · 12 to 48 months

Interest rate12.99% to 24.99% p.a.

Comparison rate18.06% a year ($75,000 over 36 months)

Establishment fee1.5% of the amount borrowed ($750 to $1,500)

Monthly account feeNone

Late payment fee$50

Dishonoured payment fee$50

Early repaymentNo penalty

SecurityPersonal or director guarantee; registered security interest also required above $75,000

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. On all three products, a late payment or dishonoured payment fee is charged per event. The establishment fee is added to your loan balance and repaid as part of your regular repayments.

What sets your rate

We look at your business revenue, how long you have been trading, your expenses, and your credit history. Businesses with stronger cashflow and longer trading history get lower rates.

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