In addition, we've partnered with sustainability fintech Cogo to enable qualifying businesses to easily calculate their carbon emissions, and help measure the success of their sustainability initiatives through the Cogo Business Carbon Manager app.
Key features & benefits
Options for fixed or variable interest rates.
Flexible repayment options.
Terms from six months to five years (and sometimes longer).
Secured against business or personal assets.
Get a quick decision if you've got a Xero or MYOB AccountRight Live subscription using our Fast Capital application.
Business lending options
Fixed rate loans
Your interest rate will stay the same for the agreed term, giving you certainty about repayments. The rate will depend on the terms of your loan and the security you have to offer. You can repay your loan early, but fixed rate break costs may apply.
Variable rate loans
Tailor your repayments to suit your cashflow – pay off more when you can. Make lump sum repayments whenever you can via our mobile app – handy if your income is irregular. You can move all or part of your variable rate loan to a fixed rate loan whenever you want to.
Revolving credit loans
Our most flexible business loan, it's like a big overdraft. There are no fixed repayment periods and you can make payments as and when suits your business.
Most of our loans are table loans. This means your payments stay the same over the term of your loan. At the start of your loan, your payments will mostly cover interest — but you’ll pay back less interest and more principal as time goes on.
Interest-only loans offer a good short-term backstop to help ease cashflow as you get set up. Your repayments only cover the interest you’re charged, so at the end of the agreed term, the loan will need to be repaid in full, or renegotiated.
Your loan will be secured against either personal or business assets, depending on your circumstances.
Rates & fees
Interest rates will vary, depending on your circumstances. Talk to a business lending specialist to discuss what rates will apply.
When you apply for a new or increased loan or overdraft, suited to your business and its borrowing needs. Minimum fee $25 for loans and $75 for overdrafts.
Early exit fee
When your loan is repayable over more than three years and you fully repay the loan within three years from the date you first drawdown your loan.
Fixed rate break cost
When you repay your entire fixed rate loan early or make an additional payment which, together with any other additional payments you’ve made, exceeds our early repayment limit or if you switch your fixed rate loan to a variable rate loan or other fixed rate.
The amount of the costs varies depending on the current interest rates and how long the loan has left to run.