LoansOne Review for Potential Borrowers
LoansOne Review for Potential Borrowers
This review of LoansOne will help you gain a better understanding of LoansOne. We look at the factors that differentiate LoansOne from its competition. This LoansOne review will also detail the products available through loansone.com.au and the requirements that LoansOne asks of all potential borrowers.
LoansOne Review – Basic Figures for 2022
Website
Logo
Loan Amount
$2,000 up to $500,000
Loan Term
from 1 month to 2 years
Unsecured Loans?
Unsecured Loans are Available
Lender Requirements
- The revenue of the business should be no less than 6000 per month
- Have available equity for secured loans
- The business is registered as ABN (Australian Business Number) or ACN
- Minimum 6 months trading
- No bankruptcy or part 9 agreements
- Able to provide business bank statements
- Good credit score – unsecured loans
Required
- ACN or ABN number
- Bank account details of your business
- Driving License
Response Time
Approval normally within one hour. Money in the bank in 24h.
Easy to Apply
Yes, fully online (expedited application here)
The Nitty-gritty
Online Reviews
None
Awards and Recognition
None
Minimal Interest Rates
- Small Business Loan 9.9% – 26.5%
- Line of Credit 14.95% – 29.95%
Credibility & Company Story
Gone are the days of going to the bank to almost beg for an ‘off the shelf’ business loan. Here at LoansOne, we are about finding a business finance solution for every business need. The best part is, it can be done without having to leave your office or home.
By taking a minute to complete our online application form, you are unlocking more possibilities for your business and all in one place. We work to get you the best loan solution and best rate, no hassles.
Getting a Business Loan with Loans One is now as easy as ordering a pizza. We have taken out any complexity and have our business lending team eager to help get you and your business to where you need to be and as fast as possible.
As soon as your application arrives on our screens, our team of experts get straight to work and within no time, you will be on the phone answering a couple of questions to make sure we get you the best solution.
LoansOne Loan Compatibility
Different Types of small Business Financial Solutions
Go for small business loans that are suitable according to your preferences. Below we have shared two types of most popular and flexible small business finance processes.
Short term Business Loan
It can be of two types which are unsecured or secured. They are differentiated based on borrowing capability and payment terms which usually vary from 90 to 365 days. LoansOne offers a short-term loan amount from 5000 to 300 thousand Australian Dollars. These loans are very easy to apply for.
Unsecured Business Loans
Unsecured finance is one of the most convenient and flexible ways to get the required amount that a business client needs, as they do not have to submit any collateral to get their loan approved. Thus unlike secured funding, the lender will never seek repayment by moving after the client’s properties. Unsecured funds are easy to acquire, quick to apply and get approved only within 2 hours.
LoansOne Rates & Pricing
LoansOne offers flexible loan products, tailored to suit the needs of a variety of Australian businesses.
During the loan application process, you’ll speak to a LoansOne rep on the phone to discuss your individual situation. If it’s considered that a LoansOne Unsecured Business Loan could be a good fit for you and your business, loan terms will be suggested and a full schedule of fees and charges will be provided.
This schedule will set out the full amount of the loan (between $2,000 and $500,000), the loan term (from 1 month to 2 years) and the repayment amount and frequency. All fees, charges and interest rates applicable to your loan will be set out in the schedule, including any application fees and other one-off or ongoing fees.
It’s important to read the fee schedule carefully and to ask questions to ensure you fully understand the terms before signing the contract.
LoansOne Review Summary
Name: LoansOne
Summary
LoansOne offers unsecured business loans for amounts between $2,000 and $500,000 with repayment terms from 1 month to 2 years. They offer offers business loans that can be applied for online, confirmed with a phone call and approved and funded within 24 hours. Loan terms will be suggested based on your business’s situation, and a full schedule of fees and charges will be provided during the application process.
Overall
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Credibility - 93%
93%
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Client Reviews - 94%
94%
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Website - 90%
90%
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Compatibility - 97%
97%
Pros
- Consolidate debts
- Simple Online Application
- Loan amounts to suit any need
- Flexible repayment terms
- Tailored loan solution
- No security required
- Overnight funding
Cons