Summary

This is a caveat business loan, that allows you to borrow between $25,000 up to $200,000. To secure this loan, you will have to provide your property as an asset. Terms are short, and range from 1 month up to 1 year. When you apply, your application will be considered by one of Blue Streak’s panel lenders. Your property will also be valued and a caveat will be registered on your property. This means that the lender has a legal claim to the property until the caveat is resolve i.e. your loan repaid in full. Interest rates are high and start from 14.95% p.a. for companies and 18.95% for ABN holders. A full fee structure is provided in the loan offer. You will also have to pay upfront for the valuation of your asset, whether or not your application is approved.

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.

Summary

Live capital matches applications for business loans with 7 lenders on their panel, including Prospa, Capify, OnDeck, GetCapital, Lumi, Sail and Bizcap. You can borrow from $5,000 up to $600,000, with terms from 3 months to 3 years . This loan is unsecured and does not require an asset as collateral. The loan amount you’ll be approved for and interest rates depend on your industry, credit history and loan term. This means that if you have a poor credit score, you can still apply, but you’ll likely get higher rates and lower borrowing amounts than if you had good credit. There will also be an establishment fee. Fees and charges will depend on the lender, and will be disclosed by the lender you’re matched with.

Summary

This business term loan offered by Auswide Bank has large minimum and maximum amounts, ranging from $20,000 up to $5,000,000. This loan is secured. Depending on the type of security you offer, you can get a limit up to 70% the value of commercial property or 80% the value of residential property. Your term will depend on the security offered, with up to 50 years for commercial or up to 25 years for residential security. Your interest rate will also vary based on the security and whether the rate is fixed or variable. For residential security, your variable rate will be 7.05% p.a., while for fixed it varies from 6.29% p.a. to 6.89% p.a. For commercial or other security, the variable rate is 7.35% p.a., while it ranges from 6.69% to 7.29% p.a. for fixed. The establishment fee will be 0.5% of the loan amount, the minimum being $600. There will also be a valuation fee, solicitor fees, compliance costs and legal agent fees, costs for which vary. The rate lock fee will be greater of 0.15% of loan amount or $250.

Summary

UCapital offers creative consumer and business loan solutions for the Self-Employed. Whether that be for a purchase, refinancing, or to access equity. We have a suite of private funders, non-bank lenders, tier 2 banks, and tier 1 banks that we work with, that are really good in the self-employed and commercial space.

Our offering includes self-employed Full Doc, Lite Doc, or Low Doc options. We service both established businesses with their full financials ready, and also borrowers unable to fully verify their income. Including everything in between with a “No Doc” option if required.

Clients can use retail shops, offices, light industrial warehouses, rural farms, and residential properties as security for cash-outs or to purchase.

Summary

Borrow from $5,000 up to $100,000. Loan terms are short, ranging from 3, 6 to 12+ months.

Bromleigh Capital is an Australian non-bank lender that offers business finance to small business owners. You can get an unsecured business loan or line of credit and can be approved for a loan on the same day. Their loan terms are short. You can choose a term from 3, 6 or 12+ months. Interest rates are fixed, meaning that your repayments remain the same every month. This makes your repayments predictable and easy to budget. Rates start from 14.9% p.a.

Summary

Bank of QLD, also known as BOQ is different to a lot of banks as over half of their branches are basically franchises and owner managed and primarily based in Queensland. With really sharp interest rates, and some good home lending products BOQ has fast become one of Queensland’s most popular banks.

In recent years BOQ has also bought Virgin Money and Investec (now called BOQ Specialist) which has given it a large base of younger clientele and medical professionals like doctors and specialists.

Summary

CommBank is Australia’s leading provider of integrated financial services including retail banking, premium banking, business banking, institutional banking, funds management, superannuation, insurance, investment and share broking products and services.

With customers at the heart of everything we do, we’re focused on helping people and businesses move forward financially. We’re driven to deliver seamless experiences, in smart, innovative ways.

A workplace of the future, our 48,000 people are able to bring their different backgrounds and unique perspectives to our collaborative environment, and are supported to share ideas, initiatives, talent and energy – making a positive impact on colleagues, customers and our business.

It’s what makes CommBank a place of opportunity, where your skills can take you in unexpected directions and you can achieve great things.

Summary

For over a decade, Octet has been focused on providing businesses with the tools and financial capacity to help power their growth. Whether it’s paying your suppliers more efficiently or getting more value out of your invoices, Octet offers various solutions that take the hassle out of managing your business’s supply chain and cashflow.

Octet trade finance allows businesses to pay suppliers without having to wait for clients to pay them first and without having to use their own working capital to do so. This allows businesses to manage their supply chain effectively, access competitive FX rates and take advantage of potential client discounts. All while maintaining a positive cash flow.

Summary

It’s no secret that NAB is a big four bank, but one thing you might not know is this major player has a lot to offer when it comes to personal loans. Whether you need a loan for a new set of wheels, the special day you say “I do”, or that gap year adventure, NAB’s fixed or variable rate loans should do the trick. Read on as we reveal everything you need to know about taking out a personal loan with NAB.