At a glance
- Fixed
- 15.99%
- Loan size
- $20,000 to $500,000
How it compares
This business loan in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.
Lowest advertised rate, fixed or variable, leaving out SMSF loans; secured loans usually price lower. One dot per institution, at its lowest business loan rate anyone can apply for; hover or tap a dot for its name.
Lowest advertised rate, fixed or variable, leaving out SMSF loans; secured loans usually price lower. One dot per institution, at its lowest business loan rate anyone can apply for; hover or tap a dot for its name.
| Rate | This business loan | Best anywhere | Typical institution | Where it sits |
|---|---|---|---|---|
| Business loanLowest advertised rate, fixed or variable, leaving out SMSF loans; secured loans usually price lower | 15.99% | 6.33%SCCU's BUSINESS LOAN | 7.89%of 47 institutions | 46th lowest of 47 |
| Business loanLowest advertised rate, fixed or variable, leaving out SMSF loans; secured loans usually price lower | 15.99% | 6.33%SCCU's BUSINESS LOAN | 7.89%of 47 institutions | 46th lowest of 47 |
Rates
The one rate Moula publishes for this business loan.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| FixedRates from 15.99% | P&I | - | - | 15.99% | - | - |
Fees
4 fees published, grouped by when they're charged.
- When you take it outNo fee published
- While you hold it$495 to $995 a yearAnnual review fee
- When you close it or pay it offVaries2 fees, each listed below
While you hold it1
- Annual review fee
$495 for loans up to $150,000 and $995 for loans over $150,000. Payable annually via direct debit from the first settlement anniversary
$495 to $995 a year
If a payment is late or fails1
- Dishonour Fee
Charged per dishonoured direct debit.
$30
When you close it or pay it off2
- Facility fee
2% of facility limit payable only if the facility is repaid before the end of the facility term
2.00% of transaction - Facility fee
0.5% of facility limit payable at the first drawdown and waives the 2% facility fee
0.50% of transaction
Features
- Simple online application process with no paperwork
- Loan terms of 24 or 48 months
- Fortnightly repayments
- Interest charged on outstanding balance only
- Automatic initial drawdown of $1,000. Daily drawdowns available. Minimum drawdown amount $1,000.
Eligibility and limits
- Available to businesses
- Amount $20,000 to $500,000
- Minimum 2 years in business
- Must be registered for GST
- Director's guarantee required
- For loans >= $250,000, up front security required, 3+ years of trading history, $1,000,000+ annual turnover
Compare it with others
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Published by Moula under the Consumer Data Right, last changed by them on 25 Aug 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.