How do we compare?
1 Interest rates sourced from Mozo.com.au as at 3 October 2017 for unsecured business loans. Monthly interest rates have been annualised. Some may express interest rate as a factor rate.
2 Comparison based on the interest rates for unsecured business loans, similar to that offered by RateSetter as published by ANZ, NAB and Macquarie Bank on their websites as at 4 Oct 2017.
3 Interest rates, fees and charges may vary depending on the loan provider, the loan term and the financial circumstances of the borrower. Some may charge no fees, with the effective cost of the loan instead being increased through a higher interest rate.
4 Note: Estimated time to receive funds is following approval of finance and assumes same day transfer.
5 Source: Digital Finance Analytics survey of 52,000 SMEs. Data available at http://www.digitalfinanceanalytics.com/blog. Average based on results from December 2016 - September 2017.
These rates fees and product terms are indicative only and your business’ specific loan terms may vary.
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