Terms and conditions:

*Deferred payment offer is available to new customers only. For business loans settled between Wednesday 14 August 2019 and Saturday 31 August 2019 inclusive, no loan repayments required from the loan settlement date for a period of 2 weeks (inclusive); loan repayments begin the day after the two-week deferral ends. Total loan repayment term will be extended by the period of time equal to your loan payment deferral; offers only available to customers with connected electronic bank statements; offers not valid in conjunction with any other offer; offer may be withdrawn without notice; standard approval criteria and terms and conditions apply. Standard approval criteria and terms and conditions apply.

¹Lowest rate is 9.9% p.a. simple interest rate. Prospa uses a risk-based pricing model to determine applicable rates using factors such as industry, years in business, cash flow and creditworthiness. Rates for small business loans range from 9.9% to 26.5% p.a. simple interest rate. The lowest rate is only available to applicants with the strongest cash flows, business experience and credit ratings. Eg. a $10,300 12-month loan (comprising a $10,000 disbursement and $300 origination fee) with a simple interest rate of 9.9% p.a. would have total repayment amount of $11,320. Approval is subject to credit assessment. Fees, terms and conditions apply. These rates apply to Prospa’s small business loan product only.