Calculate your repayments

Use Prospa’s business loan calculator to quickly calculate your loan repayments

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No credit check to see if you are eligible

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How much would you like to borrow?

A valid loan amount ($5,000 - $500,000) is required
A valid loan amount ($150,000 - $500,000) is required

Weekly repayments

$0

*Security may be required

*No upfront security required

Your repayment breakdown

Weekly repayment $0
Payback amount $0
Loan Term $0
Number of repayments $0
Ready for the next step? See if you qualify
Ready for the next step? See if you qualify

Calculations are based on information you provide and may assist you in making your own projections, however they are not forecasts and do not represent all Prospa products. The information in this calculator is by way of example only and is not a prediction or financial advice. The information in the calculator does not constitute an offer to lend or imply that any particular Prospa product is suitable for you. This calculator uses a fixed annual percentage rate (APR) of 31% as the interest rate and an origination fee of 3.5% to calculate repayments which include principal, interest and fees for the loan amount and loan term you input. Subject to law, Prospa will not be liable for any loss or damage caused by your use of the calculator. Terms and conditions and standard credit criteria apply to Prospa products.

Connect with us

We’ll work with you to understand your business and workshop the numbers.

One platform

A range of funding solutions

Small Business Loan

One off lump sum for big or small business plans.
From $5K to $500K.

Small Business Loan

One off lump sum for big or small business plans.
From $5K to $500K.

Business Loans Plus

A larger lump sum to invest in longer term plans.
From $150K to $500K

Business Loans Plus

A larger lump sum to invest in longer term plans.
From $150K to $500K

Line of Credit

Ongoing access to funds to simplify cash flow.
From $2K to $500K.

Line of Credit

Ongoing access to funds to simplify cash flow.
From $2K to $500K.

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you’re after? Apply now.
Need help? Talk to a specialist

Greater flexibility and control

To keep business moving

Interest savings

Make unlimited extra repayments on your business loan or only pay interest on what you use with our Line of Credit.

Easy cash flow management 

Manage your cash flow and bills anytime in the Prospa App. Plus utilise smart features like integration to Xero and Bill Pay.

Easy application

Apply online in under 10 minutes, with no credit checks to see if you're eligible.

Minimal paperwork

No lengthy forms and no stressful processes, so you can get back to running your business.

Fast approvals

Once we have all your necessary application details, we can provide a decision in as little as one business day.

No upfront credit checks

Zero impact to your credit score to check if you are eligible.

FAQs

Frequently asked questions

The application process for Prospa business loans is easy and fast. Simply complete the online form in as little as 10 minutes. If you are applying for $150K or less, you need your driver licence number, your ABN and your BSB and account number. For loans over $150K you’ll also need some basic financial statements, like a P&L and cash flow.

A decision on a Prospa business loan can happen in as little as one hour – as long as you apply during standard business hours and allow us to use the advanced bank verification system link to instantly verify your bank information online. If you choose to upload copies of your bank statements we can provide a decision on your business loan in as little as one business day.

If you apply for a Prospa small business loan before 4pm on a business day and your application is approved, it is possible to have money in your account the next business day.

We provide loan amounts between $5K and $500K. When you make an application for a specific amount we consider a variety of factors to determine the health of your business and the level of repayments your business can support. The total amount of your loan will depend on the specific circumstances of your business.

This is a common question, but business loan interest rates vary due to many factors. These include the type of facility (business loan, equipment loan, commercial loan, business overdraft, line of credit, credit card etc), the amount borrowed, what business assets the funds will be used for, whether the funds are unsecured or secured, whether it is a fixed or variable interest rate, and factors such as the industry the business operates in, how long the business has been running, whether the business has sufficient cash flow to support the loan, and the overall ‘health’ or creditworthiness of the business.

It’s best to talk to our friendly customer service team to see how they can help you get the best business loan interest rate for your business. We’ve helped businesses across the country with funds to grow and for cash flow support – we could help your business too.

There are no hidden fees for our business loans, and you’ll know exactly how much you need to pay, and when, from day one. There’s no compounding interest, no penalties for early repayment and no additional fees (as long as you make your payments on time).
Prospa doesn’t charge an Application Fee. You can apply for a business loan with Prospa with no upfront cost or obligation to proceed.
We do charge an Origination Fee that covers the costs associated with setting up and managing the loan. You are only charged this fee if you proceed with the loan. Our Origination Fee is 3.5% of the business loan amount for loans up to $150K and 3% for loans above $150K. .

You can choose to repay the entire amount of your business loan early at any time. If you choose to repay your entire loan early, Prospa may provide you with a discount on the remaining interest that is payable on your loan. The level of discount applied to your repayment amount will depend on how far you are into the loan term and will be at least 25% of the remaining interest payable on your loan.
There are no additional fees for early repayment and no balloon payment at the end of your loan. Any outstanding late fees or default fees will not be waived. Once you make the final payment your balance will be $0. If you wish to repay the entire balance of your loan early, you should call Prospa on 1300 882 867 to obtain your early repayment figures and relevant payment details.

Other questions? Talk to a specialist