Terms and Conditions – Line of Credit offer for Accredited partners, Australia

5 November 2020 – 31 December 2020

Line of Credit offer for Prospa Accredited partners: Lowest Prospa rate currently available to eligible customers for our $10K and $20K Lines of Credit

Exclusive line of credit (“LOC”) offer for accredited Prospa partners who settle a new LOC and make an initial minimum drawdown of $10 between 5 November and 31 December 2020 (inclusive). Eligible partners can elect to take one of the following offers on a new LOC for a 12 month term: (a) facility limit of up to $10,000 at a fixed Annual Percentage Rate of 19.9% p.a. (a credit check is required); or (b) facility limit of up to $20,000 at a fixed Annual Percentage Rate of 14.95% p.a. (full standard credit assessment is required and applicants must provide 12 months of connected electronic banks statements). There will be a $0 origination fee and weekly service fee of 0.046% of the facility limit. Fees for dishonour and late payment apply. Interest is calculated daily on funds drawn down and debited weekly in arrears until repaid. Offer only available to Prospa accredited partners established and operating in Australia. Offer available on Prospa’s standard line of credit product only. No commission or other fees are earned on this offer by the partner or any other third-party referrer. Maximum one LOC per partner. Not valid in conjunction with any other offer. Offer may be withdrawn without notice. Eligibility and approval is subject to standard credit assessment and not all amounts, term lengths or rates will be available to all applicants. Fees, terms and conditions apply. Australian credit licence 454782.