Buy Now. Use Now. Pay Later with no interest on business purchases.
Make business purchases up to $20,000 and pay for them over 13 weeks, in a cash flow friendly way with ProspaPay. There is no interest, and no fees when you pay on time.
It’s flexible
- Be approved for up to $20,000
- Use and reuse up to your limit
- No interest or upfront fees
It won’t affect cash flow
- Get what you want for your business sooner
- No need to have cash up front
- Repay it over 13 weeks
It’s fast & easy
- Apply in minutes
- Approval possible in under an hour
- No asset security required to apply
The interest free way
for businesses to pay.
ProspaPay is a cash flow friendly payment method designed to give business owners the freedom to purchase what they need for their business, when they need it.
Forget about the cash flow disruption of paying up front for a business purchase. When you use ProspaPay, you can get your goods and pay for them over 13 weeks – interest free.
Perfect for…
Purchasing an asset
Buying stock, inventory or equipment
Renovating your business
Smoothing out cash flow
Meet Hair Salon Owner Natalie
Natalie updated all her salon chairs in one go using ProspaPay and spread the repayment over time to fit in with business cash flow.
Natalie’s chairs cost
$1,500
Natalie paid $115.39 per week over 13 weeks, interest free with ProspaPay
How ProspaPay works
Buy Now. Use Now. Pay Later with NO interest on business purchases
ProspaPay gives you the freedom to purchase what you need for your business when you need it and spread the cost into manageable amounts!
Apply in 10 minutes.
Approval possible in under an hour.
Buy what you want.
Select ProspaPay as your payment method.
Prospa pays the supplier.
Receive your purchase when it suits you.
Pay 13 fixed weekly repayments.
No interest ever.
Powered by Prospa
Prospa is Australia’s #1 online lender to small business, offering fast, easy access to funds. Prospa has delivered over $1.4 billion in funding to 26,000 small businesses across Australia and New Zealand so far, and are rated #1 Money brand in Australia on TrustPilot with a 4.9/5 TrustScore.
Frequently asked questions
ProspaPay is a new way for Small Businesses to get the things they need now and pay them off over time, with no interest, ever. Once you register, you can purchase from any supplier that offers ProspaPay. ProspaPay will pay the supplier, then you pay ProspaPay back in equal installments over a set period.
Every time you make a purchase using ProspaPay you receive a contract which outlines the details of your purchase and lists your repayment amount and term. If you need a statement, please call us on 1300 706 983 (9am to 5pm, Monday to Friday) and we will send you one.
It’s easy to apply. After a quick chat on the phone to learn about your business you should have a decision in under an hour. Fill in the contact form on our website and we’ll call you back, or call us on 1300 706 983 (9am to 6pm, Monday to Friday). For a super-quick process, make sure you have your Driver Licence, your ABN and your bank details ready.
If you call us during business hours, you should have a decision in under an hour.
When you register with ProspaPay we will assess your application and offer you a ‘maximum spend’ amount – up to $20,000. It’s a bit like the credit limit on your credit card. Once you know your limit, you can spend up to that limit at any merchant that accepts ProspaPay.
No. ProspaPay pays the vendor directly for your goods and services, and you then pay Prospa in weekly repayment amounts.
No, ProspaPay is an interest-free finance product. Unlike when you use a credit card or a loan to make business purchases, you will never pay any interest when you use ProspaPay.
There are no fees when you use ProspaPay (as long as you make your payments on time)
Your ProspaPay payments are automatically deducted every week from your nominated business account.
ProspaPay can be used to purchase goods and services from a growing range of selected and approved vendors. Please contact us on 1300 706 983 (9am to 6pm, Monday to Friday) to find out who offers ProspaPay near you. Or ask your preferred supplier to contact us on 1300 706 983 to find out about how they can offer ProspaPay.
You can use ProspaPay to purchase goods from different vendors up to the combined value of your maximum spend limit. See ‘How much can I spend with ProspaPay?’ above.
A 3 months term (13 weeks) is available to you on ProspaPay
ProspaPay offers flexible repayments, so you can generally choose which day of the week is best to deduct the payment.
There are no fees for early repayment, but there are no discounts either. Your repayment amounts are detailed in your contract. You are free to pay out the contract early by paying the total amount detailed in your contract.
Please contact us on 1300 706 983 (9am to 6pm, Monday to Friday).
Please contact us on 1300 706 983 (9am to 6pm, Monday to Friday) if you would like to discuss increasing your ‘maximum spend’ amount.
We can help. Please contact us immediately on 1300 706 983 (9am to 6pm, Monday to Friday).
This function is not available yet. However, you can find out your balance at any time by calling ProspaPay on 1300 706 983 (9am to 6pm, Monday to Friday).
Vendors who wish to offer ProspaPay should call us on 1300 706 983 (9am to 6pm, Monday to Friday). We can arrange a face to face meeting to discuss the ProspaPay service offering and options available.
ProspaPay is a product offered by Prospa, Australia’s #1 online lender to small business.
Standard credit assessment, fees, terms and conditions apply.
Australian Credit Licence 454782 | ABN 47 154 775 667