Simple and flexible
loans up to $250,000

Quick. Online. Easy.

How much do you need?

For how long?



For illustrative purposes only. The example shown above is based on an average customer. We base our decisions on several criteria and loans can only be granted to borrowers who can afford repayments. For more information about responsible lending contact us on 1800107010.

Unsecured business loans

Why choose MyOzMoney?

We are straight forward,
great to deal with and are all
about making it easier for you.

...

Quick application

Applying online takes less
than 5 minutes. That’s fast.

...

Easy to complete

It’s so quick and simple,
with no paperwork required.

...

Same day transfer

Once approved, we send cash
straight to your bank account.

What are unsecured business loans?

An unsecured business loan is a loan used for business purposes, that doesn’t need to be secured by an asset such as property, equipment, or shares in the company. In the event that you cannot pay back an unsecured business loan, you won’t be required to forfeit any of these assets like you would with a secured loan.

Are you eligible?

To be eligible, your business
must meet the following:

Be registered
in Australia

Trading for at
least 18 months

Turned over $200k
in the last 12 months

Have an Australian
online banking account

Ready to apply?

The basics of secured and unsecured loans

There are two basic types of business loans which business owners will encounter: secured and unsecured. To understand the difference in these loans, it is important to understand how banks think about the lending process.

For a bank, the biggest risk when issuing a loan is that the funds will never be paid back. If a business has a stellar credit rating and strong cash flow, the bank can be fairly confident that they will receive the loan amount back and interest payments when promised. In this case, they are likely to issue unsecured business loans – a loan which does not require the business to provide assets to the bank in the event they can not pay the loan back.

Unfortunately, however, for many businesses that are just starting out it can be challenging or even impossible to demonstrate evidence of cash flow. In these cases, the bank may be concerned about the business’s ability to pay this loan back.

To add an extra layer of protection in the lending process, banks may ask these businesses to secure the loan using assets – making it a secured loan. These assets could be property, equipment, or shares within the company, and in the event that the business can not pay the loan back, the bank may have the right to take possession of these assets which were used to secure the loan.

Secured loans provides an added level of risk for the business which takes the loan. If you can't make payments when promised, you may lose a critical piece of equipment which was used to secure the loan when you need it most. This is why many small businesses prefer unsecured loans.

Unsecured loans for your business

At MyOzMoney, we specialize in providing unsecured small business loans to Australian business owners. While many lenders may have sky-high interest rates for these types of small business loans, we pride ourselves on providing competitive loan interest rates o companies across Australia.

Our team of loan specialists has created a range of loan products to suit your specific needs, at the right interest rate that works for you. We understand that operating a business can be challenging, and we are here to simplify your capital and cash flow needs.

Click here to explore the loans available from MyOzMoney for your growing business. All that is required to receive a quote is the loan amount needed, the terms of the loan you are looking for, and your firm’s ability to pay.

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