Eligibility
Our eligibility criteria are simple and transparent. We only conduct credit checks if we’re a good fit to help solve your finance needs.
Need help? Chat to a specialist
Our business loan
Get started
Complete some basic business and personal information to get started.
Link your data
Link your online banking or accounting data, and we’ll determine how much we can lend.
Get funds fast
Once approved, provide us with your preferred business bank account, and we’ll have the funds to you fast.
Request a callback
Leave your details and a business lending specialist will be in touch. Alternatively, if you’d like to chat to someone right now you can give us a call on 1300 88 09 72 or use live chat.
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Business Loan FAQs
To be eligible for a loan, you will need to have:
- An ABN or ACN
- Been in business for at least 6 months
- At least $10,000 in monthly sales
- GST registration
You can borrow between $10,000 and $250,000. When you apply, we’ll let you know how much we’re able to lend based on your business’ data.
With Moula, there are no hidden fees and no hassle. We charge a 2% establishment (upfront) fee and no transaction fees. You pay back what you borrowed (principal) plus interest. Our interest rates range from 15.99% – 35.99% APR. We provide a very clear loan schedule setting out repayments and timing.
Check out our business loan calculator where you can get a clear picture of how much you’ll pay for the amount you wish to borrow, and download a sample repayment schedule for yourself.
A big difference between Moula and other lenders is that we don’t charge any sneaky additional fees whatsoever. We keep our pricing totally transparent, so you know exactly how much our loans cost.
Check out our business loan calculator where you can get a clear picture of how much you’ll pay for the amount you wish to borrow, and download a sample repayment schedule for yourself.
You can apply online in under 7 minutes, and will get a decision with 24 hours. If your loan is approved, the funds will be in your account within 24 hours.
By linking your business data to your application, we can view your transaction data and make a decision within 24 hours; much faster than banks, which can take 6 to 8 weeks to process an application.
Unlike a traditional loan, we’ve also eliminated the fine print, hidden fees, and complex paperwork. This means you understand what’s going on at every stage, and know exactly what your loan agreement means. We’re here to help grow your business, not hold it back.
Once you’ve told us who you are and given us to access your business data, we can make a responsible lending decision based on factors such as business profile, time in business, and transaction volume.
Yep, as with traditional lenders, we’ll check your credit score to help us make a responsible lending decision. We’ll always ask your permission before running a credit check.
Not much. Once you’ve permissioned us into your banking or accounting data, we can make our decision fast.
To comply with relevant law, we’ll also need your ABN or ACN, and we’ll also collect some personal, business and credit information along the way.
Moula’s here for the business community, not for the consumer. As such, we’re not licensed to provide consumer credit and need to be certain that any funds provided are for business purposes.
If your annual turnover is less than $75,000 and your business isn’t GST-registered, you're still eligible to apply.
