Unsecured business loans in Australia
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An unsecured business loan is funded on your revenue and trading history rather than on property or equipment. The banks publish limits of $50,000 to $500,000 and the online lenders $5,000 to $1M, each with a published floor on trading history and turnover. Most still take a director's guarantee, and the rate sits above secured lending because the lender has no asset to fall back on.
Who is eligible for an unsecured business loan?
Sole traders, partnerships, companies and trusts can all borrow unsecured; what decides it is the trading history and turnover each lender publishes, and most lenders also take a director's guarantee. These are the floors as each lender showed them on 10 October 2026. Meeting one is where assessment starts, not an approval.
| Lender | Minimum trading | Turnover floor | Security and size |
|---|---|---|---|
| Bizcap | 4 months | $12,000 a month | Unsecured or secured; $5,000 to $7.5M |
| Prospa | 6 months (2 years for its line of credit) | $6,000 a month | Property or asset ownership needed above $150,000 |
| Lumi | 6 months | $50,000 a year | Unsecured options; line of credit up to $1M |
| ANZ GoBiz | 6 months of reconciled accounting data | GST registered if turnover is $75,000 or more | No asset security to $200,000; a general security agreement from $200,000 to $500,000 |
| Moula | 12 months | $10,000 a month; GST registered | Unsecured; $10,000 to $500,000 |
| OnDeck | 12 months | $100,000 a year | Unsecured; $10,000 to $300,000 |
| NAB QuickBiz | More than 12 months under the current ABN | $75,000 a year; GST registered | No security; $5,000 to $250,000 at 12.95% p.a. fixed |
Criteria change without notice; confirm with the lender. Published decision times are in which lender suits which business.
What is the monthly payment on a $50,000 business loan?
On an unsecured loan over 3 years, about $1,661 a month at 12% p.a., before fees; at 8% p.a. it is about $1,567 and at 25% p.a. about $1,988. On 10 October 2026 the banks' published unsecured rates started at 12.95% p.a. (NAB QuickBiz) and 13.09% p.a. (CommBank), and online lenders mostly quote higher after assessment.
Unsecured business loan repayments over 3 years
| Loan amount | Monthly repayment at | |||
|---|---|---|---|---|
| 8%p.a. | 12%p.a. | 18%p.a. | 25%p.a. | |
| $20,000 | $627 | $664 | $723 | $795 |
| $50,000 | $1,567 | $1,661 | $1,808 | $1,988 |
| $100,000 | $3,134 | $3,321 | $3,615 | $3,976 |
| $150,000 | $4,700 | $4,982 | $5,423 | $5,964 |
| $250,000 | $7,834 | $8,304 | $9,038 | $9,940 |
Scroll the table sideways for more rates
Illustrative monthly principal and interest repayments over 3 years, before fees and charges. Rates are examples, not offers; your rate depends on the lender and your circumstances. Unsecured terms run from 3 to 60 months; many online lenders collect daily or weekly. Use the business loan repayment calculator.
Looking for $50,000 in business funding? Ask a broker to compare your options.
We’ll connect you with one licensed business finance broker who compares lenders for you and contacts you within one business day. Your figures go with the enquiry, so you won’t be asked for them again. They are estimates: the lender sets the real rate and terms.
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Calculator results are estimates only and do not constitute a quote or offer of finance. Actual repayments will depend on your individual circumstances, credit assessment, and the lender's terms. Fees and charges may apply.
Unsecured business loan lenders a broker can compare
The online and specialist lenders in our directory that write unsecured term loans and lines of credit. The banks' unsecured products are in the published terms table below.
| Lender | Products | Current rate |
|---|---|---|
| Australia and New Zealand Banking GroupMajor bank | Products:
| Current rate: ANZ rate card (opens in a new tab) |
| Commonwealth Bank of AustraliaMajor bank | Products:
| Current rate: CommBank rate card (opens in a new tab) |
| National Australia BankMajor bank | Products:
| Current rate: NAB rate card (opens in a new tab) |
| Westpac Banking CorporationMajor bank | Products:
| Current rate: Westpac rate card (opens in a new tab) |
| BankSAMajor-bank brand | Products:
| Current rate: BankSA rate card (opens in a new tab) |
| Suncorp BankMajor-bank brand | Products:
| Current rate: Suncorp Bank rate card (opens in a new tab) |
| Macquarie BankTier-2 bank | Products:
| Current rate: Macquarie rate card (opens in a new tab) |
| Liberty FinancialNon-bank | Products:
| Current rate: Liberty rate card (opens in a new tab) |
| Banjo LoansSpecialist | Products:
| Current rate: Ask a broker |
| Capify AustraliaSpecialist | Products:
| Current rate: Ask a broker |
| GetCapital (Shift)Specialist | Products:
| Current rate: Ask a broker |
| Lumi FinanceSpecialist | Products:
| Current rate: Ask a broker |
Inclusion is editorial reference, not a recommendation. Rates change often, so we only show a rate we captured from the lender's own page in the last 60 days, with a link to that page; otherwise we link to the lender's rate card where it publishes one. The broker you are matched with compares the lenders on their own panel.
See all 22 business loan lenders- Borrow $5,000 to $500,000 from most lenders without property security; ANZ lends to $200,000 unsecured and NAB QuickBiz to $250,000
- Published unsecured rates on 10 October 2026: NAB QuickBiz 12.95% p.a. fixed, CommBank from 13.09% p.a., Lumi's line of credit from 15.5% APR; most online lenders quote after assessment
- Published speed: NAB QuickBiz an instant decision, Prospa a response in as little as one hour, OnDeck and Lumi same-day funding
- Flexible terms from 3 to 60 months with fixed or variable rates
- Trading history floors from 4 months (Bizcap) and 6 months (Prospa, Lumi) to 12 months (Moula, OnDeck, NAB QuickBiz)
What is an unsecured business loan?
An unsecured business loan provides funding to your business without requiring property, equipment, or other significant assets as collateral. Instead of relying on the value of your assets, lenders assess your business on trading performance, cash flow, revenue history, and credit profile.
For many Australian small and medium businesses, unsecured loans are the fastest path to funding. Without property valuations or complex security documentation, lenders can process applications faster than secured loans, and many non-bank lenders assess your bank statements and accounting data directly.
Unsecured business loans are popular for working capital, stock purchases, marketing campaigns, bridging cash flow gaps, and time-sensitive opportunities. They also suit businesses that do not own property but have strong revenue.
Which lenders offer unsecured business loans, and on what terms?
Every major bank and every online lender publishes an unsecured option; the differences are the ceiling, the point at which a guarantee or security is asked for, and the trading floors. Checked against each lender's published product page on 20 September 2026. Terms change without notice; confirm the current position with the lender or your broker before relying on it. Where a lender does not publish a figure the cell says so.
| Lender | Unsecured limit | Term | Published floors | Other published terms |
|---|---|---|---|---|
| ANZ | Up to $200,000 with no asset security (via GoBiz); $200,000 to $500,000 may need a General Security Agreement and a director's guarantee | Up to 7 years variable or 3 years fixed | Six months of accounting-software history or an existing ANZ customer | $0 upfront fee, $0 admin fee, no approval fee |
| NAB QuickBiz | Up to $250,000 | 12 to 60 months, fixed rate, principal and interest | GST registered; turnover of at least $75,000 a year; ABN or ACN for more than 12 months | Instant online decision; funds on approval and acceptance; unsecured overdraft to $50,000 |
| CommBank | BetterBusiness Loan unsecured, access limits up to $250,000 (re-checked 10 October 2026) | Up to 7 years | Not published | Variable from 13.09% p.a.; instant decision in NetBank if eligible; $35 monthly loan service fee |
| Westpac (startup loan) | $10,000 to $50,000 | Up to 5 years | ABN under 2 years old; Westpac business account | $0 monthly fee |
| Prospa | $5,000 to $500,000; no upfront security to $150,000, property ownership above | Up to 5 years; over 3 years only above $150,000 | 6 months trading; $6,000 monthly turnover | Response in as little as one hour |
| Capify | $5,000 to $1M | 3 to 12 months | $10,000 monthly turnover | Funding within 24 to 48 hours |
| Lumi | Most loans to $300,000 unsecured; up to $1M | Up to 5 years | 6 months trading; $50,000 annual revenue | Same-day funding advertised |
| Moula | $10,000 to $500,000 | Up to 5 years | 12 months trading; $10,000 monthly sales; GST registered | Decision within 24 hours |
| OnDeck | $10,000 to $300,000 | 6 to 30 months | 12 months trading; $100,000 annual revenue; no major credit issues | Same-day funding on Lightning Loans |
| Bizcap | $5,000 to $7.5M unsecured or secured | Not published | 4 months trading; $12,000 monthly revenue | Same-day funding; bad credit considered |
How do unsecured business loans work?
When you apply, the lender typically asks for recent business bank statements (usually 6 months), BAS returns and identification. Rather than valuing a property or asset, it focuses on whether the business can service the loan from operating cash flow.
How the rate is set
Most unsecured lenders combine credit scoring, cash flow analysis and industry risk to set your eligibility and rate. Businesses with consistent revenue, clean credit histories and stable trading qualify for the lowest rate each lender offers.
The guarantee
A director's personal guarantee is typically required, meaning you are personally responsible if the business cannot repay, but no physical asset is pledged. If the business defaults, the lender cannot seize a specific property, but it can pursue the directors under the guarantee.
Terms and repayments
Terms generally run from 3 to 60 months. Shorter terms are common for working capital, while longer terms spread the cost of larger amounts. Repayments can be daily, weekly, fortnightly or monthly depending on the lender.
What if you have no formal accounts?
The eligibility table above sets out each lender's floor. Some lenders offer low doc business loans where bank statement analysis alone is enough, removing the need for tax returns, financial statements or BAS. These suit businesses that can show strong cash flow through their banking but lack formal accounts.
Unsecured or secured: which is right for you?
The trade-off is speed and convenience against cost. Unsecured loans are quicker to approve and need less paperwork, but carry higher rates to compensate the lender for the extra risk.
Unsecured loans suit you when you need funds quickly, do not own property to offer, need amounts under $500,000, or prefer not to encumber your assets. Secured business loans are better when you have property equity, need larger amounts, want the lowest rate and can wait for a valuation.
Many businesses use both: a secured loan for a large expansion or property purchase, and an unsecured line of credit or short-term loan for day-to-day cash flow. A broker can help you work out the right mix; see small business loans for the full range.
How a broker match works
What happens after you ask to be matched with a broker.
Answer a few questions
Tell us the amount, what it is for and how long the business has been trading. It takes a few minutes.
A broker contacts you
A licensed business finance broker reviews your details and asks for bank statements and ID.
Lenders compared
They compare unsecured lenders on their panel against your turnover, trading history and credit file.
You decide
You choose whether to apply; the lender assesses the application and, if approved, funds the loan.
Related business finance
Explore other funding options for your business.
Unsecured business loan FAQs
What is the monthly payment on a $50,000 business loan?
How much can I borrow on an unsecured business loan?
Do unsecured business loans need a personal guarantee?
What is an unsecured business loan?
What are the interest rates on unsecured business loans?
How fast can I get an unsecured business loan?
Can I get an unsecured loan to start a business?
Can I get an unsecured loan with bad credit?
What documents do I need for an unsecured business loan?
WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Comparison rates are calculated on a secured loan of $150,000 over 25 years for home loans and a loan of $30,000 over 5 years for car and personal loans, unless the lender states another basis. Business loans and equipment finance for a business purpose have no mandatory comparison rate.
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