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Flexible Australian Business Loans: Why They're Top Priority for SMEs

  • loan45
  • Aug 26, 2024
  • 2 min read

Updated: Dec 2, 2024



In today's ever-changing economic landscape, Australian small and medium-sized enterprises (SMEs) are prioritizing flexibility when it comes to securing financing. This is no surprise considering the turbulent market conditions experienced over the past few years.


A recent study revealed that one-third of SMEs (33%) prioritize lenders offering flexible repayment options when applying for Australian business loans within the next year.


What is a Flexible Business Loan Repayment Plan?

The study found that for many SMEs, flexible repayment terms primarily translate to flexible timeframes. This includes the ability to:


  • Repay loans early

  • Extend repayment periods

  • Make no repayments for a limited period (e.g., up to 8 weeks)


As evidenced by research, the past few years have forced Australian SMEs to develop agility and innovate to survive. This challenging economic climate makes it understandable why business owners prioritize flexibility in their financing options. Flexible repayment plans empower them to navigate unforeseen circumstances and adjust operations to ensure business continuity.


Exploring Fast Business Loan Options with The Loan Club


Australia's small business loan landscape is undergoing a rapid transformation, fuelled by a wave of innovative lenders and loan products. Recognizing the crucial role of flexibility, The Loan Club empowers businesses with loans ranging from $10,000 to $200,000, coupled with flexible repayment terms up to 5 years.


Are you an SME owner seeking commercial loans?


The Loan Club can help! We offer a variety of private business loans options designed to meet your specific needs and cash flow requirements. Contact us today to explore your financing options and unlock the potential of your business!


Disclaimer: The information provided here is for general knowledge only and does not constitute financial advice. Please consult with a qualified professional before making any financial decisions.

 
 
 

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Disclaimer:

The information provided on our website is for general knowledge only and does not constitute financial advice. Please consult a qualified professional before making any financial decisions. 

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All loan applications are private and discreet. All loans are subject to meeting credit criteria. Our compliance obligations require us to collect, verify and record information that identifies each person or business who holds an account with The Loan Club. During the assessment process we will ask for details which identifies you such as name, address, and date of birth, we will also require a copy of your driver’s licence or other identifying documents and/or company documents as the case may be.

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​Commencing February 2025, minimum Annual Percentage Rate (APR) is 9.95% and the minimum annual Comparative Percentage Rate (CPR) which includes all fees and charges is 10.95%. The maximum APR is 19.95% and the maximum CPR is 20.50%. These rates are only indicative and will vary depending on many factors such as the applicant’s credit history, financial situation, ability to service the loan and assets or liabilities. Minimum repayment term is 52 weeks and maximum repayment term is 260 weeks.

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​Representative example: For a borrower who meets our credit criteria, a secured personal loan of $20,000.00 borrowed for 52 weeks with an interest rate of 9.95% per annum (CPR 10.95%), would estimate to a minimum total amount payable of $21,630.23. Rates, fees and charges are subject to change.

Warning:

These comparison rates only apply to the examples provided. Different amounts and terms will result in different comparison rates. Unascertainable costs such as discharge of mortgage, legal fees at settlement as well as administrative costs are not included in the comparison rate cost and may influence the cost of the loan.

 

The interest rate charged is determined by the loan amount and the loan term. The principal as well as fees and charges provided to an applicant will be established by the information they provide to us during the loan assessment process.

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