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Highlight Overview

Loan Period

Up to 12 months

Loan Range

$1,000-$50,000

Pros

  • Startups welcome
  • Flexible repayment terms
  • Additional repayments allowed

Cons

  • Small loan amount range
  • Interest rate not set
  • Security required

Bottom Line

LoanOne provides business loans to Australian SMBs, including startups and SMBs with low credit scores

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Full Review

LoanOne has been in the lending business since 2016 and is growing in the Australian market. The company is committed to responsible lending and provides full transparency to its customers.

What We Like Best

  • Full transparency
  • Early repayment allowed - meaning less interest
  • Doesn’t judge based on credit score

Loan Features

  • Type of Loan: Secured business loan
  • Loan Amount: $1K-$50K
  • Term of Loan: Up to 12 months

Requirements for Loan

  • Minimum 3 months bank statements (business or personal)
  • Australian citizen or permanent residency
  • 18 years and over
  • The applicant must own a registered mortgage-free motor vehicle or a property
  • Reasonable credit history: not currently declared bankrupt or under a Part IX Debt Agreement

Application Process

The LoanOne online application is fast and easy, with customer service available to assist.

Safety & Security

LoanOne firmly believes in ‘Responsible Lending’, complies with industry standards and offers full data protection.

Bottom Line

LoanOne is a good option for businesses with low credit scores who are willing to put up security to ensure a quick loan with attractive terms.

 

Please note that all information provided in this review is accurate at the time of publication and is subject to change. The information contained in this review is provided for informational purposes only, should not be construed as legal advice on any subject matter and should not be relied upon as such. The reviewer accepts no responsibility for any consequences whatsoever arising from the use of such information.

Quick Facts About LoanOne

Committed to Responsible Lending
Business and Personal Loans

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