Capify Unsecured Business Loans

Apply for up to $400,000 from Capify and enjoy a simple application process.

If you're looking for a flexible business loan, this unsecured financing option from Capify may be one to consider. You can apply for however much you need, with loans of between $5,000 and $400,000 available, and you can have your approved funds in a couple of days. Repayments can be flexible to suit your business' cash flow. Find out more about the benefits of a Capify Business Loan in the review below.

Product NameCapify Business Loans
Interest Rate TypeVariable
Maximum Loan Term1.25 years
Min Loan Amount$5,000
Max. Loan Amount$400,000
Application Fee$0
Loan SecurityUnsecured

How does an Unsecured Business Loan from Capify work?

Check your business is eligible to apply – it needs to have been in operation for a minimum of six months and meet minimum monthly turnover requirements. The approval process is online and should only take 60 seconds to complete If the application is approved you can receive your funds within three business days.

The funds received from a Capify loan can be used for any business purpose. The repayment terms differ depending on your business, but can be between three to 15 months. When it comes to repaying your loan there is a fixed daily repayment schedule, but if your business is seasonal Capify has a Flex program to adjust to your business needs.

Features of a Capify Business Loan

There are several benefits with Capify's business financing, including:

  • No security is required. Some business financing options require security which can be restricting for business owners that cannot provide it. No security is required for a Capify Business Loan.
  • Quick application and turnaround time. The application only takes 60 second to complete and you can receive your approved funds within three days.
  • Flexible loan repayments. This loan comes with a fixed daily payment schedule. However, payments can be more flexible for businesses that are seasonal using Capify's Flex program. Terms can extend up to 15 months.
  • Varying loan amounts. You can apply for a Business loan of between $5,000 and $400,000.
  • Costs. Capify does not set an interest rate for your loan, but rather establishes a total payback amount in your loan contract. This will be repaid through your ongoing repayments.

How you can apply for business financing with Capify

If you want to apply for a Capify loan for your business, you can submit an online application by clicking "Go to Site". To be eligible, the business needs to meet the following criteria:

  • Have been in operation for at least six months
  • Have a minimum turnover of at least $10,000 per month

You'll need the following details to apply:

  • Bank statements for the last four to six months
  • Merchant statements for the last four to six months
  • A driver's licence for the owner of the business

Capify offers a competitive financing option to consider for your business, but remember to compare your options before starting your application.

Comparison of other business loans

Whilst we don't directly compare Capify Unsecured Business Loans, compare other business loans offering similar features.

Rates last updated February 24th, 2018
Name Product Min Loan Amount Max. Loan Amount Loan Term Application Fee Product Description
Prospa Business Loan
$5,000
$250,000
0.25 to 2 years
$0
Apply for up to $250,000 and receive your approved funds within one business day. Note: Businesses must have a turnover of more than $5,000 per month and be able to demonstrate 6 months of trading history.
NAB QuickBiz Loan
$5,000
$100,000
1 to 3 years
$0
An unsecured business loan from $5,000 that can be processed in 1 business day. Businesses that apply and are approved before 30 April 2018 are eligible for a discounted interest rate of 12.95% p.a.
Moula Business Loan
$5,000
$250,000
0.5 to 2 years
$0
Small business loans of up to $250,000 approved and funded within 24 hours.
Transparent fees and rates. Note: Business must have been operating for at least 12 months and have monthly sales of at least $5,000.
Spotcap Loans
$10,000
$400,000
2 years
$0
Take advantage of a fixed interest rate and no upfront fees with this business loan, available up to $400,000. Note: Business must have been operating for at least 18 months and have turnover over $200,000.
Sail Unsecured Business Loan
$5,000
$100,000
1 year
2.5% origination fee
Apply for up to $5,000 even if you have bad credit. Note: Business must have been operating for at least 6 months and have turnover over $50,000.
OnDeck Business Loans
$10,000
$150,000
0.5 to 2 years
$0 (2.5% origination fee)
Apply online for up to $150,000 with OnDeck and receive approved funds in one business day.
businessloans.com.au Flexible Business Loan
$5,000
$500,000
0.5 to 1 years
1.5% Initial draw down fee
A 100% online business loan with amounts available from $5,000. Flexible eligibility criteria and transparent rates and fees.

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2 Responses

  1. Default Gravatar
    AshanSeptember 6, 2017

    I have started this business in May. would I be able to get a loan from Capify if I can provide bank statements and also earn around 20k a month.

    • Staff
      MaySeptember 8, 2017Staff

      Hi Ashan,

      Thank you for your inquiry.

      If you can meet all the eligibility requirements set out above, you may contact Capify to inquire about your loan options and eligibility. Just please note though as mentioned in the above list of requirements, you’d need to provide Bank statements for the last four to six months and Merchant statements for the last four to six months.

      Just in case you may want to check your other business loan options, you can visit this page.

      Hope this helps.

      Cheers,
      May

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