GetCapital Line of Credit Loan

Information verified correct on December 10th, 2016

Looking for a flexible line of credit of up to $300,000 for your business? Consider what GetCapital has to offer.

If you're looking for finance for your business, GetCapital's Flexible Business Loan might be an option for you. You can take advantage of a convenient online application as well as a relationship manager that will help you through the lending process. Qantas Aquire Points can also be earned for money that you borrow up to a certain limit. Lines of credit between $5,000 and $300,000 are available for any business purpose, so read the review to find out if this is the right funding option for your business.

Product NameGetCapital
Max. Loan Amount$300,000
Min Loan Amount$5,000
Minimum Loan Term0.25 years
Comparison Rate (p.a.)13.18%
Loan SecurityUnsecured
Loan Term3-12 months

How does a loan from GetCapital work?

This loan is a line of credit, so you can draw up to your limit throughout your loan term as long as you keep making ongoing weekly repayments via direct debit. You can apply for a credit limit between $5,000 and $300,000 and you have to make ongoing weekly principal and interest repayments via direct debit. Once you repay funds they become available again, and you can repay and redraw as you like. Keep in mind that fees apply for this loan.

Features on offer with the Line of Credit from GetCapital

When you apply for a Flexible Business Loan from GetCapital, you'll have access to the following features:

  • Earn Qantas Aquire Points. Your business can earn 1 Qantas Aquire Point for every dollar you borrow up to 30,000 points per Line of Credit loan. You also earn a bonus 10,000 Qantas Aquire Points per loan.
  • Generous loan amount. Variable loan amounts between $5,000 and $300,000 are available, making the loan suitable for a range of businesses and business needs. You can also use the loan for any business purpose you have in mind.
  • Easy repayments. You repay the loan via a weekly direct debit, and since the interest rate is from 0.75% (depending on your risk profile) you can budget easily.
  • Flexible revolving credit line. Once you make repayments on the loan, the funds become available again. This is for the entire loan term, which is for between 3-12 months.

How much does this loan cost?

The following fees and charges are associated with this loan:

    • Interest rate: Monthly fixed rate from 0.75% (this may change based on your risk profile)
  • Direct debit fee: $3.80 charged weekly
  • Drawdown fee: 1%

How you can apply for GetCapital's Line of Credit loan

If you're ready to apply with GetCapital, click "Go to Site" to get your online application started. First, check that your business meets the following eligibility criteria:

  • Your business has been trading for at least nine months
  • You have $10,000 in sales per month
  • The loan will be for 100% business use

You'll need your name, contact details, business name, requested loan amount and current monthly turnover for the initial application, following which you will need to provide supporting documents. If you're approved you will receive a loan offer and a relationship manager will help you through the rest of the loan process.

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