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Heartland Australia Small Business Loan
Borrow from $10,000 up to $150,000. Borrowing amounts depend on your business turnover.
- Heartland Australia is no longer accepting new applications for its small business loan. Existing customers can still contact them for support.
Heartland Australia is a digital banking provider providing small business loans from $10,000 up to $150,000. Loan terms are from 1 to 5 years. This loan is unsecured and does not require an asset as collateral. Applications are online and easy to complete. The rate of interest starts from 7.99% but can vary. Costs include an establishment fee of $240 and a dealer, broker or introducer fee of $120.
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$240
Upfront Fee
$150,000
Max. Loan Amount
1 to 5 years
Loan Term
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Details
| Product Name | Heartland Australia Small Business Loan |
|---|---|
| Min. Loan Amount | $10,000 |
| Max. Loan Amount | $150,000 |
| Loan Security | Unsecured |
| Upfront Fee | $240 |
| Loan Term | 1 to 5 years |
- Heartland Australia is no longer accepting new applications for its small business loan. Existing customers can still contact them for support.
How does the Heartland Australia "Open for Business" loan work?
You're able to apply for loans of between $10,000 and $150,000. When you apply for the loan, you're required to submit business data, such as your annual business turnover, what industry you're in and why you're looking to get the funds.
Once you're approved, a representative from Heartland will get in contact with you and sort out the rest of the loan application. You're able to get pre-approved through the online application process. You can expect your money within the next two to three business days. You have 5 years to pay back this loan.
Features of the Heartland Australia "Open for Business" loan
Some of the features that are included with the Heartland Australia Small Business Loan are:
- Simple online application. The online application is easy and straightforward to follow. All that needs to be done is to enter your business data, such as your annual business turnover and what industry you're in, as well as a contact number. Once you've filled out your application, you'll receive a response in seconds through the help of smart questioning. The next business day, one of the Heartland Australia specialists will get in contact with you to sort out the rest of the paperwork.
- Borrowing amount. Loan amounts of between $10,000 and $150,000 are available. The amount you're approved for is largely to do with your business turnover.
- Long loan term. You have 5 years to pay off this business loan.
- Variable interest rates. The interest rate varies but starts from 7.99%.
- Business eligibility varies. Whether or not you are able to apply for this loan varies on your yearly turnover and the amount you want to apply for.
- Unsecured loan. This loan is unsecured, which means no asset needs to be put forward in order to be considered. However, this means that the loan rates will be higher as there is a greater risk to the lender.
How much does the loan cost?
The loan has a variety of fees, which you can see below:
- An establishment fee of $240
- A dealer/broker/introducer fee of $120
- A refund fee of $16
- A statement fee of $5
- A late payment fee of 6% above the current interest rate
How to apply for the Heartland Australia "Open for Business" loan
When applying for an Australia Heartland small business loan, click on "Go to site" and ensure you meet the following criteria:
- Be 18 years of age or older
- Have an Australian Business Number (ABN)
Some of the documents you need include:
- Your business contact number
- Your business bank statements. This includes your annual business turnover number, as this is one of the questions that need to be answered in the online application process
The Heartland Australia Small Business Loan is ideal if you're looking to grow your business or purchase a new vehicle. However, compare other business loans before making a final decision.
