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This loan is for small businesses with an ABN in need of short-term finance. The turnaround time is quick, and you can use it to pay for a range of business needs. It is similar to a payday loan, in that it has a similar fee structure and repayment terms. You can borrow between $100 and $1,000, for loan terms of 16 to 30 months. Your cost will include an establishment fee of 20% of the principal loan amount + 4% of principal amount per month
20%
Upfront Fee
$1,000
Max. Loan Amount
16 to 30 months
Loan Term
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Product Name | MiFinance ABN Loan |
---|---|
Min. Loan Amount | $100 |
Max. Loan Amount | $1,000 |
Loan Security | Secured |
Upfront Fee | 20% |
Loan Term | 16 to 30 months |
Requirements | 18+, earn at least $400 p/w and have a valid ABN |
Up to $1,000 can be applied for online by anyone looking to cover small business needs. Submit your application online and sign the contract, after which you'll be asked for proof of your income, expenditure and also your banking details. You'll then find out if you've been approved within minutes. The loan will be transferred into your account quickly after approval and your repayment terms will be spread across 30 days.
Taking out an ABN Loan with MiFinance gives you and your small business access to several features and benefits, including:
MiFinance has a transparent fee structure for its loans. When you take out an ABN Loan you will pay:
Click 'Go to Site' if you're interested in applying for an ABN Loan with MiFinance. You'll need to be able to say 'yes' to the following to be able to apply:
If you meet the above criteria, you can start your application. Having the following details on hand can speed up the process:
If you have a BSB and are looking for a short-term financing solution, Mifinance's ABN Loan is one to consider. Make sure you compare other similar options before you apply.
Whilst we don't compare MiFinance ABN Loan directly, use the table below to see how it compares against other loans.