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Please note that OK Money is no longer in operation. The information on this page has been kept for the benefit of those who are interested and historical records only.
10%
Upfront Fee
$25,000
Max. Loan Amount
1 to 3 years
Loan Term
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Product Name | OK Money Business Loan |
---|---|
Min. Loan Amount | $5,000 |
Max. Loan Amount | $25,000 |
Loan Security | Secured |
Upfront Fee | 10% |
Loan Term | 1 to 3 years |
You have to start by applying for this loan, which you can do by visiting any of OK Money's 18 stores spread across Queensland, New South Wales, and Northern Territory. You can also apply online or over the phone. Along with your application, you have to submit certain supporting documents like your business' financials as well as details of the security you wish to provide.
Once OK Money approves your loan and you accept the loan's contract, you can visit an OK Money store to collect the funds, or have OK Money transfer the funds electronically to your bank account.
You have to start making repayments soon after in accordance to the repayment terms until you pay the loan off entirely.
When OK Money approves your loan application it gives you a contract with the loan's terms and conditions, and this document also lists all applicable fees and charges. While you have to pay some of these fees, you can avoid certain others, and the following should give you an idea of what you would end up paying depending on how much you borrow.
Applying for an OK Money loan is easy, and you can apply online, over the phone or in-store. The following criteria need to be met in order for you to apply:
The application requires you to part with different types of information, which includes the following:
The OK Money Business Loan can solve your problem of requiring money in a hurry, but since this is not the only loan of its kind, compare a few to establish which one suits you best.
Whilst we don't compare OK Money Business Loan directly, use the table below to see how they compare against other loans