Prospa vs Moula
Prospa and Moula both lend unsecured to Australian businesses, but they get to a decision differently. Moula leans heavily on your bank-transaction and accounting data, which suits a business with clean, readable books, and it publishes a from-rate so you have a number to anchor to. Prospa prices each loan on simple interest and is built to fund quickly once approved. The right one depends on how your business looks on paper and how fast you need the money.
Prospa
Prospa is an ASX-listed Australian small-business lender offering unsecured business loans ($5,000 to $500,000) and a line of credit ($2,000 to $500,000), priced on simple interest and funded fast.
See Prospa in full
Moula
Moula is an Australian non-bank lender providing unsecured business term loans, assessed largely from a business's bank-transaction and accounting data, with funding from $10,000 up to $500,000.
See Moula in fullSide by side
| Prospa | Moula | |
|---|---|---|
| Advertised rate from | Quote-based | From 15.99% p.a. |
| Loan size | $5,000 – $500,000 | $10,000 – $500,000 |
| Typical speed | Funds within an hour of signing | Next business day |
| Products | Term loan, Line of credit or overdraft | Term loan |
| AFIA Code signatory | Yes | Yes |
Advertised figures from each lender's own site, indicative only and not a quote. Your rate and limit depend on the lender's assessment of your business.
The verdict
Moula tends to suit a data-rich business that wants a published rate to start from; Prospa suits one that values speed and has a clean file. Both cap out around $500,000. Tell us your numbers once and we'll show you which of the two your enquiry fits, alongside the other lenders we compare.
Check which one fits your business
One short enquiry and a person will tell you which of Prospa, Moula and the other lenders we compare your business plausibly fits. Free, no documents, and enquiring won't affect your credit score.
If your loan settles, Refer Labs may be paid a share of the broker's commission, or a commission from the lender. This never changes what you pay, and we are not paid to rank one lender above another. How we make money.