Unsecured business loans in Australia
An unsecured business loan is finance you don't have to back with property or a specific asset. Because the lender can't fall back on collateral, approval leans on your trading history and cash flow, funding is usually faster, and the rate is higher than a secured bank loan. In Australia most online business lenders, including the ones on our panel, are unsecured, which is why they can fund in days rather than weeks.
When unsecured makes sense
Unsecured suits businesses that need money quickly, don't want to tie up their home or equipment, or don't have an asset to offer. The trade is cost: you pay for the speed and the lender's extra risk.
- You need funds in days, not weeks
- You'd rather not put property on the line
- The amount is modest relative to your revenue
- You have consistent bank-account turnover the lender can see
What it costs, and how to compare
Unsecured rates sit above secured bank lending. Don't compare on the headline percentage alone: fold in establishment and ongoing fees, and for short-term or factor-rate products, convert the total to dollars over the full term. That single number is the only fair basis for comparison.
Panel lenders that may fit
| Lender | Advertised rate from | Loan size | Typical speed | Products | Industry code |
|---|---|---|---|---|---|
 Lumi | Quote-based | $5,000 – $1,000,000 | Same business day | Term loan, Line of credit | AFIA Code signatory |
 Moula | From 15.99% p.a. | $10,000 – $500,000 | Next business day | Term loan | AFIA Code signatory |
 Prospa | Quote-based | $5,000 – $500,000 | Funds within an hour of signing | Term loan, Line of credit | AFIA Code signatory |
Terms as at July 2026, from each lender's own site. “Quote-based” means the lender prices each loan individually (Lumi quotes a total repayment; Prospa uses simple interest) rather than publishing a headline rate. Figures are indicative, not a quote; your rate depends on the lender's assessment. Verify current terms with the lender.
Refer Labs may be paid a commission by a lender if your loan settles. This never changes what you pay, and we are not paid to rank one lender above another. How we make money.
Check your options in about a minute
Tell us what you need. A person reviews every enquiry and introduces you to the lenders that fit. No documents to upload.
Common questions
- How much can I borrow unsecured?
- It depends on the lender and your turnover. Across our current panel, advertised limits run from a few thousand dollars up to $750,000, but the amount you're offered reflects the lender's assessment of your revenue and history.
- Do I still need good credit?
- It helps. With no asset backing the loan, lenders weight your credit profile and cash flow more heavily. Some consider businesses with past credit issues; a person reviews your enquiry and points you to the lenders most likely to fit.
- Is a director's guarantee the same as security?
- Not quite. Many unsecured loans still ask for a personal guarantee from a director, which makes you personally liable if the business can't repay, but it isn't a mortgage over a specific asset. Read what you're signing.