with no repayments
Still have things to tick off your EOFY
list? Now you can with nothing to pay until July.^
You’re eligible for this exclusive~ offer if you’re approved for an MYOB Loan powered by OnDeck, before 30 June 2019. Whether it’s money for new tools, an opportunity to purchase stock or perhaps a cash flow kick, MYOB Loans can provide you with the finance you need in as fast as one business day.
Secure this great offer today!
Benefits of MYOB Loans powered by OnDeck
- OnDeck are Australian-based loan specialists
- $10+ billion in funding delivered to businesses globally^
- OnDeck has helped over a thousand businesses just like yours
Frequently Asked Questions
OnDeck has partnered with MYOB to help MYOB customers access financing solutions for their businesses. OnDeck is a direct lender of business loans (also called “working capital” loans) to the small business market. OnDeck is not a “peer to peer” lender or crowd funder and does not lend to consumers.
OnDeck Capital Australia Pty Ltd (“OnDeck Australia”) is a subsidiary
of US-based On Deck Capital, Inc. MYOB holds a 30% stake in OnDeck
Australia and earns a commission on loans referred to OnDeck
OnDeck provides business loans from $10,000 - $250,000 over 6-24 months.
Unsecured business loans designed for inventory, marketing,
equipment, cash flow, or any other opportunity for your business to
generate a positive return. OnDeck doesn’t take security over your
assets, however they do require a personal guarantee.
Rates: OnDeck offers a range of interest rates, which are determined based on your business credit score. The interest rate for your loan could be commensurate with bank lending, or as high as a business credit card, depending on your credit rating.
Fees: OnDeck charges a standard 2.5% origination fee for its lending. There is no application fee.
If you’ve been pre-qualified by MYOB, it was based on criteria that OnDeck has provided. MYOB has not shared any of your personal or business information with OnDeck.
It’s a simple 10 minute application. All you need are 3 months of
business bank statements. Or call us and we’ll help you over the phone
on 1800 817 596.
Approval will be based on the health of your business cash-flow, as
well as your business credit score
OnDeck offers loan terms of between six months and two years,
depending on your business needs and qualifications.
Loans are repaid automatically through a fixed weekly or daily debit
to your business account.
Once approved, you could receive funding as soon as the next business
MYOB has not shared any of your personal or business information with
OnDeck. OnDeck has provided MYOB with its lending criteria to enable
MYOB to internally determine your loan pre-qualification.
^ This offer to defer
commencement of loan payments is only available to MYOB customers
taking their first OnDeck unsecured Term Loan with the loan
agreement commencing between 29 April 2019 and 30 June 2019. Term
loan applications are subject to strict eligibility criteria. For
full business loan terms and conditions see www.ondeck.com.au
. This offer does not apply
to existing OnDeck customers, or to OnDeck’s Secured Equipment
Finance product. Terms of the offer are: loan repayments begin the
week commencing Monday 1st July 2019; and if you choose to accept
the offer, the total loan term will be extended by the period of
time equal to your loan payment deferral. Not valid in conjunction
with any other offer.
~ Exclusive to MYOB and selected OnDeck contacts.
3 Source NPS responses for MYOB Loans customers March 2019.