Imagine what your
could do with extra capital
How can $50,000 help you get on with the job?
Need to improve cash flow, purchase inventory or refinance? Apply for a business loan from $10,000 – $250,000 from MYOB Loans Powered
by OnDeck. You can easily apply online in less than 10 minutes, and you could receive funding in as fast as 24 hours.
3 Steps to your next loan
You could receive funding in as fast as 24 hours
- OnDeck are Australian-based loan specialists
- $10+ billion in funding delivered to businesses globally*
- OnDeck has helped over a thousand businesses just like yours
“I would recommend MYOB Loans to other businesses and we will continue to use it in the future.”
Siobhan Belmore, Tree Access Owner
Business loans in as fast as 24 hours
Approvals happen fast, so you can get the money you need to get on with it
Australian based support
Loan Specialists are available to speak to you Monday to Friday 9am – 6pm reach them easily on 1800 817 596
9 out of 10 customers who took an MYOB loan recalled a great service^
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: you may find lower rates at a bank – if they approve you. But you will find OnDeck’s rates competitive, funding fast and service world class.
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.
Loans are issued by On Deck Capital
Australia Pty Ltd ABN 28 603 753 215. Loans subject to lender
*Information refers to the operations of the OnDeck Group, including On Deck Capital, Inc. and its subsidiaries.
MYOB holds a 30% stake in OnDeck Australia and has a referral agreement under which it earns a commission on loans referred to OnDeck Australia.
^ Source: NPS Responses for MYOB Loans customers July 2018
†To be eligible for this $500 Gift Card you must have applied, been approved and taken out a loan of at least $20,000 with OnDeck. This offer is only available for new OnDeck customers who received this offer and applied with the code WC500OFFER before 30 November 2018. Eligible recipients will be emailed from the 3rd of December with details to claim their $500 gift card.