Congratulations, you’ve been pre-qualified for a business loan*
No more window shopping
Don’t miss out on new opportunities because a lack of capital is holding you back, or you simply don’t have the time to go through the traditional bank loan process. MYOB Loans Powered by OnDeck^ can help you get what your business needs right now.
It’s a simple way to get new inventory, hire new staff, buy
equipment, renovate, advertise or handle a temporary cash flow
3 steps to your next loan
A fast and easy 10 minute online application and recent business bank statements
Funding based on the health of your business
Receive funding in as fast as 1 business day
- OnDeck are Australian-based loan specialists
- $6+ 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
Highly skilled specialists dedicated to serving you
A dedicated Australian-based loan specialist ready to assist your unique business
Loan specialists are available to speak to you Monday to Friday 9am - 6pm reach them easily on 1800 817 596
96% of MYOB clients who used OnDeck 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 - $150,000 over 6-24
Working capital designed for inventory, marketing, equipment, cash
flow, or any other opportunity for your business to generate a
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.
All that’s required is a simple online application and 3 months of
bank statements – or you can apply over the phone.
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 OnDeck Capital Australia Pty Limited ABN
28 603 753 215 (OnDeck). MYOB holds a 30% stake in OnDeck and has a
receiving promotional materials from MYOB, please visit myob.com.au/privacy.
* Pre-qualification does not constitute an offer capable of
acceptance and is based on your business profile which may include
such as industry, time in business and annual revenue. OnDeck carries out further analysis on the health of your business to determine if you are
eligible for a loan and if applicable, to determine the final loan amount.