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Prospa
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I don't know how can they do this to me AGAIN & AGAIN
I had court case Argument with PROSPA about PROSPA done things without notice & cost me extra money & a lot of time to work out. I am suffering to deal with PROSPA, AND the worth part was the court order. My bank account was in native, by the court order taken & holding big amount of money out without any notice again (I have NO IDEA how CAN PROSPA LET THE COURT doing this). That was make a Huge impact to our BUSINESS & our life.
I Don't know what's to say. There are big number of people & business USING PROSPA, also there are big number of review........... I hope at end they will not trade as this................
DREAM COME TRUE
Hi guys I run a cleaning business and after several years it’s time to upgrade I have never had a loan and was usually very hard to get one, Prospa made my dreams come true and believed in me giving me a chance to reach all my goals thanks to Tristan and Erin for making this happen great customer service and will definitely recommend thank you..
- Verified
Jesse mayers
Im customer service was wonderful and real easy to talk to thank u to prospa for there wonderful customer service and im very satisfied with the loan they could help me out with
We love delivering on our promises and are committed to providing a fast and transparent customer experience.
Very fast efficient and helpful
Very satisfied, best experience of my life very helpful very efficient, all admin were very very helpful in many ways highly recommend this company to many people out there..... Great work to you all
Thank you for the feedback.
Find out how Prospa compares to other Business Loans
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The worse experience you can get
I have been borrowing from Prospa $70 k. The transaction was very fast and problem happen when you missed one payment with them, I have paid them all the week after but they have left out the $35 fee for this to charge you on $94 per day on interest rate and keep silent from it without noticing you right away and let you know a month later. It sucks all the business owner money and your loan is increasing dramatically due to this strategy. Avoid if you can
Hi Johnny, we regret to hear you had a poor experience. We believe in transparency and being open and real with our customers. Our loan agreement discloses a wide range of pricing metrics and fee disc...
Read morelosures to help you understand the cost of borrowing. We strongly encourage our customers to talk with our team to ensure they completely understand the cost of borrowing. Nevertheless, we would like to assist you with your circumstances, can you please contact us by email feedback@prospa.com or calling us on 1300 472 623? Our customer solutions team is empowered to work with our customers, to come to a solution together. We offer things like "one off payment deferrals" and reduced payments in certain circumstances.
Hi Prospa
Thanks for your quick reply, I have been sending message to you but without replying to the matter. It seems my problem has been ignored. It is frustrating to the business owner of this kin...
Prospa Loans Perfect to A TEE
Perfect to a Tee 100 100 1000 Lovely Team Members , very well presented straight to the point intrest loan repayment easy fast and very satisfying for a new customer who's never thought of loans as a great idea until now thank you Prospa for the approval and once again a very lovely Team you have with your Wonderful Bussines loan. Will diffanantly loan again if I have to from Prospa Loans
Thanks for the awesome review! We work hard to meet expectations like yours, and we’re happy to hear we hit the mark for you.
Quick, efficient, minimal paperwork
I found Prospa quick and easy. Service was fantastic. Friendly staff. Minimal paperwork. Applied for loan and received outcome same day. I Will definitely recommend to friends with small business.
Thank you!
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Customer service was amazing
Absolutely incredible customer service an agent by the name of James made the whole process easy and pain free
I am looking forward to working with Prospa in the future
We count ourselves lucky for customers like you. We look forward to working with you again in the future!
Loan sharks and takes advantage of people needing money.
Do t miss a payment my wife was paying our missed payment back when she rang Friday Arvo to be told at 3.30pm they had all left for the day so they slogged us 4 lots of $40 late fees. So $160 because they left early
Unsupportive , high rates and charges , I wish I never used these guys I should of just used my own money. Loan sharks and takes advantage of people needing money.
Hi Michael, thanks for your feedback. Our Customer Solutions Team is empowered to work with our customers, to come to a solution together. We offer things like "one off payment deferrals" and reduced ...
Read morepayments in certain circumstances. I understand you are not happy with how your situation was handled. Can you please provide contact feedback@prospa.com so we can assist you?Find out how Prospa compares to other Business Loans
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- 2 reviews
Quick and easy
Blake was easy to deal with he is a smooth operator thanks Blake for your help it was great dealing with you and I would recommend Prosper to my friends
Thanks for the awesome review! We work hard to meet expectations like yours, and we’re happy to hear we hit the mark for you.
- 2 reviews
- 1 like
Stay away from this company
No matter how desperate you are for money never use this company! After 15 weeks of lockdown and not making a single cent of income in my small business! Then Brittany Emailed me on the first day of the restrictions lifting a letter of demanded and wanting the money to be paid back and not to mention I only have one staff member who is fully vaccinated out of a team of 5 who can work and make money
Hi Kylie, thanks for the feedback. Our Customer Solutions Team is empowered to work with our customers, to come to a solution together. We offer things like "one off payment deferrals" and reduced pay...
Read morements in certain circumstances. I understand you are not happy with how your situation was handled. We will be looking into this to see if there is anything else that could have been done, and will reach out to you. Kind regards, the team at Prospa.
They are excellent
Very helpful with my loan will return to them again . Whenever I need another loan. It was so easy they did everything for me I just had to answer some questions.
We love delivering on our promises and are committed to providing a fast and transparent customer experience. Thanks Keith.
I recommend Gloria as a person to talk too. She was so amazing an helpful.
Find out how Prospa compares to other Business Loans
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- 5 reviews
- 3 likes
Stay away: lending at its worst
Amongst a pandemic and a small business trying to survive during covid lockdowns here in Victoria Prospa garnished the last amount of money I had left in my account without any notice that this was going to happen: currently still in lockdown in Victoria I’m getting constant emails to pay them yet no money in the business. This loan company are absolute vultures, they will hunt you down without any compassion regardless of a natural disaster. The only advice is stay away. They won’t stop and will pursue every avenue to get their money even gar...
Read morenishing bank accounts without notifying you of any court orders. They have no compassion amongst pandemics and no flexibility in negotiations. Stay away do not trust them. Read every part of your contract because there is clauses in there I never understood and now I’m suffering because of it.HI Nat, thank you for your feedback. Our Customer Solutions Team is empowered to work with our customers, to come to a solution together. We offer things like "one off payment deferrals" and reduced p...
Read moreayments in certain circumstances. I understand you are not happy with how your situation was handled. We will be looking into this to see if there is anything else that could have been done. Can you please contact feedback@prospa.com with your account details so we can investigate the matter? Thank you, The Team at Prospa.
Friendly staff very helpful highly recommend. So simple & fast
Very friendly staff quick response highly recommended .staff guided us through the process and where very patient with us . Thank you again Prospa.they where our life savers. We where pleases with the rate.
Thanks for the great feedback.
A life saver during these tough times.
Due to recent and unexpected events (covid and multiple lockdowns) I struggled to get back on my feet, prospa helped me with the unexpected costs of running a business during the pandemic.
Thank you for your review Mako. We’re committed to helping businesses grow.
Questions & Answers
I only want a small loan to help start my business off but I really don't want any huge interest fees...how high on average is the interest rate on small loans?
Hi Leah, Prospa’s rate varies based on your industry, how long you have been in business, the health of your cash flow and other factors. As such, we are unable to confirm your rate until you have bee...
Read moren through the application process. But feel free to call us on 1300 882 867 and one of our loan specialists can talk you through how it works. Thanks!
Dont go with prospa if you want something low interest.
Just a small enquirey. I am looking at a possible loan of around $40,000.00. Can you tell me what interest rate this would be over 12 months?
No idea sorry, it takes about 10 - 15 mins on the phone to have a complete offer ready for you. You should just give them a call.
Hi Maggie, Thank you for your enquiry. Could you please provide me with your phone number or email address and I'll ask one of our loan consultants to give you a call this morning. If you would rather...
Read more call, our number is 1300 882 867. Kind regards, the team at Prospa.
hi Maggie,
I don't want to lead you down the garden path,But what i can tell you is depends on your credit score that will detemine the actual interest rate.It can very from 1-3 per cent.
I hope that answers your question
Get an answer from our members and Prospa representatives
Details
About Prospa
Prospa is an online lender that has been operating since 2011 and aims to help small business owners access the finance they need. The company advertises a 10-minute application process, with decision and funding possible within 24 hours.
Prospa offers the following loans:
- Prospa Small Business Loan, which lets you quickly access between $5000 and $150,000 to cover unexpended expenses or one-off purchases.
- Prospa Plus Business Loan, which lets you borrow between $150,000 and $500,000 to invest in an opportunity to grow your business.
- Prospa Business Line of Credit, which provides ongoing access to up to $150,000 to keep your business up and running.
Points of praise:
- Most reviewers found that Prospa’s loan process was efficient, with some saying that their loan was approved the same day that they applied for it and that funds were made available within a very short time.
- They also said that Prospa representatives were professional, knowledgeable, and clearly explained Prospa’s loan process.
- Reviewers appreciated that applying for a loan required minimal paperwork, and that the process was pain-free.
Extra Information
Prospa is a ProductReview.com.au Awards Winner for 2021
Amy made it all so easy:)
Great product as an alternative to the Banks
Great service by Emilio Kang at Shift
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