Pretty average to deal with
Of course I understand they have a criteria and risk management policies. Though I felt the staff were very inexperienced when "attempting" to understand your business and it's objectives. It felt like I was explaining myself to the work experience kid. The big 4 charge less and have a much higher level of professlism. Within 2 days CBA understood my business,provided options and solutions. Don't deal with amateur fly by nighters, much better options
- Verified customer
Dumped by Prospa!!!
After 3 - 4 years of business with Prospa and multiple loans, without one single default, building our business on the back of these loans.
We have been dumped by Prospa???
Stating the current situation of the Coronavirus as the reason.
We as a business are still prospering (excuse the pun) but it seems when times get tough, the tough (Prospa)get going.
We will remember now and the coming good times.
Service was good. Would be good to have a monthly loan repayment option. Its a useful service for short term funding. The funding was in the bank account within 24 hours.
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 been 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!
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 call, our number is 1300 882 867. Kind regards, the team at Prospa.
ProductReview.com.au has affiliate partnerships. These do not influence our content moderation policies in any way, though ProductReview.com.au may earn commissions for products/services purchased via affiliate links.