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Prospa
Jason D.South East Queensland, QLD
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
1 comment
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PainterHunter Region, NSW
- 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.
5 comments
Angie A.Prospa
We're sorry to hear you had a poor experience. While we would love to assist all small businesses in Australia, there are certain situations we are unfortunately unable to.
Our assessment works out t... Read more
he level of repayments we believe your business can manage without stress. In this current and very volatile environment, Prospa is focusing on responsibly assessing risk. We are aware that this might be a difficult time for our customers and want to ensure we lend appropriately.As I said in my review, how efficient of Prospa to use the current climate as an excuse.
The refinance I was looking for would of actually reduced my current repayments, repayments as I said we had ne... Read more
Angie A.Prospa
Thanks for your reply.
Every assessment for further funding is based on the information provided in your new application. We use a risk-based pricing model to determine the cost for each individual c... Read more
ustomer using data such as industry, years in business and cash flow. We do also have to consider the current environment to responsibly assess risk, to ensure we lend appropriately.Similar opinion? Write a review on ProductReview.com.au!
Good short term fundingTasmania
Quick response
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.
1 comment
Angie A.Prospa
Thanks for your kind words. Please let us know if there is anything else we could do to make your service a 5 star experience.
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Questions & Answers
Leah Tasked
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?
2 answers
Angie A.Prospa
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!
Dont go with prospa if you want something low interest.
Maggieasked
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?
6 answers
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.
Angie A.Prospa
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.
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
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Angie A.Prospa
Thanks for your feedback Jason, we're sorry to hear you had a poor experience. We pride ourselves on being customer obsessed. If you are happy to reach out to us privately and provide your details to ... Read more
feedback@prospa.com, we can look into this further. Kind regards, the team at Prospa.