We offer unsecured $5k loans or $10k loans.

To qualify for a loan and ensure a smooth application process, you will need the following:

• Be a registered property owner
• Have a registered business/ company entity
• Have a Business Bank Account
• Use of funds for Business Purpose
• Clearly defined Exit Strategy.

Following the completion of the online application form, one of our team members will reach out to confirm details and collect any outstanding information. After everything is confirmed approval can be provided with an offer letter sent via DocuSign for acceptance & signing. Following receipt of the executed document funds will be available in your business account within 24 hours. We aim to have an application to funds in the account within 48 hours.

This is an unsecured loan, and it will not impact your other loans. If you are a current property owner, we are providing fast-tracked pre-approval for loans up to $10k. No registration of mortgages, No registration of caveats & No registration of PPSR. Totally unsecured.

You can exit the facility through repayment of the gross loan amount at the end of the agreed term. The facility can be repaid in full, or partly paid down every 3 months at your discretion. To exit the facility, please email exit@paymentadvance.com.au to notify us and complete the exit form.

Your facility can be extended automatically. Should you wish to extend the facility we provide extensions in 3-month increments, for up to 12 months total.

Principal can, at the client’s discretion, be reduced every 3 months. Interest will only be charged on the lower principal amount. Eg. If you take a $10,000 facility paying $75.10 weekly and reduce your principal facility by $5,000 your new weekly interest payments will be $38.80.

If you reduce your principal by paying down the facility and then require to loan those funds back at a later date, we can provide this facility at E.G your initial facility is $10,000 and you pay back some principal by $2,500, your facility will be $7,500. If you wanted to redraw your paid principal, we can provide a redraw of those funds at the cost of $150 redraw facility.

Topping up the facility and receiving a higher loan amount is reviewed on a case-by-case basis. After 12 months of good conduct, your file will be reviewed and approval for a higher loan amount will be considered. Once an ongoing relationship is established, Payment Advance can offer larger loan amounts to clients through our tier structure.
Bronze $5k to $10k, Silver $10k to $20k, Gold $20K to $50k & Platinum $50k to $100k. Please refer to our Product Overview tab more information of the tier structures and how they work.

Interest payments are made Daily, Weekly, Fortnightly or Monthly. Interest payments will be direct debited from the nominated account.