Make business purchases up to $10,000 and pay over 13 interest-free payments with ProspaPay. There's no interest and no fees when you pay on time.

C’mon Prospa Pay, what’s the catch?

Prospa Pay has been created exclusively for small business owners just like you, to help you manage the ups and downs of business cashflow – so you can get on with growing your business. It is an innovative and alternative payment solution that has the potential to transform your business, so you can focus on what’s important.

Meet Cecillia.

Cecilia needs to do some social media and marketing for the new summer clothing line in her retail fashion outlet.

For loans up to $50,000

What you need to have ready

Your Driver Licence number

Business ABN

BSB and account number of your main trading account

Need more than $50,000?

You’ll also need some basic financial statements so we can evaluate the health of your business and see what kind of repayments your business can manage without stress.

“It was completely different from dealing with a bank. The very next day I got a phone call saying ‘I’ve got good news, you’ve got your money!’, and that led to my export deal!”

Nyoli Scobie, Owner
Truly Tea, NSW


Frequently Asked Questions

Tell me about the Prospa Business Loan

Prospa offers an unsecured loan of $5,000 to $250,000. The term of the loan is between three and 24 months and the cash flow friendly repayments are either daily or weekly.

How is the Prospa Business Loan different from a traditional business loan?

You can apply for the Prospa Business Loan in under ten minutes and receive a fast response - in often as little as one hour. The application is 100% online and funds can usually be provided the same business day. Traditional business loans reference an interest rate per annum plus other fees and charges. The Prospa Business Loan details the total amount payable upfront inclusive of any interest, fees or charges that is then broken down into either a daily, weekly, or fortnightly repayment figure.

What can Prospa Business Loan be used for?

We’re totally committed to helping small businesses access the funds they need to grow. Our fast, flexible funding can be used for business renovations, marketing, to purchase inventory, new equipment, general working capital and much more.

How do I apply?

We’ve made it fast and easy, simply click the ‘Get Started’ button and complete our online form. It should take no longer than ten minutes. For loans of $50,000 or less, all you need to have ready is:

  • Your driver licence number 
  • >Your ABN 
  • >Your BSB and account number. 

For loans over $50,000, you’ll also need some basic financial statements, like a P&L and cash flow.

How fast will I get a decision

When you apply, you can choose between using our advanced bank verification system or uploading PDFs of your last 3 months of transactions. 

If you choose our advanced bank verification system, we can respond to your application the same business day – often in just 1 hour. If you upload PDFs, we can usually get back to you the next business day. 

If you apply before 4pm on a business day, and your application is approved, we can usually have the money in your account the same or next business day.

How do you charge for a Prospa Business Loan?

Prospa doesn’t charge interest because terms are usually less than 12 months. Instead we offer a factor rate. A factor rate is expressed as a decimal figure not a percent. It varies based on your industry, how long you have been in business, the health of your cash flow and other factors. When a factor rate is used, interest is charged to the principal when the loan is originated, it doesn't compound.

How fast will I get the money?

We know growing your business is important, so Prospa will work hard to get money to you as soon as possible. If you apply before 4pm on a business day and your application is approved, we can usually have money in your account the same or next business day.

What are the fees?

There are no hidden fees for our small business loans, and you’ll know exactly how much you need to repay, and when, from day one. There’s no compounding interest, no hidden fees, and no penalties for early repayment.

Is there any penalty for early repayment?

There are no fees for early repayment and no balloon payment at the end of your loan. We are totally transparent with our customers about the total amount due and the date of the final payment. Once you make the final payment your balance will be $0.

How do repayments work?

It’s important to offer you easy ways to pay back your loan. To help you avoid missing repayments we offer daily, weekly or fortnightly repayments that are automatically deducted from your nominated business account.

How much can I borrow?

The total amount of your loan will depend on the specific circumstances of your business. The ProspaScore platform looks at a variety of factors to determine the health of your business. Based on this information, Prospa may be able to provide you an unsecured loan amount up to $250,000. We also offer a secured business loan of up to $500,000

Standard credit assessment, fees, terms and conditions apply.
Australian Credit Licence 454782 | ABN 47 154 775 667
© Copyright 2018 Prospa Advance Pty Limited

C’mon Divvy, what’s the catch?

Trusted and secure small business loans

Advanced security

We use the highest encryption standards and we’re ISO 27001 certified for our commitment to customer privacy.

Trustpilot Logo



Trustpilot Logo

Trusted by over 12,000 businesses

We’ve already helped thousands of small businesses access the funds they need to grow.


World-class customer satisfaction

We’re backed by a Net Promoter Score of +77, and we have an Australian Credit Licence issued by ASIC.

Trustpilot Logo


Trustpilot Logo

We’ve supported Australian businesses with more than $450 million and counting

Over $450m in small business loans


Prospay Pay pays: $2,500

Cecilia pays Prospa Pay: $197.56 per week* over 3 months (13 weeks)

Meet Sally.

Sally owns an upmarket boutique and needs to pay for a large shipment of fashion.

Prospa Pay pays: $5,000

Sally pays Prospa Pay: $197.56 per week* over 6 months (26 weeks)

Meet Andrew.

Andrew’s retail store wants to use recruiter to hire a new store manager.

Prospa Pay pays: $10,000

Andrew pays Prospa Pay: $391.79 per week* over 6 months (26 weeks)

*Weekly payments include setup and service fee

Sound good? Let’s see how it works.

Once you've applied, you can use Prospa Pay to make purchases at participating locations – online and in person. You get what you need up front and make weekly repayments. All with absolutely no interest*.

For a super-quick process, make sure you have a couple of things on hand

Trustpilot Logo

Driver Licence

Trustpilot Logo

Your ABN

Trustpilot Logo

Bank details

How ProspaPay works for your business

Buy Now. Use Now. Pay Later. Interest free with ProspaPay

Frequently Asked Questions

What's Prospa Pay?

Prospa Pay is a new way for Small Businesses to get the things they need now and pay them off over time, with no interest, ever. Once you register, you can purchase from any supplier that offers Prospa Pay. Prospa will pay the supplier, then you pay Prospa back in equal instalments over a set period.

How does Prospa Pay work?

Every time you make a purchase using Prospa Pay you receive a contract which outlines the details of your purchase and lists your repayment amount and term. If you need a statement, please call us on 1300 706 983 (9am to 5pm, Monday to Friday) and we will send you one.

How do I apply for Prospa Pay?

It’s easy to apply. After a quick chat on the phone you’ll be approved in under an hour. Fill in the contact form on our website and we’ll call you back, or call us on 1300 706 983 (9am to 6pm, Monday to Friday). For a super-quick process, make sure you have your Driver Licence, your ABN and your bank details ready.

How fast will I be approved?

If you call us on a business day, you should be ready in under an hour.

How much can I spend with Prospa Pay?

When you register with Prospa Pay we will assess your application and offer you a ‘maximum spend’ amount – up to $20,000. It’s a bit like the credit limit on your credit card. Once you know your limit, you can spend up to that limit.

Do you give me the money up front in a lump sum?

No. Prospa pays the vendor directly for your goods and services, and you then pay Prospa in weekly repayment amounts.

Do I pay interest if I use Prospa Pay?

No, Prospa Pay is an interest-free finance product. Unlike when you use a credit card or a loan to make business purchases, you will never pay any interest when you use Prospa Pay.

Are there fees and charges for using Prospa Pay?

There are no hidden fees when you use Prospa Pay. To set up your account, you will pay an establishment fee, which varies depending on how much you want to spend with Prospa Pay. It ranges from $19.95 to $209.95 and is only payable at settlement. There is also a weekly direct debit fee of $2.95.

How do I make repayments?

Your Prospa payments are automatically deducted every week from your nominated business account.

Where can I use Prospa Pay?

Prospa Pay can be used to purchase goods and services from a growing range of selected and approved vendors. Please contact us on 1300 706 983 (9am to 6pm, Monday to Friday) to find out who offers Prospa Pay near you. Or ask your preferred supplier to contact us on 1300 706 983 to find out about how they can offer Prospa Pay.

Can I make multiple purchases?

You can use Prospa Pay to purchase goods from different vendors up to the combined value of your maximum spend limit. See ‘How much can I spend with Prospa Pay?’ above.

What are the repayment terms available?

The repayment term depends on the vendor’s arrangement with Prospa. Terms range between 3 and 12 months.

When are the repayments due?

Prospa Pay offers flexible repayments, so you can generally choose which day of the week is best to deduct the payment.

Is there a penalty for early repayment?

There are no fees for early repayment, but there are no discounts either. Your repayment amounts are detailed in your contract. You are free to pay out the contract early by paying the total amount detailed in your contract.

How do I make additional payments?

Please contact us on 1300 706 983 (9am to 6pm, Monday to Friday).

Can I increase my ‘maximum spend’ amount?

Please contact us on 1300 706 983 (9am to 6pm, Monday to Friday) if you would like to discuss increasing your ‘maximum spend’ amount.

What do I do if I cannot make a repayment?

We can help. Please contact us immediately on 1300 706 983 (9am to 6pm, Monday to Friday).

Can I access my Prospa Pay account balance online?

This function is not available yet. However, you can find out your balance at any time by calling Prospa Pay on 1300 706 983 (9am to 6pm, Monday to Friday).

Is it safe to use electronic signatures?

Prospa Pay uses DocuSign for digital contract management. Each finance contract is produced on an individual basis and supplied to you for review and signature. DocuSign meets and exceeds the most stringent US, EU, and global security standards.

How can a vendor apply to offer Prospa Pay?

Vendors who wish to offer Prospa Pay should call us on 1300 706 983 (9am to 6pm, Monday to Friday). We can arrange a face to face meeting to discuss the Prospa Pay service offering and options available.

What is the relationship between Prospa Pay and Prospa?

Prospa Pay is owned by Prospa, Australia’s #1 online lender to small business. Since 2011, Prospa has funded over $500 million to more than 12,000 Australian businesses. Prospa has also won a range of awards including 2017 Telstra Medium Business Award for NSW, 2017 ‘Leaders of the Year’ and ‘Best Fintech Place to Work’ by industry body Fintech Australia, Lending Innovator of the Year Award in the FinTech Business Awards in February 2017, #1 Smart Company in Australia for 2016 and were the fastest growing technology company in Australia for 2015 – winning Deloitte’s Tech Fast50. Prospa is also ranked 31st in the world as an innovator – and first in Australia – in KPMG’s FinTech100.

Buy now, 

pay over 13 weeks.

Buy now, 

pay over 13 weeks.

  • For business purchases.
  • No interest ever.
  • Cash flow friendly repayments.

Apply online in minutes.
Confirm your purchase with ProspaPay

Buy what you want.
Select ProspaPay as your payment method.

Prospa pays the invoice.
Receive your purchase when it suits you.

Pay 13 set weekly repayments.
Interest free.

Get started today

FAQs are available at 

Alternatively, call ProspaPay on 1300 706 983 (lines are open 9am to 5pm (AEST), Monday to Friday) or email [email protected] 

Simply checkout with ProspaPay. You'll receive an email notification from ProspaPay to confirm your purchase.

Alternatively, apply for a ProspaPay account before you shop. It's a fast and easy online application and you'll receive an instant outcome.

  • For business purchases.
  • Interest free.
  • Cash flow friendly repayments.
  • Be approved up to $10,000
  • Use and reuse up to your limit
  • No interest or upfront fees

It won't affect cash flow

It's fast & easy

Meet Hair Salon Owner Natalie

Natalie orders stock ahead of a busy season and uses ProspaPay to spread the payment over time in line with business cash flow.

Natalie spent

Natalie paid 13 interest-free payments of $153.85 with Prospa Pay

Apply for ProspaPay
Get started


It's flexible

  • No need to have cash upfront
  • Repay it over 13 weeks
  • Apply in minutes
  • Immediate outcome possible

The interest free way for businesses to pay.

Get started