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Which product are you interested in?
Best for when you need
Fast access to funds
Funds for bigger plans
To build cash flow confidence
Fast access to funds
Funds for bigger plans
To build cash flow confidence
Eligibility
- 6 months minimum trading history applies
- Over $6K monthly turnover
- Active NZBN and valid driver’s licence
- Good credit history
- 6 months minimum trading history applies
- Over $6K monthly turnover
- Active NZBN and valid driver’s licence
- Good credit history
- Minimum 2 years trading history
- Over $6K monthly turnover
- Active NZBN and valid driver’s licence
- Good credit history
- 6 months minimum trading history applies
- Over $6K monthly turnover
- Active NZBN and valid driver’s licence
- Good credit history
- 6 months minimum trading history applies
- Over $6K monthly turnover
- Active NZBN and valid driver’s licence
- Good credit history
- Minimum 2 years trading history
- Over $6K monthly turnover
- Active NZBN and valid driver’s licence
- Good credit history
Asset security
No upfront property security for up to $150K in Prospa funding
Security may be required when accessing over $150K in Prospa funding
No upfront property security for up to $150K in Prospa funding
No upfront property security for up to $150K in Prospa funding
Security may be required when accessing over $150K in Prospa funding
No upfront property security for up to $150K in Prospa funding
Loan size
From $5K to $150K
From $150K to $500K
From $2K to $500K
From $5K to $150K
From $150K to $500K
From $2K to $500K
Loan term
Up to 3 years
Up to 5 years
2 years, with option to renew
Up to 3 years
Up to 5 years
2 years, with option to renew
Interest
Fixed interest rate
Fixed interest rate
Both products do not require Asset security
Interest calculated on the funds you use, not on the limit.
Fixed interest rate
Fixed interest rate
Both products do not require Asset security
Interest calculated on the funds you use, not on the limit.
Payments structure
Receive your full loan amount as a lump sum
Receive your full loan amount as a lump sum
Use and reuse as often as you like during 24 month renewable term
Receive your full loan amount as a lump sum
Receive your full loan amount as a lump sum
Use and reuse as often as you like during 24 month renewable term
Repayment frequency
Weekly
Weekly
Both products are repaid weekly
Only pay interest on what you use + weekly service fee 0.046%
Weekly
Weekly
Both products are repaid weekly
Only pay interest on what you use + weekly service fee 0.046%
Online access
Prospa App and Prospa Online
Prospa App and Prospa Online
Both products can be accessed through the
Prospa App and Prospa Online
Prospa App and Prospa Online
Prospa App and Prospa Online
Both products can be accessed through the
Prospa App and Prospa Online
Dedicated lending specialist
Yes
Yes
Visa debit card not available
Yes
Yes
Yes
Visa debit card not available
Yes
Visa debit card
No
No
Dedicated lending specialist not available
No
No
No
Dedicated lending specialist not available
No