# Harmoney Business Cash Flow — Australia

Start your business

Business lending typically requires financial statements, business plans, trading history, and weeks of processing. If you are starting out or run a small operation, you may not have the paperwork a business lender wants.

Funding for equipment, stock, fit-out, or cash flow — assessed on your personal income and credit profile, not your business accounts.

A Harmoney personal loan can be used for business purposes including equipment, cash flow, stock, fit-out, or startup costs. The loan is assessed under consumer credit criteria — your personal income, expenses, and credit history — so there are no business financial statements to prepare. Borrow $5,000 to $100,000 with a fixed rate and $0 early repayment fees.

Typical amount for this purpose: $5,000 – $100,000 — guidance, not a product limit; the loan amount range below applies.

## How business cash flow finance works

- Check your rate: A soft inquiry in as little as 3 minutes — no impact on your credit score.
- Choose your loan: Pick an amount and term that fits your budget.
- Get funded: 93% of approved loans are paid out within 24 hours.
- One repayment: Fixed weekly, fortnightly, or monthly — you choose.

## Using a personal loan for business

**Understand the difference.** A Harmoney personal loan used for business is still a consumer credit contract. You receive full consumer credit protections including responsible lending obligations and hardship rights. However, it is not a business lending product — there are no business tax deduction structures built in.

**Speak to your accountant.** Interest on a personal loan used for business purposes may be tax-deductible. Keep records of how the funds are used and discuss with your tax adviser.

**Start small.** If you are testing a business idea, borrow only what you need for the first phase. You can apply for additional funding later if the business grows.

## Personal Loan (unsecured)

- Interest rate: 5.76% p.a. – 24.03% p.a. (fixed)
- Comparison rate: 5.76% – 24.98% p.a. (NCCP Regulation 100, $30,000 over 5 years)
- Loan amount: $2,000 – $100,000 (increments of $100)
- Terms: 3, 5 and 7 year
- Repayments: weekly, fortnightly and monthly
- Establishment fee: $275 (loans up to and including $4,999) or $575 (loans of $5,000 and over)
- No monthly fees, no early-repayment fee.

### Important information

Harmoney Australia Pty Ltd (ACL 474726, AFSL 474726). Dispute resolution: Australian Financial Complaints Authority, membership 43816.

Comparison rate warning: the comparison rate applies only to the example given (NCCP Regulation 100). Different amounts and terms result in different comparison rates.

The rate offered depends on your individual credit assessment. Fees, charges, terms and conditions apply.