TEL: 1300 55 17 30

Important Information

Below is important information about our short term business loans.

1. Does Urgent Business Loans need to hold an Australian Credit License? No as we only fund business loans, no credit license is required to be held.

2. What is I take a loan for say 3 months, but require extra time? Thats no problem. We are happy to enxtend the loan term on a 'month by month' basis, as long as the additional months interest is paid in advance by the expiry of the loan term. This is interest at the lower rate of 4% per month.

3. What if I cannot repay the loan? Unfortunately if the loan cannot be repaid by the due date, recovery action will commence, unless something can be worked out between the borrower and Urgent Business Loans, prior to the due date. In the event where no arrangements are made, the loan will be charged at the default rate of 10% per month, and Urgent Business Loans will instruct its lawyers to recover the debt.

4. Will non payment affect my credit file? Yes if the loan is not repaid, a default will appear on your credit file.

5. Interest rates are charged on a monthly basis, however if the loan were to proceed for a 12 month period, the annual percentage rates is 48%pa

For more information, please contact us on 1300 55 17 30

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