Rating based on 14 reviews

Info Choice

  • Business loans up to $300,000
  • Low-interest starting from 0.5%
  • Repayment up to 7 year

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Author Info Choice. Screenshot of Info Choice website.
[Accessed May 2, 2023]

Info Choice - Free loan application

Info Choice is Australia’s leading comparison website when it comes to retail banking and personal financing products.

They have over 20 years of experience and they use the knowledge that they have gained to serve their clients better and find them the best offers.  Their service will assist you in finding the financial product to best suit your business requirements as well as other financial products. These include personal loans, credit cards, car insurance and many more.

Their mission

Their mission is to assist clients in finding the financial product to suit their needs and then help them acquire a business loan. There are over 150 providers to choose between and over 2000 financial products. With all those options finding the right loan can become a very difficult and confusing task. Their aim is to help navigate all the available options so that you can make an informed decision.

How it works

To find the perfect solution for you they have handy calculators available on their website that will help you work out what your monthly repayments on a loan would be. You will be able to work out how much your business can afford to borrow and how much you can save. Find different options on credit cards and compare financial products side by side.

100% free

It is 100% free to apply for this service and they will apply to the different lenders on your behalf so that the application will not reflect on your credit report. By applying to a number of different lenders your online loan application has a much better chance of being approved.

Bad credit business loans

Their aim is to help their clients compare financial products including home loans, personal loans, credit cards, savings accounts, term deposits, business banking products, insurance products and life insurance.  

Their business loan options allow you to compare secured business loans, unsecured business loans, business bank accounts and business credit cards.

How to get a business loan if you have bad credit

If you have a bad credit score and you're starting a business, it can often be very difficult to secure a bad credit loan for your business. Banks are very strict about lending to people with a bad credit record and will often decline your loan application.

If you apply for a business loan and your loan application is declined this fact will reflect on your credit record and could even affect your credit score. To improve your credit score before you apply to make sure that you have repaid any outstanding bills and debt and that you have stopped applying for credit or any personal loans.

What is a credit score?

Your credit score is a number that is given to your risk profile that will determine how risky it would be for a lender to lend you money.

This is a figure from 0 to 1200 and shows a record of all your accounts and financial information. Make sure that you qualify, and check your credit score before you apply for a business loan. It only takes about 60 seconds to check your credit score.

Info Choice – Business loan

  • Loan Type Business loans
  • Interest Rate 0.59.9% p/a
  • Loan Amount up to $300,000
  • Repayment 1 year to 7 year

Benefits of Info Choice

  • Competitive rates and fees
  • Fast and easy online loan applications
  • Tailored-made business loans

Business loan calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This business loan calculator is for illustration purposes only.
The use of this loan calculator is subject to our terms of use.

Info Choice - They have handy online calculation tools

Info Choice has provided a handy calculator to help estimate how much your business will need to borrow using the data of your business plan and your expected profits and expenses to calculate your payments. The calculator will work out how long it would take to repay the chosen amount.

Loan selector tool

There are so many different business loan options available to simplify the process and make your life a lot easier they have created a loan selector tool. This tool will help you create a business shortlist all you need to do is put in your required criteria including the type of business finance that you need, the amount of money that you need and how long you need to pay back the loan. Their calculator will then match you with the lenders that best suits your needs and send you the best options so that you can compare them side by side.

Financial solutions for your business

Business credit cards are another option that is available to your business instead of a traditional business loan. Your business credit card can be used in the same way that you would use a loan and is a great way to track your business spending and expenses.

Business credit cards can be used for business and personal use. The statements are split so that the amounts are reflected to keep your personal and business spending completely separate. Business credit cards offer perks such as reward points, free insurance offers and other rewards for conditional spending.    

Business bank accounts

If you have a business bank account another option that your business must obtain funding is to apply for an overdraft facility.  This facility is attached to your current business account and offers you a line of credit to an agreed-upon limit. You will be charged interest on the amount that you have overdrawn, and the credit will keep revolving as you pay it back.

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Info Choice is a trusted & reliable provider of business loans

In our review, Info Choice adheres to the compliance criteria in accordance with the National Consumer Credit Protection Act 2009, where the granting the loan will not cause financial distress to the consumer.

✅ Info Choice is a registered credit provider in Australia: ACL 349445

Customer Reviews & Testimonials

As I have previously dealt with Info Choice for a personal loan and was happy with the service, it made sense to use them again when I needed to apply for a business loan. The service remains exc...

Connor R
— Brisbane —

For a quick, easy and professional business loan experience I highly recommend Info Choice.

Tina T
— Hobart —

Really competitive rates and fees for an affordable business loan. I was very happy with the overall service I got from Info Choice!

Adelle D
— Gold Coast —

Info Choice Contact

Physical Address

Postal Address

  • PO Box 2021 , Moorabbin LPO , 3189, Australia

Opening Hours

  • not available