Rating based on 37 reviews


  • Business loans up to $500,000
  • Low-interest starting from 0.61%
  • Repayment up to 5 years

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

Mozo - Quick online business loans

Mozo will help you find the business loan to suit your unique needs. Mozo business loans have a low-interest rate starting at 1.00% per fortnight. This low rate encourages businesses to grow and thrive benefiting the community and the economy.

Mozo believes in putting you first and offering the highest customer service levels. All their contracts are transparent and very straightforward, there are no hidden fees and no establishment fees. You won’t be charged any direct debit fees or any penalties if you want to pay the loan back early.

Apply online

You can apply for a loan 24 hours a day 7 days a week by simply logging onto their website and completing the online application form. Apply from the comfort of your home from your cell phone or laptop and have an outcome within 24 hours. Businesses can request to borrow up to $250,000

Business loans have the following benefits:

  • Business loans interest rates start at 1.00% to encourage you to grow your business
  • There are no hidden fees or costs
  • Apply in only a few minutes by completing the online application form
  • Get approved in as little as 24 hours
  • Borrow up to $250,00

Short-term business loans

Short-term business loans allow you to borrow up to $10,000 on a short-term loan over a 6 month period. Apply for a short-term loan in only 10 minutes and get an outcome within 1 business day.  To qualify for a short-term business loan the business must have a minimum turnover of at least $100,000.

Loans range from $5,000 to as much as $500,000

Business loans are available in 2 different types these are secured business loans and unsecured business loans. There are advantages and disadvantages to each type. The option that best suits your business will depend on different factors.

They offer a wide range of loan and financial products including secured and unsecured business loans as well as business loans with variable and fixed rates. Existing clients are welcome to apply for emergency loans via their online banking profiles as well. 

Secured business loan

A secured business loan means that the loan is backed by an item of collateral. You're at risk of losing your collateral if you default on the payment plan or can’t pay back the loan.

A secured loan is less risky because they can claim back the money that you owe them by taking ownership of the listed collateral.

The advantages of a secured business loan

  • Lower interest rate
  • Easy to obtain
  • Less strict about credit score and credit history
  • Less strict requirements
  • Businesses can borrow more money over a longer period of time
  • Personal assets can be listed as collateral to help grow your business

There are a few disadvantages these include:

  • It may take longer for the loan to be approved as the collateral needs to be valued - this is by no means a quick loan
  • You may lose your collateral if you default on the loan

Mozo – Business loan

  • Loan Type Business loans
  • Interest Rate 0.6112.95% p/a
  • Loan Amount up to $500,000
  • Repayment 1 year to 5 years

Benefits of Mozo

  • Competitive interest rates
  • Flexible loan options
  • Compare 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.

Mozo - Flexible and affordable business loans

A business loan that offers a variable rate usually is more flexible and offers benefits such as free redraw facilities.

The problem with this type of loan is the interest rate will change depending on the market. This can be a benefit if the market is performing well but you'll pay more if the interest rate goes up. 

Fixed-rate business loans charge a slightly higher interest rate, but the rate is fixed at a set amount for the entire loan period regardless of how the markets perform. This allows you to budget more easily as you know the exact repayments required.

Short-term business loans

A short-term business loan allows the business to borrow a smaller amount of money over a shorter period of time. This loan could be used as a cash flow injection into the business or to handle daily running costs or unexpected bills. Mozo has a helpful calculator available on their website to help you determine which loan would be the best suited for your business.

Flexible business loans

Flexible business loans allow businesses lower interest rates are only 1.1% per month. The business and personal loans range from $5,000 to as much as $500,000 and if your application is approved the money will be paid into the nominated account within 24 hours. To qualify the business must have a turnover of $20,000 per month and a minimum 2-year trade history.

Why does your business need a loan?

Before you apply for a business you should ask yourself why your business needs a loan. Are you going to use the loan to grow your business? Do you have a plan? If you're able to provide a business plan on how you'll use the loan to grow and expand your business, you're more likely to have your application accepted and secure a larger amount.

You'll need to know the amount you need to borrow and exactly what your business will use the loan for. You'll need to determine how long your business will need in order to repay the loan.

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Mozo is a trusted & reliable provider of business loans

In our review, Mozo 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.

✅ Mozo is a registered credit provider in Australia: ACL 328141

Customer Reviews & Testimonials

The interest rate was so low I thought at first it was a practical joke being played on me. I could not have received a better deal on my business loan! Thank you, Mozo!

Patricia C
— Perth —

With my secured business loan from Mozo, I was able to get a very good deal with low-interest rates and competitive fees. I would recommend their service easily.

Nathan T
— Brisbane —

I was blown away by how easy it was to obtain my business loan with Mozo. The application process was quick and simple not to mention how fast the loan amount was transferred to my business accou...

Julia K
— Newcastle —

Mozo Contact

Physical Address

  • 11/263 Clarence St, Sydney NSW 2000, Australia Sydney NSW 2000 Australia
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