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Small Business Lender Review - Moula


Moula was founded to help hard-working business owners in Australia access the funding they need to grow. Moula’s founders are an experienced team who are passionate about using technology to simplify finance.

Moula use data to assess your loan application, so they can keep the process painless and lightning-speedy – but they also have a team of real people to support your business and guide you through the loan application.

Moula offers small business loans of up to $250,000, with transparent costing and no penalties for early repayment.



Name Moula Business Loan
Min Loan Amount $5,000
Max. Loan Amount $250,000
Minimum Loan Term 6 months
Maximum Loan Term 12-24 months
Loan Security Unsecured
Repayments Fortnightly

Qualification criteria

Type Criteria
Minimum turnover $5,000 per month
Minimum trading period 6 months


The interest on your Moula Business Loan will be calculated at the end of each fortnight based on the outstanding loan balance. Interest rates range from 0.75% to 2% per fortnight (the actual rate you are offered will be based on their assessment of your creditworthiness and other factors such as the amount you are borrowing and the term of the loan).

The following example shows how much it would cost to borrow $40,000 at 1.5% per fortnight, over 6 months.

Description Value
Loan Amount $40,000
Loan Term 6 Months
Fortnightly Interest Rate 1.5%
Total Interest $4,324.93
Direct Debit Fees $44,324.93

Moula will agree the interest rate up front and will not charge penalties if you decide to repay part or all of your loan early. They pride themselves on total fee transparency and do not charge establishment, disbursement, direct debit or administration fees.

You will, however, have to pay dishonoured payment and payment rescheduling fees if you fail to keep up with your repayment schedule.

How to apply

You can apply online for a Moula business loan in under 10 minutes.

You’ll need to provide your ABN or ACN and some personal, business and credit information. You’ll also be asked to provide access to your banking or accounting data and they will also request your permission to run a credit check, so they can make a responsible lending decision.

If you are applying on behalf of a company (rather than as a sole trader) you will need to provide a personal guarantee that the company will make its loan repayments.

Moula will contact you within 24 hours to let you know if you’ve been approved – if so, the funds will be in your account within 24 hours.

How Does Moula Compare?

Lender Product Term Loan Range Interest Type Fees Security Repayments
Moula Business Lender Logo Moula Business Loan 6 – 12 Months $5k – $250k 0.75% to 2% per fortnight None Unsecured Fortnightly
Prospa Business Lender Logo Prospa Business Loan 3 – 24 Months $5k – $300k Simple interest rate Establishment fee No asset required up to $100k Weekly or fortnightly
Spotcap Business Lender Logo Spot On Business Loan 1 – 24 Months $10k – $250k Percentage, but only on balance drawn Drawn on fee (% of credit limit) Unsecured Weekly, fortnightly or monthly
GetCapital Business Lender Logo GetCapital Flexible Business Loan 6 – 24 Months $5k – $500k Percentage 2% Draw down fee, plus $3.85 direct debt fee per week Unsecured Weekly
Businessloans Business Lender Logo Flexible Business Loan 6 – 24 Months $5k – $500k From 0.87% per month 2% Draw down fee, plus $3.85 direct debt fee per week Unsecured Weekly
Ondeck Business Lender Logo OnDeck Small Business Loan 6 – 24 Months $10k – $250k Percentage Establishment fee of 2.5% Unsecured Daily or weekly
Beyond Merchant Capital Business Lender Logo Beyond Merchant Capital Unsecured Business Loan 9 – 12 Months $10k – $500k Factor Rate None Unsecured Daily or weekly
Business Fuel Business Lender Logo Business Fuel Business Loan 3 – 18 Months $5k – $250k Factor Rate None Secured or Unsecured Weekly or monthly
MaxFunding Business Lender Logo Max Funding Business Loan 1 – 36 Months $2k – $1m From 1.5% per month Fees are laid out in loan agreement Secured or Unsecured Weekly or tailored

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