Compare Business Banking Packages

By Mozo ·
Fact Checked
Advertiser disclosure

It's important for a small business to establish a relationship with a bank, as you may one day want to ask for a business loan or demand a mates rate on fees. 

While one institution is unlikely to have the best possible deal for every small business bank product, you could win out in the end by taking out a small business package encompassing business bank accounts, business savings account products, business credit cards and more.

Business Loans Comparison Table - rates updated daily

Search promoted business loans below or do a full Mozo database search . Advertiser disclosure.

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    About Zip Business Capital
    Line of Credit

    Unsecured business funding up to $500K. Start the online application process in just 5 minutes, and get access to funds within 24 hours once approved. Great for ABN registered businesses with an annual turnover of $200K+.

    Interest Rate
    Upfront Fee
    Funding speed
    On Application
    2% to 3%
    Instantly, once approved
    Go to site
    Details
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    About OnDeck
    Short Term Business Loan

    Unsecured business loans from $10,000 - $250,000, over 6 to 24 months. Online application takes only 10 minutes and you'll know if you're approved within hours. Apply now.

    Interest Rate
    Upfront Fee
    Funding speed
    On Application
    3.00%
    from 24 Hours
    Go to site
    Details
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    About Lumi
    Lumi Lux

    Lumi Lux™ is an innovative rate-reducing business loan that rewards customers for a good repayment history over the loan term by dropping interest rates by 25 basis points every six months (T&Cs apply). The loan is for more established businesses with minimum $2M revenue.

    Interest Rate
    Upfront Fee
    Funding speed
    from 14% to 20%
    -
    Varies
    Go to site
    Details
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    About ScotPac
    Invoice Finance

    Set up a line of credit against your debtors ledger, which grows with your business. Access funds as soon as you invoice instead of waiting for your customers to pay. ScotPac is the largest non-bank lender in Australia with over 30 years' experience partnering with local businesses.

    Interest Rate
    Upfront Fee
    Funding speed
    from 4.00% p.a.
    On Application
    From 24 hours
    Go to site
    Details
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    About Bizcap
    Unsecured Business Loan

    Business Loans from $5,000 to $600,000 with high approval rates. Access to funds in as little as 3 hours. Cash flow friendly repayments and open minded offers.

    Interest Rate
    Upfront Fee
    Funding speed
    On Application
    3%, starting at $399
    from 3 hours
    Go to site
    Details

PROS of a small business package

  • Having a relationship with a bank will help if you need a small business loan down the track. It should also bring better customer service.
  • With multiple accounts (should) come discounts on fees. Negotiate a good deal if you're bringing lots of business.
  • It's endlessly easier to have all your accounts with the one provider: for accounting, for management, and for sanity.

CONS of a small business package

  • There's always going to be a slightly better term deposit or cheaper business credit card with someone else. But you might find that constantly switching for the best deal, or having accounts with multiple institutions, is not worth the money it saves.

Looking for a business loan? Check out our top loans below.

Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.

While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.