Compare Business Banking Packages

By Mozo ·
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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  • Featured Product
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    About Zip Business Capital
    Line of Credit

    Zip Business Loans online application process can be completed in as little as five minutes, and once approved you can access the funds within 24 hours. A line of credit up to $500k that converts into a loan when you draw down. Participating lender in the SME government guarantee scheme.

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

    Say goodbye to lengthy applications with online lender Moula. With a speedy 10 minute application process and potential funding within 24 hours, Moula can help you meet your businesses inventory or cash flow needs without the fuss. Participating lender in the SME government guarantee scheme.

    Interest Rate
    Upfront Fee
    Funding speed
    from 15.00% p.a.
    2.00%
    24 Hours
    Go to site
    Details
  • Hot DealSmall business loans with no repayments for the first 8 weeks. Offer ends 30 June. T&Cs apply.
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    About Prospa
    Business Loan

    Small business loans with no repayments for the first 8 weeks. Offer ends 30 June. T&Cs apply. Prospa uses risk-based pricing to determine your interest rate, which can range from 9.9% - 26.5% p.a. simple interest. They look at factors including your industry, years in business, cash flow, creditworthiness and the overall financial health of your business. Participating lender in the SME government guarantee scheme.

    Interest Rate
    Upfront Fee
    Funding speed
    Interest rates vary based on risk. Rates range from 9.90% to 26.50% p.a.
    3%
    from 24 hours
    Go to site
    Details
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    About Lumi
    Unsecured Business Loan

    A straight forward business loan with no hidden fees or charges. Achieve business goals through having fast, easy access to finance to give your business the boost it needs.

    Interest Rate
    Upfront Fee
    Funding speed
    from 16%
    $0.00
    Within same day
    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.