Structure of Loan

Updated 10 May 2025

Line of Credit / Overdraft

This loan is an interest only loan line of credit.
Once the loan as settled, the borrower can drawdown, payback and redraw loan again. The overdraft is designed to be used multiple times within approval period.
At a minimum, you only pay interest on the funds you use, plus a monthly fixed fee.

Once settled, the borrower will be given access to an online portal.
Funds can be transferred in and out of the overdraft, using the online portal, at the borrowers discretion.
You can also use the online portal to order a Mastercard which is attached to the overdraft. The Mastercard can be used for any in store purchases like a normal credit card, however it is backed by the overdraft.
Funds can be used for anything, however typical use would be to purchase stock, pay invoices and help with general working capital.