Prospa Business Loans (NZ)
Structured facts for Prospa's NZ business loan products — limits, eligibility, security model, and rate disclosure — sourced directly from Prospa's published pages.
About Prospa
- Legal entity
- Prospa Advance NZ Pty Limited
- Brand family
- Prospa
- Primary website
- https://www.prospa.co.nz
- Notes
- ASX-listed non-bank online lender. NZ subsidiary of Prospa Group (ASX:PGL). FSP registered.
Small Business Loan(Prospa)
data confidence: inferredProspa's flagship unsecured business loan for NZ SMEs: $5K-$150K with same-day decision possible, $150K-$500K available with optional caveat/mortgage security. Weekly repayments, no published APR (per-quote pricing).
- Loan range
- $5,000 – $500,000
- Security
- mixed
- Repayment frequency
- weekly
- Minimum monthly revenue
- $6,000
- Advertised funding speed
- Same-day decision; funding possible in hours for $5K-$150K (1-hour decision with bank verification). 2-3 days for $150K-$500K.
- Interest rate disclosure (per quote, not publicly advertised)
- Prospa prices the loan upfront based on the application. No published annual percentage rate. Borrower sees total amount payable + weekly repayment figure before accepting.
- Fees
- early payoff: 1.5% of remaining principal plus any outstanding fees
- registration fee over 150k: May apply if Prospa registers a caveat or mortgage over real property
Source: https://www.prospa.co.nz/small-business-loan · capture: html-capture-2026-05-17
All figures sourced from the lender's own published page or PDS at the date shown. Confirm specific quotes with Prospa directly — pricing is per-application.
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