How do I get a Tyro Business Loan?
There are four simple steps in the process for a Tyro Business Loan*.
- Log into your Tyro App and tap on the Loans tab in the home screen (if you don’t have the Tyro App, download it now from App Store or Google Play™)
- Tap on ‘Apply’ and then ‘Check eligibility’ to see if you are eligible for a Tyro Business Loan (follow the on-screen prompts to complete any additional information required)
- If you are eligible, you can then customise your loan using the loan calculator to explore how much you can borrow, your repayment options, and calculate your loan fee (this way, you know up front how much your loan will cost)
- Provide a personal guarantee, then you can view and accept your loan all within the Tyro App
Receiving your funds
If you settle your daily takings^ into a Tyro Bank Account, once your eligibility has been confirmed and your loan approved, funds will be deposited within 60 seconds.
If you settle your daily takings^ into an account with another bank, you will receive your funds within a few business days.
More answers, articles, and links:
Download Tyro App for Android users – mobile and tablet
Download Tyro App for Apple users – mobile and tablet
Tyro Payments Limited ACN 103 575 042 AFSL 471951 (Tyro) is the issuer of its own financial products. As Tyro does not take into account your personal circumstances, please consider if these products are suitable for you.
*Tyro loans are subject to Tyro’s eligibility and credit criteria. A personal guarantee is required and loan repayments are subject to minimum repayment amounts. Other conditions may apply.
^Takings include all transactions processed on the Tyro EFTPOS and eCommerce facilities.
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App Store is a trademark of Apple Inc., registered in the U.S. and other countries.
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