
Tyro Business Loan
An unsecured business loan designed to help you expand, finance new inventory or just keep moving.
Tyro Business Loan. Simply Better
When it comes to business, access to fast, flexible funding is a real advantage. You may need a loan to help manage your cash flow, to take on new inventory, new staff, or upgrade your equipment.
Whatever your business needs, a Tyro Business Loan could help you achieve your goals.
Please note: Phase 1 of the Coronavirus SME Guarantee Scheme ended on 30 September 2020. From 1 October 2020, the Tyro Business Loan will no longer be offered under the Coronavirus SME Guarantee Scheme.
Tyro EFTPOS and eCommerce customers can borrow unsecured amounts up to $100,000 for first loans and $120,000 for subsequent loans.^
Faster funds
Once you provide a personal guarantee and accept your loan in the Tyro App, funds are deposited into your Tyro Bank Account in less than 60 seconds. In some instances we may require more information to complete your eligibility check.
Repay as you trade
Repayments are made by nominating a percentage of your EFTPOS and/or eCommerce takings, meaning repayments rise and fall in line with your cash flow providing flexibility during slower periods (subject to minimum repayments).
Pricing made simple
Simple pricing with no hidden charges. There’s just one fee you know up front and it’s paid down over the life of the loan as part of your loan repayments.
Loans at your fingertips
Manage your loan in the Tyro App. From seeing how much you could borrow, customising your loan, to accepting in just a few steps, we’ve made it simpler for businesses to borrow, subject to eligibility criteria.
How it works
Onboard Industries
As specialists in premium surfboard products, Onboard Industries requires access to fast funding for large production orders.
By going straight to Tyro, exploring the loan calculator, and accepting their loan from the Tyro App, they get fast access to funds and repayments rise and fall in line with their cash flow.
Do more with Tyro
Explore the many ways Tyro products help businesses bank better.

Better payments
A quick, easy way to accept payments in-store and/or online with a single settlement.
Discover Tyro Payments
Tyro Bank Account
Competitive interest. Fee-free. A Tyro Bank Account can do more for your business. If you settle into a Tyro Bank Account, you choose the time of day your takings get paid. *
Discover Bank AccountsFrequently Asked Questions
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How is the loan repaid?
We make repayments simple. Just nominate a percentage of your daily EFTPOS and/or eCommerce takings to go towards your loan repayments so you repay as you trade. This means repayments rise and fall in line with your cash flow so you have flexibility during slower periods (subject to minimum repayments). If that’s not what you’re looking for there’s also the option to make manual payments and even pay the loan in full anytime, but you should note that the loan fee will remain the same.
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What is the interest rate?
Instead of an interest rate you are charged a loan fee, which is paid down with your loan repayments over the life of the loan. If you are eligible for a Tyro Business Loan, you can use the loan calculator in the Tyro App to explore how much you can borrow, customise your repayment options and calculate your loan fee so you know how much your loan will cost up front.
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What does ‘unsecured business loan’ mean?
Tyro won’t request you to secure the loan against collateral like property. However, you are required to provide a personal guarantee when accepting the loan within the Tyro App.
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What if I want to pay off my loan earlier than originally agreed?
Tyro Business Loan is flexible so if you want to pay it off faster, that’s up to you. The loan fee is payable regardless of how quickly you pay off the loan. To pay off your loan sooner with a lump sum repayment, simply contact Tyro Customer Support on 1300 966 639.