Tyro Business Loans. Simply Better

When it comes to business, access to fast, flexible funding is a real advantage. Sometimes you need a loan to meet operational needs. You might be looking to expand, take on new inventory, new staff or upgrade your equipment. Whatever your business needs, Tyro Business Loans are there to help you respond and plan, so you can achieve your goals.

Borrow based on your EFTPOS takings

Tyro EFTPOS customers can borrow unsecured amounts up to $50,000 for first loans and $120,000 for subsequent loans^

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Faster funds

Once you provide a personal guarantee and accept your loan both in the Tyro App, funds are deposited into your Tyro Bank Account in less than 60 seconds.

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Repay as you trade

Repayments are made by nominating a percentage of your EFTPOS takings, meaning repayments rise and fall in line with your cash flow providing flexibility during slower periods (subject to minimum repayments).

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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.

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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.

Customise your Tyro Business Loan

Effortless unsecured business loans have arrived. A Tyro Business Loan can provide up to $50,000 for first loans and $120,000 for subsequent loans. It’s a simple no fuss process that can see you access funds for your business fast.

Calculating your loan fee is simple too. Your loan fee is based on the amount you’re looking to borrow and the repayments percentage you nominate as well as your projected turnover.

Do the numbers and play with our loan calculator.

Calculate your potential loan

Find out how much you could borrow and what it will cost to repay. It’s a great way to understand the fee and how it’s charged based on your EFTPOS repayments.

The Tyro loan calculator results are intended as a guide only based on the information you input. The calculator may allow you to select a repayment percentage that may not be available for your actual loan. The results do not show an actual fee and total repayment amount for your business. Actual fees and total repayment amounts may be higher or lower than shown. The repayments to be made from your daily EFTPOS settlement amounts are subject to minimum repayment amounts set out in your loan terms and conditions. Default figures and calculator assumptions used by the calculator are also subject to change at any time without notice. Using this calculator does not guarantee that you will be eligible for lending. Loans are subject to you satisfying our eligibility criteria. Full terms and conditions are set out in the Tyro Lending Terms & Conditions.

Tyro Business Loan

How it works

Approval is based on your business’ EFTPOS history so access to funds is rapid, transferred in 60 seconds – once you’ve provided a personal guarantee and accepted the loan, both in the Tyro App. Tyro Business Loans are a flexible, fast way to get the backing you need to take your business further.

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Get started with the Tyro App

Log into your Tyro App and tap on the loan tab in the home screen. Don’t have the Tyro App? Download it now App Store or Google Play.

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Customise your loan

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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View and accept

Provide a personal guarantee and accept your loan both in the Tyro App. Subject to eligibility criteria.

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Funds in 60 seconds

Funds are available fast and ready to be used right away. Once you provide your personal guarantee and accept your loan, your funds will go straight into your fee-free Tyro Bank Account.

Seamless, dynamic, flexible, easy

How Tyro’s fast loans helped House of Pocket grow

Hospitality group House of Pocket knew it could boost its business by investing in technology.

To secure the funds and make that leap, they turned to Tyro for a simple, flexible business loan to support this growth.

By simply accepting and managing their loan from the Tyro App, they could get fast access to funds with a simple repayment plan.

Find out more about how a Tyro Business Loan helped Button Bar take the next step in their business.

Frequently Asked Questions

  • How is the loan repaid?
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    We make repayments simple. Just nominate a percentage of your daily EFTPOS 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.

  • What is the interest rate?
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    Instead of an interest rate you are charged a single transparent fee, which is paid down over the life of the loan. See how it works with our Business Loan Calculator.

  • What does ‘unsecured business loan’ mean?
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    Tyro won’t request you to secure the loan to any collateral like property. However, you are required to provide a personal guarantee when accepting the loan within the Tyro App.

  • What if I want to pay off my loan earlier than originally agreed?
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    Tyro Business Loans are 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 (“2”).