Moneytech’s Line of credit & SMEG3

Last Wednesday, the Treasurer, Josh Frydenburg, announced that all businesses with a turnover of up to $250m will now be eligible for SMEG3 loans.

This is great news as Moneytech is an approved lender under the SMEG 3 loan program but more importantly, for customers who are after one of their Low Doc Lines of credit, it now means:

• Facility limits can go as high as $500,000 for eligible customers
• Pricing is now a flat rate for all customers:
  • • 50%  interest pa
    • 95% service fee
    • $50-$75 a month account fee
    • $795 application fee

*WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

MoneyTech Spec Sheet August 2021