– Apply easily and securely online.
– Link your bank account to your secure platform and we’ll assess your eligibility for Propell.
– It costs nothing to apply and if you never use it, you’ll never pay
2. Get the thumbs up
We’ll let you know as soon as your application has been approved and you can start using it right away.
Approval can take around 24 hours
3. Download the app
4. Once approved, access the Propell finance tools from the smartphone app or using our online Dashboard.
Your available Line of Credit balance will be ready to draw down; and
You’ll be able to start accepting payments through your smartphone right away
Line of Credit
Draw down on your line of credit if you need some extra cash. Draw as little as $1k at a time.
– Pay wages
– Buy materials
– Plug cash flow gaps
What it costs
Fees are 2% – 9.75% of your selected draw down amount for the first 2 months and 1% for each of the remaining 4 months
Use your smartphone App to accept payments from customers on the spot, via a Payment Link or securely over the phone. They can pay via card or Zip.
What it costs
When your customer pays via the payment link (or over the phone), there’s a charge of 1.6% + 30c (excl GST) per transaction (Visa and Mastercard).
You can chose to accept this charge yourself or pass this onto the customer.
5. Only pay when you use it
It will cost you nothing to have the safety net of Propell ready for when and if you need it.
– Only pay interest when you draw down funds.
– Only pay per transaction when you accept payments