Moula: unsecured business loans repaid fortnightly

If your business has traded for at least a year, banks more than $10k a month and wants a lump sum without offering up property, Moula is one of the online lenders likely to be on your shortlist. It was founded in Melbourne in 2013, keeps its offer deliberately narrow, and assesses mostly on the banking or accounting data you link during a short online application.

The details below were checked on Moula’s own website as at October 2026. Online lenders adjust their products and criteria from time to time, so confirm anything important with Moula before you apply.

What Moula offers in October 2026

Moula’s site currently centres on one product: an unsecured business loan. Some older descriptions of Moula, including in directories like this one, mention a line of credit, but the lender’s own pages no longer list one.

Feature	Moula business loan
Amount	$10,000 to $500,000
Term	Up to five years, chosen when you apply
Repayments	Fortnightly direct debit
Security	No upfront asset security up to $150k
Guarantee	Personal guarantee required for company borrowers
Application	Online, about seven minutes, paperless
Decision	Within 24 hours, with funds typically the next business day after approval
Upfront fee	A published origination fee for direct customers, deducted at the start

A single fixed lump sum suits a defined job: a fit-out, a stock order, new equipment, a marketing push or a tax bill. For costs that rise and fall month to month, a revolving facility can be a better shape, and our business line of credit page sets out how that works.

Three details that set Moula apart

Fortnightly repayments. Many online lenders debit daily or weekly. Moula schedules repayments every two weeks, which lines up more naturally with a fortnightly payroll cycle and gives a little more room between debits. It still means 26 repayments a year, so model it honestly with our unsecured business loan calculator.

A three-month line for early payout. Moula says you can pay the full balance off after the first three months with no penalty or charge. Before that, full payout attracts a prepayment fee, and part-payments aren’t accepted at any stage. If you expect a large payment to land soon after borrowing, ask for the exact early payout figure in dollars.

A short, read-only data link. Moula connects to your accounting or bank data with view-only access for roughly five minutes. It says it never sees your login details, can’t transact on your accounts and doesn’t keep a live feed. The primary trading account drives the amount offered, so tidy, consistent banking through one account helps.

Who Moula suits, and who it doesn’t

On its published criteria, Moula is built for established, steadily trading businesses. Expect a better fit if you:

• have 12 months or more of trading under the same ABN or ACN;
• bank $10k or more in monthly sales through a business account;
• want a fixed schedule and predictable fortnightly repayments; and
• prefer a fast, document-light process to a full set of financials.

It’s a harder fit for a business in its first year (see business loans with an ABN under 12 months), for very seasonal operators whose statements show long quiet patches, and for owners already juggling several online loan repayments.

A note on banks: if you have strong financials and property, a bank will often lend more cheaply over a longer term, and that offer is worth taking seriously. Moula and its peers earn their place on speed and simplicity.

Weighing up whether Moula should be your first application? Share your numbers with our team and we’ll suggest where you’re most likely to land a yes.

How the Moula process works

1. Apply online. Moula estimates about seven minutes to complete, with no paperwork to scan.
2. Link your data. Give view-only access to your bank or accounting software.
3. Credit decision. Usually within 24 hours. The credit check only happens with your consent, at the final stage, and Moula says starting an application doesn’t affect your credit score.
4. Sign and settle. The letter of offer, fee statement and loan agreement are signed electronically, then funds usually arrive the next business day.

Moula states that its business loans comply with the Online Small Business Lenders Code, an industry code that sets disclosure standards, including a clear statement of the total cost of the loan.

What to ask Moula before signing

• Across the whole term, how many dollars do I pay back in total, origination fee included?
• What does each fortnightly debit come to, and on what day will it fall?
• What would paying out in month two cost compared with month four?
• If I’m a company director, what does the personal guarantee cover? Our personal guarantee entry explains what you’d be signing.
• If I miss a debit, what fees apply? Moula publishes a dishonour fee and a rescheduling fee.

Once you hold two offers, put them side by side in the loan cost comparison calculator.

If Moula declines, here’s where to look

A decline usually traces back to one of the published criteria. Match the reason to the next step:

• Under 12 months trading: equipment finance is secured on the asset itself and often works earlier, and property-secured lending can work from day one.
• Monthly sales under $10k: some online lenders set lower turnover floors. Our guide to low turnover business loans covers the options.
• Too many existing repayments: see refinancing expensive short-term business debt.
• Credit file problems: bad credit business loans explains which lenders look past them.
• Need more than $500k: a second mortgage business loan can unlock larger sums against property.

Close peers worth comparing are Prospa and OnDeck. Our Prospa vs Moula and Moula vs OnDeck comparisons put the two side by side.

Know your numbers? Let us find the lender that fits them

Moula answers one question well: will a year-old business with steady sales qualify for a fixed unsecured loan? If your situation has a wrinkle, such as less trading time, uneven months, property you could use or a credit hiccup, the best lender might be someone else entirely.

That’s the sorting we do. Filling in our form is about a minute’s work, simply asking leaves your credit history alone, and your details are never auctioned off to a stack of lenders. A person on our team reads what you’ve written and rings you. Give us honest turnover and trading figures and the first lender we suggest has a real chance of being the right one.

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