Tyro Flexi Loan: unsecured funding repaid from your daily takings

If your customers tap their cards on a Tyro terminal, you may already have a loan offer sitting in your banking app. Tyro, the Australian payments company whose EFTPOS machines sit on counters in cafes, clinics, bars and shops, lends to its own merchants through a product called the Flexi Loan. Because Tyro already sees your card takings every day, the process looks very different from a bank application.

This profile covers what the Flexi Loan is, how its repayments behave, the trade-offs worth weighing, and where to look if you aren’t a Tyro customer or the offer doesn’t fit. Details come from Tyro’s own website as at October 2026.

What is the Tyro Flexi Loan?

It’s an unsecured business loan offered only to eligible Tyro customers. Tyro Payments Limited (AFSL 471951) issues it, and the money is paid into a Tyro Transaction Account.

Feature	What Tyro publishes (October 2026)
Amount	Unsecured, up to $400k
Security	Unsecured (no property or business assets); personal guarantee needed
Cost structure	One fixed fee, no interest rate
Repayments	A percentage of daily takings you nominate, with minimum repayment amounts
Early payout	Allowed, but the fixed fee stays the same
Where funds go	Your Tyro Transaction Account

Tyro suggests the money can go towards wages in a quiet month, a large supplier bill, replacing broken equipment, stocking up before a peak season, covering a gap while invoices are outstanding, or a new project or location.

How do repayments work in practice?

This is where the Flexi Loan differs most from a standard business term loan. There’s no fixed weekly figure. You choose a percentage of your daily takings, and that share goes to the loan until the balance and fee are cleared. Tyro’s online calculator shows choices from 8% to 30%, and notes that the percentages available on a real offer may differ.

Here’s a simple illustration, not a Tyro quote. A café takes about $3,000 a day through its Tyro terminal and nominates 10%. On a busy Saturday of $4,500 the loan takes $450; on a rainy Tuesday of $1,800 it takes $180. Over a month the total tracks trade, which is the whole point.

Two things keep that flexibility honest. First, the loan terms set minimum repayment amounts, so a long slump doesn’t let the loan sit still. Second, a higher percentage clears the loan faster but leaves less cash in the till each day. Set the percentage against a middling day’s margin, never your record trading day.

What does the fixed fee mean for total cost?

Tyro prices the Flexi Loan with a single fixed fee instead of an interest rate. That makes the dollar cost easy to see up front, which is helpful. The catch is that the fee doesn’t shrink if you repay early. With an interest-bearing loan, paying it off sooner usually saves money; here it mostly frees up your daily takings.

To compare a fixed-fee offer with a conventional loan, turn both into total dollars and an approximate term. Our factor rate calculator helps with fee-based pricing, and the loan cost comparison calculator puts two offers side by side.

Holding a Tyro offer and wondering if it’s the best one going? Ask us to benchmark it; nothing is recorded on your credit file at the enquiry stage.

Who does it suit, and who should look elsewhere?

A good fit if you:

• already process most of your card sales through Tyro and bank with its Transaction Account
• have takings that swing with seasons, weather or foot traffic, so a fixed instalment would pinch in slow weeks
• want a quick decision on an amount Tyro has already shown you, without pledging property

Probably not the right tool if you:

• don’t use Tyro, or run most sales through another provider, bank transfers or invoices
• want the lowest possible total cost and could repay early, since early payout doesn’t reduce the fee
• need more than Tyro will offer against your card volume, or want a longer, steadier facility for something like a fit-out
• already carry other loans taking a slice of daily sales, which can squeeze cash flow hard

Questions to ask before you accept

1. What is the fixed fee in dollars, and what is the total I’ll repay?
2. Which repayment percentages are available on my offer, and what are the minimum repayment amounts and when do they apply?
3. What happens if my takings fall sharply for several weeks, or if I change payment providers?
4. What exactly am I signing in the personal guarantee?
5. Will a credit check be run, and is it before or after I see the offer?

If Tyro isn’t an option, what else is there?

Many businesses that like the idea of repayments tied to sales simply aren’t Tyro merchants. Others find the offer is smaller than they need. Some alternatives:

• Other sales-linked funding. A merchant cash advance or revenue-based finance works on a similar principle with providers that don’t require you to switch terminals. The trade-offs are laid out in our merchant cash advance vs business loan head-to-head.
• Online sellers. If most of your sales run through PayPal rather than a card terminal, see our profile of PayPal Business Loans, which repays from PayPal sales.
• Fixed instalment loans. Online lenders such as Prospa and Moula lend against bank statements whichever payment system you use.
• Bigger or longer needs. Your bank is often the cheapest source when you meet its policy, so ask there first. If it declines, a property-secured loan can go well past unsecured limits; see business loans without property if you don’t own any.
• Hospitality owners will find more industry-specific options in our guide to cafe business loans.

Not on Tyro, or need more than the app shows?

A pre-approved figure in your banking app is handy, yet it’s built from a single data source: the card sales Tyro happens to process. Your business is bigger than that, and lenders who look at the full picture may see it differently.

Our short form is roughly a minute of typing, and filling it in has no effect on your credit rating. What you tell us isn’t auctioned off to lenders by the dozen; a member of our team works through it personally and then gives you a ring. Please be precise about turnover and the ways customers pay you, since those two answers shape which options we bring up first.

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