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Founded: 2009 (established in Australia in 2012)

Lender Type: Peer-to-Peer Lender

Owned by: Privately Owned

RateSetter in Australia is an independent lender, opened in 2012 as part of the UKs RateSetter group. Headed by CEO Daniel Foggo, RateSetter is the first peer-to-peer lender which has been licensed to work with individual Australians and small businesses as well as wholesale and sophisticated investors. With this lender, youll get the perks of the peer-to-peer model less hassle, fast turnaround, and loan transparency with the confidence and reputation of a licensed, award-winning company. RateSetter is regulated by the ASIC and has received a number of awards over its short history, including being awarded 4 Stars by DeFaqto as a Crowdfunding loan provider and the Moneywise Most Trusted Alternative Financial Provider Award.

Key Benefits

Fast approval times
Competitive rate for unsecured loan
Simple application process


Can only borrow up to $150,000
Small selection of loan products
Must have good credit to qualify

Lending Products

Lending Product Description

Swift Working Capital

For the funding you need to finance the everyday flow of business, for software upgrades, to acquire new staff or new capital, you can borrow up to $50,000 in an unsecured loan through RateSetter. You will need to meet their criteria: good credit, annual turnover of at least $250,000, and have been trading for a minimum of two years. RateSetter has a one-day approval and fund transfer process, a reasonably low rate and no penalties for early repayments.

Business Finance

More suitable for bigger business investments and empowering your growth strategy, RateSetter has a flexible Business Finance loan. The loan can be unsecured or secured. Borrow up to $150,000 for terms ranging from 6 months to 5 years. As long as you are an established, growing business, youll enjoy RateSetters relatively low commercial rates.

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