Thanks for dropping in to Banjo: We are thrilled to finally be here! This Australian built and owned business really understands the challenges facing SME's today. No-one more so that our CEO Andrew Colliver, he's spent years in institutional business banking and really understands the gaps in servicing the needs of busy business people. For more about Banjo, check out this article by Yolanda Redrup at the Australian Financial Review.
Andrew Colliver is looking to disrupt the banking sector with new online lending company Banjo.(image: Pat Scala)
Original article: https://www.afr.com/technology/former-nab-execs-raise-millions-to-take-on-big-four-in-small-business-loans-with-banjo-20150916-gjo0bc
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^ This calculator provides an indication of typical average fixed fee (or interest expense) costs and repayments for working capital loans (but not other types of loans such as Banjo Express or Asset Finance). The actual fixed fee (or interest expense) and repayments will vary based on your individual circumstances. Fees and terms and conditions apply (including an origination fee on each advance of 1.5% for 6 months, 2.25% for 12 months, 2.5% for 18 months, 2.75% for 24 months or 3.00% for 36 months). The repayments set out above are inclusive of fixed fee (or interest expense). Fixed fee (or interest expense) accrues upfront and is paid in instalments.