Banjo - Business Loans




Banjo, a popular online lender, specialises in providing small Australian businesses with unsecured loans. Banjo, a lending platform founded in 2014, combines quick data analysis technology with a customised approach to lending to help you get the funding you require. It iis famous for providing all kinds of financial solutions for any kind of business.

  • Bank Type


  • Founded


  • Headquarters

    Richmond, Victoria

  • Industry

    Financial Services

  • Formerly/Predecessor


  • Subsidiaries


Need Home Loan Assistance?


Pros & Cons-Banjo - Business Loans


  • Strict lending policies.
  • Signup Fees.
  • Customer Support.


  • High Property Value for First Home Buyers.
  • Strict Age Restrictions.
  • Home Loan for Self-Employed.

About Banjo

The online loan application and approval process for small businesses is made simple by Banjo's lending platform. In addition, Banjo's technology enables the company to assess creditworthiness by using various indicators in addition to standard credit ratings.

At every level of the financing process, Banjo's team of knowledgeable loan specialists is on hand to help borrowers. Banjo is dedicated to offering great customer service. Banjo offers a variety of financial tools and educational resources in addition to loan services to assist small businesses in managing their cash flow and making long-term plans. Banjo is a cutting-edge, client-focused loan platform that is committed to assisting small businesses in growing.

Features & Benefits of Banjo

A technology-driven loan company called Banjo offers small enterprises specialised financing options. The following are some of the main advantages and features of using Banjo for your company's finance requirements:

  1. Individualised funding options: Banjo provides customised finance options with loan sizes ranging from $1,000 to $5 million to meet the specific demands of each business. As a result, businesses can get the cash they require whenever they need it, without being constrained by predetermined loan terms or amounts.
  2. Quick and simple application procedure: Businesses can apply for loans and receive them in as little as 24 hours thanks to Banjo's quick and simple online application process. Businesses may easily upload papers and complete the application thanks to the online platform's streamlining of the entire procedure.
  3. Competitive interest rates and fees: There are no unforeseen costs or surprises with Banjo's competitive interest rates and associated fees. Although the interest rates may change depending on the borrower's creditworthiness, the length of the loan, and other variables, they are typically less expensive than those provided by conventional banks.
  4. Variable repayment terms: Banjo's loans include flexible payback terms, letting companies select a repayment plan that best suits their particular financial circumstances. To control cash flow and prevent any unnecessary financial strain, do this.
  5. Excellent customer service: At every stage of the lending procedure, borrowers can get help from Banjo's knowledgeable staff of loan specialists. The business pledges to deliver top-notch customer service, including quick responses to questions and continued support for the duration of the loan.
  6. Financial tools and educational resources: Banjo offers a plethora of financial tools and educational resources in addition to lending services to assist small businesses in managing their money and making long-term plans. These tools, which include cash flow estimators, budget templates, and financial planning manuals, are available through Banjo's online platform.

Services Offered by Banjo

Through its technology-driven lending platform, Banjo primarily provides loans for small businesses. They offer specialised financing options that are tailored to each company's particular need, with loan sizes ranging from $1,000 to $5 million. Loans from Banjo can be used for a range of things, including growth plans, the acquisition of equipment, and operating capital.

The financial technology firm Banjo provides a number of services to assist small businesses in managing their finances and obtaining financing. Here are a few of the services that Banjo provides:

  1. CDs: Certificates of Deposit The terms of Banjo's CDs are adjustable, ranging from three months to five years, with fixed interest rates. This enables companies to preserve liquidity and flexibility while earning interest on their deposits.
  2. Loans: To assist small businesses with obtaining funding, Banjo provides a variety of loan solutions. These consist of term loans, credit lines, and SBA loans. The loans can be used for a wide range of things, such as buying equipment, growing a firm, or taking care of cash flow requirements.
  3. Payment processing: Banjo provides a service that enables companies to accept credit card payments. The service offers mobile payments, online invoicing, and a virtual terminal that may be used to accept payments in person.
  4. Business credit cards: Banjo provides incentive programs and no annual charge for business credit cards. The cards provide incentives for things like office supplies, travel, and meals and can be used for regular costs.

Types of Accounts in Banjo

Banjo mainly offers two different sorts of accounts: a borrower account for companies searching for funding and an investor account for people or organisations interested in purchasing small business loans.

  1. Create a borrower account with Banjo to apply for small business loans as a company. When their loan has been accepted, they utilise the account to make payments, check account history, and modify payment options. In order to manage their money and make plans for the future, borrowers can also use financial tools and educational resources.
  2. Individuals or organisations can open a Banjo investor account to invest in small company loans. The performance of the loans that investors choose to invest in will determine the profits they receive. Each loan is fully disclosed to investors by Banjo, including its risk profile and anticipated returns. Investors may keep track of their investments and profits through their investor account.

Banjo provides a range of accounts and loans to meet the particular requirements of small enterprises. The following are some of the loan and account choices provided by Banjo:

  1. Banjo provides business checking accounts with no minimum balance requirements, no monthly maintenance fees, and unlimited transactions. A debit card and access to online and mobile banking services are also included with this account.
  2. Business savings accounts offered by Banjo offer reasonable interest rates and no monthly maintenance costs. No minimum deposit is required to start the account, which also offers access to online and mobile banking services.
  3. Term loan: Banjo's term loan offers a one-time payment that is repaid over a specific period of time. The loan can be utilised for a wide range of things, such as paying for equipment, growing a firm, or taking care of cash flow requirements.
  4. Loans provided by Banjo are also backed by the Small Business Administration (SBA). In addition, these loans offer additional assurances and benefits, such as smaller down payments, protracted payback terms, and fewer restrictions on qualifying.

Banjo Opening Hours

Customers can apply for loans or manage their accounts whenever they want, thanks to Banjo's 24/7 online platform. Additionally, during business hours, Banjo's customer support team is accessible to help investors and borrowers with any queries or problems they may be experiencing.

MONDAY 9:00 AM 5:00 PM
TUESDAY 9:00 AM 5:00 PM
THURSDAY 9:00 AM 5:00 PM
FRIDAY 9:00 AM 5:00 PM
SATURDAY Closed Closed
SUNDAY Closed Closed

Banjo Contact Details / Customer Service

You can contact Banjo through various channels. Below is a table of different ways to contact Banjo.

Phone 844-256-2633 (toll-free)
Email [email protected]
Online contact form
Live chat Available on Banjo's website during business hours

Frequently Asked Questions

How good is Banjo?

Banjo has received positive reviews for its technology-driven lending platform, quick approval process, and flexible loan options. The company has also received several awards and recognitions for its innovation and contribution to the financial technology industry. However, like any financial institution, the quality of service may vary depending on individual experiences and specific business needs. It’s important to thoroughly research and compare options before choosing a lender to ensure that their services align with your business goals and financial needs.

Who is the owner of Banjo?

Banjo is a privately held company whose ownership structure is not publicly disclosed. However, Banjo was founded by Damien Patton, a successful entrepreneur and technology innovator, in 2015. Patton remains the company’s CEO, leading its growth and development in the financial technology industry.

How much cash can I withdraw from Banjo ATM?

Banjo is a fintech company that specialises in small business loans but lacks its own ATM network. Therefore, since there is no such thing as a Banjo ATM, you cannot withdraw cash from one.

What is the minimum balance for Banjo?

Banjo, offers small businesses access to finance through its technology-driven lending platform. Depending on their needs and creditworthiness, small firms can request loans ranging from $1,000 to $5 million. The borrower can access and use the loan proceeds as needed once it has been approved because they are normally transferred immediately into their bank account.

Why use us?

The customised financial services from UrbanMoney Oceania caters to the varying requirements of the applicant on their fund procurement journey.

Low interest rates

The intricate online model ensures the best interest rates are offered to the customers. The services aim to diminish the overhead costs.

Urban Money Oceania Exclusive Deals

The customers can avail of various exclusive offers available to the customers by UrbanMoney Oceania designed to cater to their budgetary needs.

Australian based support team

Our support team offers tailor-made services to customers intending to conclude loan transactions without any hassle. Available to customers at their convenience.


The website provides general information about various loan products, insurance products, credit scores & links to other websites or resources over which does not have control as such information & links are received from the Banks, NBFCs, Insurance companies & credit rating agencies. Users of this website acknowledge that is providing this information & links only as a convenience, and further agree that is not responsible for the veracity of such information. Please note that you before you decide whether or not to acquire a particular financial product you should assess whether it is appropriate for you in the light of your own personal circumstances, having regard to your own objectives, financial situation and needs. Confirm all product information directly with the provider of resepctive financial product before making a purchase decision. If you decide to acquire a financial product, you will deal directly with the provider and not with Urban Money Oceania and that neither nor its directors, employees, partners, and associated staff are not accountable for any loss, harm, or damage due to usage of information from this website. And further that users use of links to such external websites are subject to the terms of use and privacy policies located on those sites.