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Supplementary Information Notice – Default Interest Rate charges

Things you should know


This notice only applies to customers who have entered into a Business Loan Agreement with OnDeck on and from 08.08.2023.  Capitalised terms in this notice have the meaning given to them in your Business Loan Agreement. 

Pursuant to clause 6 of your Business Loan Agreement, Default Interest will only be charged for the first 120 days starting on the day that Default Interest in respect of that Late Payment is first charged.   

Except as specifically clarified by this notice, all terms and conditions of your Business Loan Agreement remain in full force and effect.  

Should you have any questions regarding this notice, we encourage you to contact our customer service team for further clarification on 1800 676 652 or via

On Deck Capital Australia Pty Ltd cannot provide you with legal, financial or tax advice.  You are responsible to seek your own independent legal, financial and tax advice in relation to the BLA, including changes to your Business Loan Agreement.