Tyro Business Loan Review 2025 — The Truth & Faster Alternatives
Last updated: 10 October 2025
Written by Michael Pajar, Director & Business Finance Broker
If you’re exploring a Tyro Business Loan, you’re almost certainly already using Tyro EFTPOS or eCommerce—which is exactly who these loans are built for. What many people don’t realise is that Tyro loans are offered to Tyro merchants via the app/portal. So the real question usually isn’t “Can I get a Tyro loan?”—it’s “Should I take it, or compare it before I do?”
Every week we speak with Tyro users at that same crossroads. Some take the Tyro offer for convenience and speed. Others discover that a quick comparison unlocks more flexible repayments, early-pay benefits, or a sharper total cost—without losing the fast turnaround they want.
This guide shows you how Tyro’s loan works (in plain English), what to watch for, and when alternatives can be the smarter move.
How Tyro Business Loans Work (Plain English)
Who it’s for: Tyro EFTPOS/eCommerce merchants who hold a Tyro transaction/bank account and meet Tyro’s criteria. A personal guarantee is required.
How it’s assessed: Primarily from your Tyro settlement data (your card takings through Tyro).
How you repay: Tyro deducts a Repayment Percentage from your daily settlements. You must also meet a minimum repayment over set periods; if percentage deductions fall short, Tyro can debit the shortfall. You can make extra repayments, but cannot redraw amounts already repaid.
Speed: Tyro markets fast funding for eligible customers (in some cases funds can land very quickly in a Tyro account); actual timing depends on assessment and setup.
Good to know: Tyro’s public calculator shows a slider to choose a repayment percentage and clearly states results are indicative only—the actual range/terms depend on your assessment and loan contract.
Who Tyro Loans Suit — and When to Be Careful
Tyro can be a good fit if you:
Are an active Tyro merchant with steady daily takings.
Want an unsecured, streamlined process kept within the Tyro ecosystem.
Like the idea of repayments that rise/fall with sales (subject to minimums).
Be careful if you:
Have seasonal/volatile turnover—percentage deductions plus minimums can tighten cash flow in quiet weeks.
Want to repay early—Tyro’s fixed-fee model means the fee doesn’t reduce for early payoff. (Tyro positions it as one simple fee disclosed up-front; check your contract.)
Prefer weekly/monthly instalments for predictability, or want options to refinance/redraw—other lenders often offer those structures.
Tyro or Compare? The Real Decision for Merchants
Think of it as convenience vs control.
Convenience (Tyro): One ecosystem; data already there; quick to set up once approved.
Control (compare first): Choose weekly/monthly schedules, consider early-pay discounts, access higher limits or asset-specific funding, and avoid daily deductions if that better suits your cash flow.
A quick scenario to make it real:
A café processing ~$40k/month chooses a high daily percentage. In a slower month, deductions still come out and a minimum repayment can trigger a top-up debit. Comparing first may uncover a weekly or monthly structure that keeps the lights on comfortably while you trade through the dip.
Fast Alternatives Tyro Merchants Often Compare
Fast unsecured loan (non-Tyro): Same-day pre-assessment, next-day funding common. Repay weekly or monthly. Early-pay discounts sometimes available. Good if you want to avoid daily deductions and keep cash-flow predictable.
Equipment finance (if buying gear/vehicles): Usually lower total cost and terms matched to the asset’s life. Often better than using a short cash-flow facility for long-life purchases.
Revolving line of credit: Draw what you need when you need it; pay interest on what you use. Helpful for seasonal inventory or invoices.
We’ll lay out side-by-side options so you can see cost, speed and repayment style at a glance—then you choose what fits.
What Most Tyro Users Don’t Want to Learn the Hard Way
Daily % + minimums can pinch during slow patches.
Fixed fee can make early payout less attractive.
One-ecosystem convenience is great—until you need a structure Tyro doesn’t offer.
Bottom line: If the Tyro offer suits your cash cycle and goals—great. If not, a 60-second comparison often reveals a cleaner fit without sacrificing speed.
Compare Before You Commit (No Credit Impact)
Before you accept any single offer, see what the rest of the market would give your exact business. It takes under a minute, won’t touch your credit score, and puts you in control of speed, structure and total cost.
Check My Funding Options
100% confidential. No obligation. No impact on your credit score.
FAQs
Do I need to be a Tyro merchant to get a Tyro loan?
Yes. Tyro loans are offered to Tyro EFTPOS/eCommerce customers with a Tyro account and who meet Tyro’s criteria.
How are repayments taken?
As a percentage of daily settlements, with minimum repayments required over set periods. Shortfalls may be debited to make up the minimum.
Is there a traditional interest rate?
Tyro positions pricing as one simple fee disclosed up-front (check your contract for details).
How fast is funding?
Tyro markets very fast funding to eligible customers (sometimes to a Tyro account in under 60 seconds). Actual timing varies.
Important Information
This article is general information only and not financial advice. All Tyro details above are drawn from Tyro’s public materials (product page, help centre, and current terms). Always confirm directly with Tyro and review your contract before acting. Your eligibility, pricing and timing depend on your circumstances and lender assessment.
