OnDeck Term Loan
What OnDeck publishes: "The average rate for term loans is 53.2% APR and the average rate for lines of credit is 59.8% APR. Averages are based on loans originated in the half-year ending June 30, 2026."
Only an AVERAGE APR is published (53.2%), no min/max range. Transparency page shows a sample term loan at 61.34% APR ($75,000 requested, $73,125 disbursed after $1,875 origination fee, 12-month term).
Representative example from the lender: Example term loan: $75,000 requested, $73,125 disbursed, 12-month repayment term, origination fee $1,875 (2.5%), 61.34% APR (from ondeck.com/transparency).
The rate you are offered is set by OnDeck after you apply on its site. It depends on your credit history, income, loan amount and term, and may be higher than the lowest rate shown here.
| Loan amount | $5,000 to $400,000 |
| Term | up to 24 months |
| Rate type | fixed |
| Funding speed | After approval, you can get funds as soon as the same day. |
| Origination fee | 0% to 4% ("We charge an origination fee of 0% to 4% on your loan, and if you renew you may be eligible for subsequent reductions."; "Only customers who have previously renewed a term loan are eligible for a 0% origination fee.") |
| Prepayment penalty | Not stated |
| Late fee | Not stated |
| Minimum credit score | 625 |
| States | all except ND ("OnDeck does not lend to businesses in North Dakota.") |
| Membership | Not required |
"625 personal FICO® score"
- Origination fee 0% to 4% ("We charge an origination fee of 0% to 4% on your loan, and if you renew you may be eligible for subsequent reductions."; "Only customers who have previously renewed a term loan are eligible for a 0% origination fee.")
- Funding: After approval, you can get funds as soon as the same day.
- Borrow up to $400,000
| Legal name | On Deck Capital, Inc. (site footer: loan issued by a member of the OnDeck family of companies or by Celtic Bank; legal name itself not printed on fetched pages, assumed) |
| Type | Online lender |
| Website | https://www.ondeck.com |
Other OnDeck offers on Banrox: OnDeck Business Line of Credit.
Third-party lenders
Loan offers are provided by third-party lenders. Banrox is a technology company and is not a lender. Banrox does not take loan applications, make credit decisions or fund loans.
Compensation
Banrox may receive compensation from some lenders when you click or apply through links on this page. Compensation does not affect the rates shown, which are taken from each lender's public website as of the date displayed.
Rates and estimates
Rates, amounts, terms and fees are shown as published on the lender's website on the date marked above and may change without notice. The payment estimate uses the lowest APR the lender publishes and excludes origination and other fees; the lender's own disclosure governs. Nothing on this page is an offer, a rate quote or a commitment to lend.
