Use what you need, when you need it

Loans to suit different circumstances

We understand that everyone’s needs are different so we have two products that we can tailor to your circumstances and lifestyle.

Our Line of Credit is a flexible  virtual credit account that gives you access to money when you need it. You can withdraw (up to your credit limit) and make repayments as you go. A Line of credit is suitable if you have a good credit history and would like to take out money on a flexible basis. It offers the flexibility to pay back as quickly as you want or up to 3 years.

Our Fixed Personal Loan is an instalment loan where you borrow an amount and pay it back over a fixed period. It’s ideal if you have no credit history or a lower credit score. The repayments are fixed at the start of the loan, over a period chosen by you.

 
 

  • Repayments
  • Approval time
  • Access future funds
  • Setup fee
  • Monthly service Fee
  • Late payment fee

Flexible
Line of Credit

Fixed
Personal Loan

  • Fixed at start of loan
  • Up to 3 days
  • Must re-apply
  • up to $400
  • up to 4%
  • $10 per week
  • Apply Learn More

*If your application is received on a business day before 2pm.

Keeping your information secure

We take all reasonable steps to ensure that your personal information is protected.

Flexible Line of Credit

Line of Credit Features and Costs

Withdraw and repay back your balance at your leisure. Keep it for a rainy day or withdraw the full amount and take your time repaying it. Free to keep in your back pocket and flexible to use when you need it.

Flexible Line of Credit

  • Loan Amounts $50-$10,000
  • Establishment Fee $0
  • Monthly Service Fee $0
  • Interest 48% p.a
  • Withdrawal Fee $0
  • Maximum repayment period 36 months

Start Application

Fixed Personal Loan

Personal loans features and costs

Small Loans

  • Loan Amounts $500 - $2,000
  • Establishment Fee 20%
  • Monthly Service Fee 4%
  • Interest Not Applicable
  • Terms 6-12 months

Small personal loans for when you’re just a bit short and you need cash fast. Pay it back over 6 to 12 months, or as early as you like. No early payment penalty applies.

Medium Loans

  • Loan Amounts $2,100 - $5,000
  • Establishment Fee $400
  • Monthly Service Fee $0
  • Interest 48% p.a
  • Terms 12-24 month

Medium personal loans are the best loans when you need cash fast for a big purchase, such as household goods or a holiday. Pay it back over 12 to 24 months, or as early as you like. No early payment penalty applies.

Large Loans

  • Loan Amounts $5,100 - $10,000
  • Establishment Fee $0
  • Monthly Service Fee $0
  • Interest 48% p.a
  • Terms 12-36 months

When you need a little more for those larger unexpected expenses. Spread out your repayments over 12-36 months, or pay it back as soon as you have the money, it’s up to you. We don’t penalise you with fees for early repayments.

Start Application

We’ve got nothing to hide, no nasty surprises.

We make every effort to be clear on our costs.

When you take out a loan with us, we’ll set up the repayments based on your loan amount, loan term and whether you want to pay back weekly, fortnightly or monthly.

We understand that sometimes life gets in the way and you can’t make a repayment. So, if you think you’re going to miss a payment, please contact our Customer Care team on 1800 091 967 or email us at payments@credit24.com.au. We’ll work with you to see how we can minimise any additional fees that may get charged to your account.

If you miss a payment, you may be charged a $10 late payment fee. This gets charged every seven days if your repayments are not met. So, it’s important that you let us know as soon as you can and before your repayment is due.