Credit24 Short Term Personal Loan

Credit24 offers short term loans up to $2,000 if you have good credit history. Funds in your account in 24 hours during business hours.

Credit24 is an online lender that offers you flexibility when you're in need of quick financing. You can apply online 24/7 and there are a range of loan amounts available.
When you apply you can have the loan in your account in one business day. Credit24 has flexibility with its eligibility criteria as well – you're able to apply if you receive Centrelink payments and are employed, are self-employed or earn a lower income.


Maximum loan amount

Same day

Turnaround time

conditions apply


Fortnightly repayment
for $1,500 loan

4-12 months

Term of loan

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Product NameCredit24 Short Term Loan
Minimum loan amount$500
Maximum loan amount$2,000
Initial Maximium Loan Amount$2,000
Arrears Fee$10
Loan term4-12 months
Turnaround timeSame day - conditions apply
Costs20% of loan amount establishment fee + 4% of loan amount monthly.
RequirementsYou must be employed and have a good credit history, be 18+ and have an active bank account
Available to Centrelink Borrowers?No

How does the loan process work?

The first step is to find out if you're eligible, which you can do by checking below. Select the loan amount and terms you need and ensure the outlined repayments will be manageable on your budget. The next step is completing your online application.

You will be required to submit three months of banking history through Credit Sense, a secure online platform used by many online, short-term lenders. Your loan will then be processed and if you are unconditionally approved, you should receive your loan on the same day.

Features offered by Credit24 Short Term Loan

There are various features to keep in mind when considering whether to apply for this loan. Some of these include:

  • Receive your money quickly. You can apply online 24/7 and after being unconditionally approved your money will be transferred within the hour. You will receive it on the same day.
  • Range of loan amounts available. You can borrow any amount between $500 and $2,000, making a Credit24 loan suitable for a range of purposes.
  • Transparent fee structure. Credit24 is extremely transparent with its fee structure. You can check the upfront and ongoing fees of various loan amounts before you apply.
  • Repayment terms. You'll have between 4-12 months to repay your loan. The loan term can extend considerably longer than other short-term lenders.
  • Account management and early repayment. Check how much you have owing on your loan and pay it out early by logging into your online account.
  • Automatic repayments. Repayments are made by direct debit so you won't need to remember to make them yourself. Just ensure there are sufficient funds in your account on the day your repayment is due.

The cost of the loan

Credit24 offers a detailed fee structure with its loans. Before you apply you will be able to select the amount you want to apply for and how long you need to repay it, and your repayments will be outlined for you. If these seem affordable you can continue with your application.

"I want to apply – am I eligible?"

Before submitting your application, it's important to make sure you meet the minimum eligibility criteria. For a Credit24 loan, you need to be able to say "yes" to each the following:

  • Employment. You are currently employed.
  • Age and residency. You are a permanent Australian resident or citizen and are aged 18 or over.
  • Income. You earn at least $600 per month into your bank account.
  • Credit history. You have good credit history.
  • Centrelink income. If you receive Centrelink, your payments do not make up more than 50% of your income
  • Current loans. You do not have more than one active short term loan.

You can only apply if you meet each of the above criteria.

How to apply for a loan

You can click "Go to Site" to get your application started. After you're securely transferred to Credit24's website you can select your loan amount and repayment terms. Your ongoing repayments will be outlined for you and if they seem affordable you can fill out your application. You'll need the following to complete this:

  • Your mobile phone number and email address
  • Driver's licence number (if you have one)
  • Access to the last three months of your bank statements (this can be submitted electronically using your bank details through Credit Sense)

Credit24 offers a flexible loan that you can consider if you're in need of quick cash. Remember to compare your options before you apply so you get the best loan for your needs.

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