Get a personal loan through DollarsDirect and save money by using a coupon code.
DollarsDirect is a provider of short-term personal loans, offering credit solutions to people Australia-wide. If you're looking to apply for one of its loans, you can get a more competitively-priced loan by using the coupon code below.
Find out the benefits of loan from DollarsDirect, the fees that are involved and if you are eligible to apply on the page below. If the loan is right for you, you can use the coupon code to save.
DollarsDirect Coupon Codes
What are the features of a DollarsDirect short-term loan?
Here’s what you can expect if you get a DollarsDirect short-term loan:
- Quick process.
If you have all the required information on hand, you can complete your online application in minutes. If your application is approved, the money will be transferred to your bank account by the next business day.
- Flexible loan amounts.
DollarsDirect lets you apply for loans between $1,000 and $2,025. You can redraw less at the start of your loan and then take out multiple draws up to your limit during the redraw period.
- Flexible repayment options.
Choose between different repayment options when you apply. Your payment schedule is typically in line with when you get paid. There are different instalment payment options and final payment options available.
- Apply with bad credit.
DollarsDirect will consider your application even if you have bad credit. You may not be eligible if you have defaulted on previous loans.
- Refinance your loan.
Loan refinancing is available. Get in touch with DollarsDirect to see if you’re eligible.
Are there any drawbacks?
Getting a short-term personal loan from DollarsDirect comes with its share of benefits as well as drawbacks:
- Establishment fee. No matter how much money you wish to borrow, a one-time loan establishment fee of $300 applies. This establishment fee will need to be paid again if you refinance your loan.
- High interest. The interest you pay on your DollarsDirect loan is considerably higher than the interest on a personal loan from a bank or a mainstream lender. When you borrow through this lender, 48% p.a. interest is charged on the principal. This is at a rate of 4% monthly.
- No branch locations.
DollarsDirect is an online lender, and its absence of stores or branches can work as a deterrent for people who like to conduct their banking in person.
Are you eligible for a DollarsDirect personal loan?
Applying for a short-term DollarsDirect loan requires that you meet some eligibility criteria. Make sure you can answer “yes” to each of the following:
- You are over 18 years old
- You currently reside in Australia
- Your employment history is older than one month
- You have a functional bank account
Make sure you compare your loan options before submitting your application. This coupon code helps you unlock a competitively priced loan with DollarsDirect, but there is more than one lender available for your personal financing needs.