DollarsDirect Short Term Loans

DollarsDirect offers a line of credit up to $2,025 with terms up to 100 days. This loan comes with high fees and charges.

This is a line of credit, allowing you to draw funds up to $2,025 as and when you need it. Repayment terms are short, ranging from 65 to 100 days. Most customers will only be able to draw a limited amount at the start of the term. You can apply even if you have bad credit, so long as you can prove you’re able to pay back your loan. The applications are online. This loan comes with an establishment fee of $300, and a monthly interest rate of 4% the loan principal. While this loan has a refinancing option, repeat borrowing can lead to further debt. This may, in turn, lead to a cycle of debt.


Maximum loan amount

Same day

Turnaround time

conditions apply

65-100 Days

Term of loan

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DollarsDirect has not been in operation since 31 December 2016. This page is for historical reference only. If borrowers would like to find out their other loan options, see this page.

Are you struggling financially?

If you're struggling financially and would like to speak to someone for free financial advice, information and assistance you can call the Financial Counsellors hotline on 1800 007 007 (open from 9:30am to 4pm, Monday to Friday). If you are suffering financial problems related to the coronavirus pandemic you may be eligible for additional support.

⚠️ Warning about Borrowing

payday-warningDo you really need a loan today?*

It can be expensive to borrow small amounts of money and borrowing may not solve your money problems.

Check your options before you borrow:

  • For information about other options for managing bills and debts, ring 1800 007 007 from anywhere in Australia to talk to a free and independent financial counsellor
  • Talk to your electricity, gas, phone or water provider to see if you can work out a payment plan
  • If you are on government benefits, ask if you can receive an advance from Centrelink: Phone: 13 17 94

The Government's MoneySmart website shows you how small amount loans work and suggests other options that may help you.

* This statement is an Australian Government requirement under the National Consumer Credit Protection Act 2009.

How does the DollarsDirect Short Term Loans work?

This loan is a line of credit, giving you access to up to $2,025 until midway through the loan term. Most customers will have access to less than the full amount at the beginning of the loan term, and as you make repayments you will be able to access more money throughout the redraw period. The redraw period lasts until midway through your full loan term. You are only able to redraw up to $2,025 in total during the course of your entire loan term.

What are the features being offered?

The DollarsDirect Short Term Loans comes with several features and benefits, including:

  • Generous loan term. Standard practise for payday lenders is to offer terms extending up to 30 or 45 days, but DollarsDirect offers loan terms of between 65 and 100 days.
  • Refinancing available. If you want to extend your loan, you can apply for refinancing to be approved for another credit limit of $2,025. Just keep in mind you will need to repay the establishment fee, and the amount you owe on your first loan will be subtracted from your new loan.
  • Easy online application. The whole application can be completed online within minutes.DollarsDirect is legally required to review three months of your bank account transactions. This can be done automatically through Yodlee, a secure platform that gives DollarsDirecta read-only view of your statements.
  • Apply with bad credit. You will be considered for a loan even if you have bad credit, as long as you prove you will be able to afford your repayments.

I’m considering applying. What will I be charged?

Before submitting your application the following costs should be considered:

  • Establishment fee: $300
  • Interest rate: 4% of principal amount per month.

You may also incur certain fees for late payments or for direct debits that are dishonoured. More information on these charges will be outlined in your credit contract. If you sign up to your loan and decide that you want to cancel, you can do so within 24 hours.

How do I apply for the DollarsDirect Loan?

Start your application online by clicking ‘Go to Site’. Keep in mind that eligibility criteria need to be met before you apply, including that you:

  • Have been employed for at least a month
  • Have an active bank account with direct deposit
  • Are a current resident of Australia
  • Are at least 18 years of age

You’ll also need certain personal and financial details to complete your application. If you apply for the loan by 2:30pm and you bank with ANZ, CommBank, St.George or Westpac you can expect the loan in your account on the same business day. Customers with other banks and credit unions can expect their approved loans by the next business day.

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    Default Gravatar
    October 9, 2015

    If i were to get a $2000 loan from here and pay it back before the year is up does that mean I do not pay the 48% pa fee or is it still included?

      Avatarfinder Customer Care
      October 12, 2015

      Hi Sumari,

      Thanks for your question.

      When you take out a loan you will be charged a $400 establishment fee (that you pay off as part of the loan) and an interest rate that is $48 p.a. As the rate is representative of a yearly rate, if you pay it off before a 12-month term you will not pay the full rate.

      I hope this has helped.



    Default Gravatar
    September 19, 2015

    I want to apply for a loan of $2000.00 I have a contract job for 5 years. I am confused as to do I get the full amount initially or is paid in instalment.

      Avatarfinder Customer Care
      September 21, 2015

      Hi Simeon,

      Thanks for your question.

      You will be given access to a credit limit up to $2,025 that you’ll have full access to the amount you’re approved for, so no, it’s not available in installments. If you don’t withdraw the full amount available to you, you can request additional money later on during the ‘open draw’ period.

      I hope this has helped.



    Default Gravatar
    September 9, 2015

    Can i please apply for a 800 loan i have 2 jobs get paid weekly on both and also receive centerlink

      Avatarfinder Customer Care
      September 9, 2015

      Hi Alison,

      Thanks for your question.

      The minimum criteria for the DollarsDirect loan is that you:
      – Have been employed for at least a month
      – Have an active bank account with direct deposit
      – Are a current resident of Australia
      – Are at least 18 years of age

      If you meet this criteria then you can click ‘Go to Site’ to submit your application.

      I hope this has helped.



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