K24 Short Term Loans Comparison - Reviews & Fees | finder.com.au
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Compare K24 Short Term Loans

Matt Corke
Matt Corke
Last updated:  

If you’re looking to a short term financial solution, you might want to consider a loan from K24.

K24 is no longer accepting applications

While you can no longer apply for a K24 loan, you can compare your other payday loan options using the comparison table below. If you have an existing K24 loan please visit the K24 website for details on how to pay out your loan.

K24 is Australian-based small lending company that is owned and operated by the German financial holdings group, Kreditech Holdings SSL GmbH. The focus of its business is technology, which it relies on to analyse customer data and determine their borrowing eligibility. K24 operates across three continents and in six different countries, and is committed to providing high-quality customer service to people in need of short-term credit.

$1,200

Maximum loan amount

Same Day

Turnaround time

conditions apply

16-30 days

Term of loan

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Details

Product NameK24 Short Term Loans
Minimum loan amount$100
Maximum loan amount$1,200
Initial Maximium Loan Amount$600
Arrears Fee$35
Loan term16-30 days
Turnaround timeSame Day - conditions apply
Costs20% of principal amount (establishment fee) + 4% of principal amount per month.
RequirementsYou must be over 18 and have Internet banking.
Available to Centrelink Borrowers?Yes

Alternative short term loan options

Whilst we don't directly compare K24 Short Term Loans, compare other short term loan offerings before you consider applying

Data updated regularly
Name Product Maximum loan amount Term of Loan Turnaround time Arrears Fee Costs Fortnightly Repayment (for $1500 Loan)
Sunshine Short Term Loans
Sunshine Short Term Loans
$2,000
9-14 weeks
30 minutes - conditions apply
$35
20% of loan amount + 4% of loan amount each month
$396
A small loan up to $2,000 that you repay over 9-14 weeks. Loans approved and funded in as little as 30 minutes.
Go to site
More Info
Nimble Short Term Loan
Nimble Short Term Loan
$2,000
62 days to 9 months
1 hour - conditions apply
$15
20% of loan amount + 4% of loan amount each month
$372
A loan up to $2,000 with terms up to 62 days to 9 months. Centrelink cannot be your primary source of income.
Go to site
More Info
Safe Financial Small Loan
Safe Financial Small Loan
$5,000
22 - 52 weeks
Same day - conditions apply
$35
Up to $2,000 - 20% establishment fee + 4% monthly.

Above $2,000 - $400 + loan management fee of up to $399 + from 8.7% to 48% APR
$396
Borrow from $1,000 to $5,000 with same-day funding and no early repayment fees.
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More Info
Fair Go Finance Small Loan
Fair Go Finance Small Loan
$2,000
3-12 months
24 to 48 hours
$35
0% Establishment Fee + monthly fee 4%
$354
A small loan between $500 and $2,000 that can be funded in 24 hours. Note: Save up to $400 when you apply for a small loan from $500 to $2,000 and are approved for a 0% establishment fee. T&Cs apply.
Go to site
More Info
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Compare up to 4 providers

How do K24 loans work?

K24 offers a simple loan application and approval process:

Step one: Choose your loan amount and terms. You can use the sliders on K24’s website to do this, which you can get to by clicking 'Go to Site'. Simply drag them to your desired loan amount and loan terms. If you are a first time customer you will only be able to borrow up to $600, but recurring customers who have successfully repaid their first loan may be approved for a higher loan amount the second time.

Step two: Register your details. This process should take less than 15 minutes and will require you to submit your banking details. An automated system will then use over 10,000 data points to start the approval process.

Step three: Confirm your account. This step involves K24 securely accessing a read-only copy of your bank account through Yodlee. K24 can then determine your eligibility for a loan.

Step four: You will receive your loan amount. If you are approved, K24 can process your loan quickly. The time will differ depending on what bank you are with, but it is generally between 24 and 48 hours.

Step five: You will make your repayments. On the nominated dates your repayment amounts will be direct debited from your account. You also have the option of making early repayments if you are able to.

Features and benefits

  • As a global lender, you can be confident in K24's expertise and experience.
  • K24 relies on secure technology and data encryption so you know your information will be protected.
  • The online application process is fast and simple, and you don’t have to supply the documents yourself.
  • You are able to make early repayments should you be able to, which can help you to better manage your loan.

Fees

  • Loan establishment fee of 20% of the principal amount borrowed.
  • A monthly fee which is 4% of the principal amount borrowed.
  • A direct debit dishonour fee of $35.
  • An overdue fee of $60 which is charged six days after the loan due date.
  • A default fee of $90 which is charged 15 days after the loan due date.

Eligibility

To be eligible to apply for a loan with K24 you will need to meet the following criteria:

  • Your primary source of income must come from a source outside of Centrelink payments.
  • You must have an Australian residential address that is current and valid.
  • You have to have a valid Medicare number.
  • If you are on Centrelink, your loan repayments cannot exceed more than 20% of your Centrelink income

How to apply

If you are interested in applying for a loan with K24 you can click the 'Go to site' button on this page to be directed through to its website. From there, you will need to provide your details and then you will receive a decision within 15 minutes. You can also check the status of your loan by logging into your personal account on the K24 website.

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63 Comments

    Default Gravatar
    john
    January 28, 2016

    Are you lending ATM

    Reply
      Avatarfinder Customer Care
      Elizabeth
      January 28, 2016

      Hi Johnny,

      You’ve come through to finder.com.au, a financial comparison service and not K24. K24 are currently offline and not accepting new applications. You can compare your other payday loan options on this page.

      I hope this has helped.

      Thanks,

      Elizabeth

      Reply
    Default Gravatar
    jason
    January 11, 2016

    How much would i be able to lend

    Reply
      Avatarfinder Customer Care
      Elizabeth
      January 12, 2016

      Hi Jason,

      K24 are currently offline and not accepting new applications.

      You can compare other payday loans and learn about the rates and fees on the page. Please ensure to read through the relevant product disclosure statement and terms and conditions of the lender to ensure that you got everything covered before you apply.
      I hope this has helped.

      Thanks,

      Elizabeth

      Reply
    Default Gravatar
    Karla
    January 7, 2016

    Hi I was just wondering if I was able to apply for a loan

    Reply
      Avatarfinder Customer Care
      Elizabeth
      January 7, 2016

      Hi Karla,

      K24 are currently offline and not accepting new applications. You can compare other payday loans and learn about the rates and fees on the page. You can select the “Go to site” button of your preferred lender to proceed with your application or speak with a representative for further inquiries.

      A gentle reminder, please ensure to read through the relevant product disclosure statement and terms and conditions of the loan to ensure that you got everything covered before you apply.

      I hope this has helped.

      Thanks,
      Elizabeth

      Reply
    Default Gravatar
    Paul
    January 5, 2016

    Can I borrow $300?

    Reply
      Avatarfinder Customer Care
      Elizabeth
      January 6, 2016

      Hi Paul,

      K24 are currently offline and are not accepting new applications. You can compare other payday loans and learn about the rates and fees on the page. You can select the “Go to site” button of your preferred lender to proceed with your application or speak with a representative for further inquiries.

      A gentle reminder, please ensure to read through the relevant product disclosure statement and terms and conditions of the loan to ensure that you got everything covered before you apply.

      I hope this has helped.

      Thanks,
      Elizabeth

      Reply
    Default Gravatar
    Paul
    January 5, 2016

    Hi I get 576 a fortnight can I borrow?

    Reply
      Avatarfinder Customer Care
      Elizabeth
      January 5, 2016

      Hi Paul,

      K24 are currently offline and are not accepting new applications. You can compare other payday loans and learn about the rates and fees on the page. You can select the “Go to site” button of your preferred lender to proceed with your application or speak with a representative for further inquiries.

      A gentle reminder, please ensure to read through the relevant product disclosure statement and terms and conditions of the loan to ensure that you got everything covered before you apply.
      I hope this has helped.

      Thanks,

      Elizabeth

      Reply
    Default Gravatar
    Alyce
    December 15, 2015

    Hi after are loan to pay some of my bills and I’m on parenting paying from Centrelink can you help please

    Reply
      Avatarfinder Customer Care
      Elizabeth
      December 16, 2015

      Hi Alyce,

      Thanks for your question.

      K24 are currently offline and not accepting new loan applications. However, you can compare lenders that accept applications from people receiving Centrelink payments. Remember to check the eligibility criteria before you apply. Please ensure to read through the relevant product disclosure statement and terms and conditions to ensure that you got everything covered before you apply for a loan.

      I hope this will help.

      Thanks,

      Elizabeth

      Reply
    Default Gravatar
    Ervin
    December 9, 2015

    Hi I’m in centerlink and I’m only getting 500 a fortnight it’s any one gonna give me a go for a loan so my kids can have at least a small christmas just for $2.600 for 4kids & 2adults if any one thank you.

    From:ervin family

    Reply
      Default Gravatar
      Nakita
      December 14, 2015

      I’m receiving 500 on centrelink payments would ibe eligible for a loan

      Reply
      Avatarfinder Customer Care
      Elizabeth
      December 14, 2015

      Hi Nakita,

      Thanks for your question.

      K24 is currently offline and not receiving new loan applications but there are lenders who may consider you for a loan while receiving Centrelink payments as income. There are also several government and community financial assistance programs who may be able to assist you with no interest loans and low interest loans.

      Before applying for a loan, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you.

      I hope this has helped.

      Thanks,

      Elizabeth

      Reply
      Avatarfinder Customer Care
      Elizabeth
      December 9, 2015

      Hi Ervin Family,

      Thanks for your question.

      K24 is currently offline and not considering new applications, but there are lenders who may consider you for a loan if you are receiving Centrelink payments as income. You can find lenders that may consider you and read a guide on borrowing while on Centrelink payments.

      Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you.

      I hope this will help.

      Thanks,

      Elizabeth

      Reply
    Default Gravatar
    Naomi
    November 20, 2015

    Hi I’m on centre link and I get 550 every fortnight can I still go for a loan

    Reply
      Avatarfinder Customer Care
      Elizabeth
      November 20, 2015

      Hi Naomi,

      K24 are currently offline and not accepting new applications. You can compare lenders who offer loans to Centrelink recipients and other government and community assistance programs that you can apply.

      Please ensure to read through the relevant product disclosure statement and terms and conditions to ensure that you got everything covered before you apply for the loan.

      I hope this will help.

      Thanks,
      Elizabeth

      Reply
    Default Gravatar
    Thabile
    November 18, 2015

    I need a loan

    Reply
      Avatarfinder Customer Care
      Elizabeth
      November 19, 2015

      Hi Thabile,

      K24 are currently offline and not accepting new applications. You can compare your other payday loan options and apply for them. You can select the “Go to site” button of your preferred lender to proceed with your application. You can also contact the lender if you have specific questions. A gentle reminder, please ensure to read through the relevant product disclosure statement and terms and conditions to ensure that you got everything covered before you apply.

      I hope this helps.

      Thanks,
      Elizabeth

      Reply
    Default Gravatar
    k24
    October 22, 2015

    I am finding it hard to get a pay day loan, I am having financial hardship at this time. I would appreciate a helping hand. Thank you

    Reply
      Avatarfinder Customer Care
      Elizabeth
      October 23, 2015

      Hi,

      Thanks for your question and sorry to hear about your situation.

      K24 are currently offline and not taking any new applications. If you are experiencing financial hardship you might want to get in touch with the free financial counselling service on 1800 007 007 who can offer you some free advice – there are also several community financial assistance programs who may be able to assist with no interest loans and low interest loans. Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you.

      I hope this will help.

      Thanks,
      Elizabeth

      Reply
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