
Get exclusive money-saving offers and guides
Straight to your inbox
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
We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!
Product Name | K24 Short Term Loans |
---|---|
Minimum loan amount | $100 |
Maximum loan amount | $1,200 |
Initial Maximium Loan Amount | $600 |
Arrears Fee | $35 |
Loan term | 16-30 days |
Turnaround time | Same Day - conditions apply |
Costs | 20% of principal amount (establishment fee) + 4% of principal amount per month. |
Requirements | You must be over 18 and have Internet banking. |
Available to Centrelink Borrowers? | Yes |
Whilst we don't directly compare K24 Short Term Loans, compare other short term loan offerings before you consider applying
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.
To be eligible to apply for a loan with K24 you will need to meet the following criteria:
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.