Take advantage of a quick and simple application process for a short term loan with 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.
While money makes the world goes round, it can also stop your world dead in its tracks if you run out of it. What would you to do if you were hit with an emergency expense and you still had a few weeks, or even a month, until payday? Would you be able to pay for it? Unfortunately, the answer for a lot of Australians would be no. And while there are a lot of different credit options out there, they can’t always be accessed by those with bad credit, or on a lower income, or by those who receive some sort of Centrelink benefits.
If you find yourself in this situation, you might want to consider a short term loan from K24. They provide loans to Australians who may not be approved by banks and other lenders. If you’re in need if a short term credit solution, then take a look and see if K24 might be for you.
Alternative short term loan options
How do K24 short term loans work?
- Loan amount terms. The first step in the process involves you selecting how much you want to borrow and for how long. The maximum you’ll be able to borrow the first time you take out a loan is $600, but you may be able to borrow more the next time you borrow. The repayment terms are for between 16 and 35 days.
- Register and confirm your details. This step involves you providing your personal information so it can be scored by the K24 10,000 point data scoring system. You will also need to provide your bank account details so they are able to access a ‘read only’ copy of your account to determine your eligibility to receive a loan.
- You will receive your loan amount. Once approved, you will receive your loan amount into your bank account within 24-48 hours. The time it takes will depend on the bank you are with.
- Repayments. Your repayments will be direct debited out of your account from your account on the agreed-upon repayment dates. You also have the option of paying your loan early if you’re able to.
Fees
When you take out a short term loan with K24 the following fees will apply:
- You will be charged 20% of the principal amount as a loan establishment fee.
- You will be charged 4% of the principal amount as a monthly fee.
- If your direct debit is dishonoured you will be charged $35.
- If your loan is overdue by six days you will be charged $60.
- If your loan is overdue by 15 days you will be charged a further $90.
Things to consider
Before you take out a short term loan you should consider your ability to make the repayments. As the fees are set out on the website you can work out how much your repayments will be and whether they will be manageable on your budget. You may also want to consider whether you need the loan, and whether you might benefit from accessing any other types of finance. These type of loans should not be considered a solution to longer term financial problems, but rather to cover short term needs. If you find yourself in need of these type of loans often you may need to speak to a financial advisor.
Eligibility
To be eligible for a short term loan from K24 you will need to meet the following criteria:
- Be over the age of 18
- Have a valid Australian Medicare number
- Have a current valid residential address in Australia
- Receive your primary income from a source outside of Centrelink payments
How to apply
To apply for a loan with K24 you can follow the secure link on this page to fill out their online application form. After you provide your bank account details and personal information you will receive a response within 15 minutes as to whether or not you’ve been approved.
Warning about Borrowing
Do 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.
Hi
I’ve had loans from you before I want to borrow $900 when would I get the money today or tomorrow it seems your webpage is down at the moment when will it be up
Anthony
Hi Anthony,
Thanks for your question.
You’ve come through to finder.com.au, a financial comparison service and not K24. If you’d like to apply with K24 you’ll need to get in contact with them directly or wait until their website comes back up – you can also compare your other loan options here.
I hope this has helped.
Thanks,
Elizabeth
Now am able to see my accont opened but where should i see my approved loan amount. please help
thanks
Hi Gagan,
Thanks for your question.
Please speak to a member of the customer service team at K24, they will able to fix this internally for you.
Cheers,
Shirley
Just enquiring about the progress of my loan.
Regards Jordana
Hi Jordana,
Thanks for your question.
Please note that if you decide to apply for a product or service through our website you will be dealing directly with the provider of that product or service and not with us. Please get in touch with K24 directly to enquire about the status of your loan.
Cheers,
Shirley
Why is so hard to get through on the phone with K24
Hi Micheke,
Thanks for your question.
Unfortunately we can not speak for K24, you may want to try contacting them through email instead.
Cheers,
Shirley
is a fee charged for an application even if it is unsuccessful
Hi Frank,
Thanks for your question.
No, the fee isn’t charged if you’re not successful in your application.
Cheers,
Shirley
I’ve applied for a loan but having trouble finalising. Call me. Thank you.
Hi There Sandy,
Thanks for your comment – unfortunately you’ve come through to finder.com.au – a comparison service.
Please contact the lender directly in regards to your application.
Cheers
Matt