K24 Short Term Loans

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Take advantage of a quick and simple application process for a short term loan with K24.

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

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Name	Product	Maximum Loan Amount	Term of Loan	Cash Deposited In	Costs	Fortnightly Repayment (for $1500 Loan)
Sunshine Short Term Loans		$2,000	9-15 weeks	30 minutes - conditions apply	20% of loan amount + 4% of loan amount each month	$396	A small loan up to $2,000 that you repay over 9-15 weeks. Loans approved and funded in as little as 30 minutes. Centrelink must not be your primary income	Go to site More Info	Compare	loading Fetching your data...
Wallet Wizard Smart Loan (Up to 2K)		$2,000	Up to 2 years	3 hours - conditions apply	47.8%	$316.70	Apply for up to $2,000 and be able to access your approved loan as a convenient line of credit.	Go to site More Info	Compare	loading Fetching your data...
Nimble Short Term Loan		$2,000	62 days to 1 year	1 hour - conditions apply	20% of loan amount + 4% of loan amount each month	$396	A loan up to $2,000 with terms up to 62 days to 1 year. Centrelink cannot be your primary source of income.	Go to site More Info	Compare	loading Fetching your data...
Credit24 Short Term Loan		$2,000	6-12 months	Same day - conditions apply	20% of loan amount establishment fee + 4% of loan amount monthly.	$396	Credit24 offers this loan up to $2,000 and gives you 12 months to repay.	Go to site More Info	Compare	loading Fetching your data...
Fair Go Finance Small Loan		$2,000	3-12 months	1 business day	Establishment fee from 10% of loan amount + monthly fee from 2%	$354	A small loan between $500 and $2,000 that can be funded in 24 hours.	Go to site More Info	Compare	loading Fetching your data...
Capfin Short Term Loan		$2,000	6 to 12 months	Overnight	20% of loan amount + 4% of loan amount each month	$396	A short-term loan from $500 that you can have up to 12 months to repay. All credit histories considered.	Go to site More Info	Compare	loading Fetching your data...

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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 16-30 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.