K24 Short Term Loans

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.

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Maximum loan amount

Same Day

Turnaround time

conditions apply

16-30 days

Term of loan

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  • K24 Short Term Loans are now no longer in operation. The information on this page has been kept for the benefit of those who are interested.

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. Find out more here: https://www.finder.com.au/coronavirus-financial-help

⚠️ 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.

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

Name Product Maximum loan amount Term of Loan Turnaround time Arrears Fee Costs Fortnightly Repayment (for $1500 Loan)
Sunshine Short Term Loans
9-14 weeks
30 minutes - conditions apply
20% of loan amount + 4% of loan amount each month
A small loan up to $2,000 that you repay over 9-14 weeks. Loans approved and funded in as little as 30 minutes.
Nimble Short Term Loan
62 days to 9 months
1 hour - conditions apply
20% of loan amount + 4% of loan amount each month
A loan up to $2,000 with terms up to 62 days to 9 months. Centrelink cannot be your primary source of income.
Fair Go Finance Small Loan
3-12 months
24 to 48 hours
0% Establishment Fee + monthly fee 4%
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.
Jacaranda Finance Personal Loan
9-24 months
Under 1 hour - conditions apply
$0 - $1,000 depending on credit
Borrow up to $10,000 and get access to your funds in as little as 1 hour.

Compare up to 4 providers

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.


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.

What are the risks of short term loans?

  • Unaffordable repayments. Short term loans are an expensive way to borrow money and should only be used as a last resort. Check the size of each repayment and ensure you will be able to pay it on time. Unaffordable repayments can lead to late fees that will only make things worse.
  • High rates and fees. Rates and fees on short term loans are high but there are rules in place so be sure to check your lender is not charging you more than ASIC allows. Also, look at what you would be charged if you are late on a payment or if you default on the loan altogether.
  • Unreputable lenders. All Australian lenders should be accredited by ASIC. Check for a credit licence on the ASIC Register and ensure that the lender is easily contactable.
  • Impact on credit score. Every loan application shows up on credit reports. While lenders might not consider credit history, applying for lots of loans within a short period can have a negative impact on your credit score in the future.

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.


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.

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    Default Gravatar
    August 11, 2015

    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

      Avatarfinder Customer Care
      August 11, 2015

      Hi Anthony,

      Thanks for your question.

      If you would like to apply with K24, you will need to get in contact with them directly or wait until their website comes back up – you can also compare your other loan options from our payday loans page.

      I hope this has helped.


    Default Gravatar
    March 29, 2015

    Now am able to see my accont opened but where should i see my approved loan amount. please help


      Avatarfinder Customer Care
      March 30, 2015

      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.


    Default Gravatar
    December 20, 2014

    Just enquiring about the progress of my loan.
    Regards Jordana

      Avatarfinder Customer Care
      December 22, 2014

      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.


    Default Gravatar
    November 24, 2014

    Why is so hard to get through on the phone with K24

      Avatarfinder Customer Care
      November 24, 2014

      Hi Micheke,

      Thanks for your question.

      Unfortunately, we can not speak for K24, you may want to try contacting them directly to get information and specifics for your inquiry.


    Default Gravatar
    October 31, 2014

    is a fee charged for an application even if it is unsuccessful

      Avatarfinder Customer Care
      October 31, 2014

      Hi Frank,

      Thanks for your question.

      No, the fee isn’t charged if you’re not successful in your application.


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