Payday 24/7 Payday Loans

Information verified correct on April 26th, 2017
Important Information
  • Payday 24/7 loans are now offered through its parent company, Ferratum. The rates, fees and requirements as outlined on the page below are all the same. You can use the 'Go to Site' link to apply online with Ferratum.

Payday 24/7 offers payday loans to everyday Australians who may be in need of emergency cash.

Payday 24/7 is an Australian run company that is based in Perth and directed by an Australian banker with over 15 years experience. The company is operated on the basis that the customer should only borrow what they need. This is a philosophy which is reflected in its lending system and how it offers payday loans. Payday 24/7 may be able to help you in times of financial emergencies.

Product NameFerratum Cash Loans
Min Loan Amount$100
Max. Loan Amount$1,900
Initial Maximum Loan Amount$1,000
Loan TermUp to 6 mths
Arrears Fee$38.50
Turnaround TimeSame Day if approved
Costs20% of borrowed amount + 4% of borrowed amount each month
RequirementsYou must be over 18 and have your own email address, mobile phone number and a bank account.
Available to Centrelink borrowersYes


  • Fast approval
  • Flexible repayment
  • Use funds for any purpose


  • High interest rate
  • Cost of 20% of borrowed amount + 4% of borrowed amount each month
  • Late fees may be charged
  • Must be over 18 years old
  • Australian citizen or Australian permanent resident
  • Must have a regular income
  • Need your own email address and mobile phone number

How does a loan from Payday 24/7 work?

Payday 24/7 offers short term payday loans. The loan amount can range from $100 to $1,000 and is generally deposited in your bank account quickly.

The application form is simple and can be completed online, making the application process relatively easy. After confirming your proof of identity and providing bank details, the approval process is almost immediate. The payday loans offered are short term and are structured to ensure they will lesson, rather than add to your financial burden.

Features and benefits of a Payday 24/7 Payday Loan

  • Fast direct deposits. The application process for a short term loan from Payday 24/7 is easy, secure and, most importantly, fast. The quick process means the cash you request could be in your account as fast as one business day. This attractive benefit can make a difference when you are in a desperate financial situation.
  • Local customer service. Getting a loan when you need it quickly can be a stressful situation. Payday 24/7 has local customer service representatives that can help you when you have important and urgent questions.
  • Apply online in minutes. Applying online is simple when using the Payday 24/7 website. The online application only asks simple questions and provides a response directly after you apply, meaning there is very little waiting involved. Because Payday 24/7 pairs with secure online partners, you can safely upload past bank statements which means there is no need no to dig through old papers.

How to apply for a personal loan from Payday 24/7

Fill in your personal details and complete the requested information. Your application could be approved in minutes, giving you access to funds quickly. The application form is simple to understand but if you need greater clarity, a local customer service representative is a phone call away.

Eligibility requirements

  • You must be 18 years old or over.
  • You must have an email account.
  • You must have a bank account.
  • You must have a working mobile phone.
  • You must be an Australian resident.

Payday 24/7 offers loans to residents of Australia who require emergency cash. It is a simple process to apply for a Payday 24/7 loan, making it easy for successful applicants to receive a funds quickly. When you are in a financially stressful situation or just need a bit of assistance in between paycheques, payday loans can be a handy financial cushion. With repayment dates of 16, 22 or 32 days, there are a variety of repayment options to suit a range of financial situations.

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.

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89 Responses to Payday 24/7 Payday Loans

  1. Default Gravatar
    Mario | March 23, 2017

    Morning guys can you please help. need cash urgent like in urgent

    • Staff
      May | March 23, 2017

      Hi Mario,

      Thank you for your inquiry.

      You may contact a lender listed above to discuss your options if you want to get a payday loan. Alternatively, you can also review the criteria, compare your loan options and get in touch with a lender featured on this page.


  2. Default Gravatar
    | January 13, 2017

    I’m John. I need a very fast loan of up to 700 to get me through next few days. I don’t have the best credit. Can someone help really? I need it.

    • Staff
      Jason | January 14, 2017

      Hi John,

      Thank you for your enquiry.

      Please check out this link for lenders who offers bad credit payday loans options. Alternatively, you can check out the lenders in this link for payday loan options with no credit check.

      I hope this helps.

      Kind regards,

  3. Default Gravatar
    Chrissy | December 9, 2016

    I’m Chrissy. I am wondering if you can help me. I need a small loan between $1200 and $2000 to pay up some of my bills including getting a new pair of prescription glasses as mine are broken and can’t see without them, ergo for car and fix gearbox in the car. My wage is $868 after tax and I work full time. I have lived in my house for 3 years. Can you please help me?

    • Staff
      Jason | December 9, 2016

      Hi Chrissy,

      Thank you for reaching out.

      Please get in touch with Ferratum to apply for a personal loan. Please note that the maximum amount that they can possibly lend to you is $ 1,900.

      You may also click this link to check out the other loan providers who can lend you a maximum amount of $2000.

      Please note that is a financial information service and general information website that helps consumers make better decisions. We are not a loan provider or a bank.

      I hope this helps.

      Kind regards,

  4. Default Gravatar
    Sean | October 21, 2016

    Good Evening, I was wondering if I would be able to apply for a loan through your organisation. I receive over $600 Carers Pension per fortnight, plus a ComSuper pension of $857. This totals over $1500 per fortnight. I am also a bankruptcy. That’s another story. I only require about $1500 in order to catch up on some outstanding bills ie: car registration, Telstra etc. Would you be able to help?

    • Staff
      Elizabeth | October 24, 2016

      Hi Sean,

      As a financial comparison website we don’t offer the loans ourselves, but the lender reviewed on the page above does consider bankrupt applicants and those receiving the pension.

      Hope this helps,


  5. Default Gravatar
    britto | April 20, 2016

    ok so I applied for my loan of 500 dollars about 2 hours ago. Ferrutum stated it would take around 12 minutes. Still nothing. How do I find out how long it will actually take so I don’t have to apply for several other loans because im frantic for money.


    • Staff
      Elizabeth | April 20, 2016

      Hi Britto,

      You may want to get in contact to find out about the status of your application. It’s important not to apply for any other loans until you have heard back from Ferratum – every loan application you make will be listed on your credit file and will impact your ability to access further finance. The application should take around one hour to be processed but it may take longer depending on processing times.

      I hope this has helped,


  6. Default Gravatar
    Tracy | December 5, 2015

    Can I get a credit card or a loan with Centrelink payments only I’m not employed I do house duties and I get a payment a week I have two small loans already that I’m paying off a fortnight and I have credit default with cash stop from last year and I want a long term loan or credit card with a long term loan with a low repayment and low interest rate can u help me

    • Staff
      Elizabeth | December 8, 2015

      Hi Tracy,

      You won’t be eligible for a credit card if you are unemployed, but you might be able to find a lender who could consider you for a loan on this page. Keep in mind there are strict eligibility criteria regarding unemployed loans and to review this criteria before you apply.



  7. Default Gravatar
    Tracy | December 5, 2015

    I week is a disability pension a fortnightly and the other week is facility tax benefit a&b payment a fortnight and I don’t work I currently have 2 small loans I’m paying off at 138.00 a fortnight for both and I have a credit default with cash stop for last year for 360.00 will I still be eligible for step up loan for 3000

    • Staff
      Elizabeth | December 7, 2015

      Hi Tracy,

      To be eligible for a SteUp loan you need to hold a current Centrelink health card or Pension card or qualify for Family Tax Benefit A and have lived in your current address for more than three months. A credit check is also required. Other eligibility criteria will be discussed when you apply for the loan.

      I hope this has helped.



  8. Default Gravatar
    Tracy | December 5, 2015

    If I’m eligible for a loan through step up n I’m waiting for the step up pack and I fill out the forms and have an interview does that mean I have the loan

    • Staff
      Elizabeth | December 7, 2015

      Hi Tracie,

      Your loan is not confirmed until after your interview when you discuss your eligibility with your MicroFinance Worker. Make sure you fill out all the paperwork and bring it to the interview. After your interview your application will be sent to NAB for an assessment, which includes a credit check, and if approved you will need to visit a NAB branch to sign your loan contract.

      I hope this has helped.



  9. Default Gravatar
    Amy | November 26, 2015

    Hi I’m only receiving single parent payments off centerlink and I’m in need of a cash loan is there any companies that offer cash loans for people like me

    • Staff
      Matt | November 26, 2015

      Hi Amy,

      Thanks for getting in touch. Lenders generally have a percentage of your income that they will lend up to when borrowers are on Centrelink. You can review each lender here and review the criteria.

      It’s important to compare your options before applying.


    • Default Gravatar
      Amy | November 27, 2015

      Do you know of any companies that do lend cash loans in my situation

    • Staff
      Elizabeth | November 30, 2015

      Hi Amy,

      As I’m unaware of your current financial situation I can’t comment on a lender you may be eligible with. You can compare lenders on this page – minimum criteria is usually that you are 18 and earning a minimum income. If you are receiving Centrelink payments you can head to this page, if you are unemployed you can compare lenders on this page.

      I hope this has helped.



    • Default Gravatar
      Amy | November 30, 2015

      I receive single parents payments off centrelink only at the moment and I’m in need of a cash loan do you know of anyone who does loans for people in my situation. Amy

    • Staff
      Elizabeth | November 30, 2015

      Hi Amy,

      I can’t recommend a specific lender to you but the page you are on shows the details of a lender, Ferratum, who accepts loans from people receiving Centrelink payments. By clicking “Go to Site” you can submit an application. You can also compare your other loan options on this page.

      I hope this will help.



  10. Default Gravatar
    Gav | October 7, 2015

    During the application with Payday 24/7 I have been asked to give my internet banking password this is usually a big no no, is this legitimate?

    • Staff
      Elizabeth | October 8, 2015

      Hi Gav,

      Thanks for your question.

      This is a pretty standard practise for payday lenders – when you provide your Internet banking details Payday247 will be given a ‘read-only’ copy of the last three months of your bank statements. This is all administered through Credit Sense, so Payday247 will never actually see your login details, only your statements in order to verify your financial position. All data is encrypted and secure, but if you have further questions or concerns you might want to direct them to Payday247.

      I hope this has helped.



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