Payday 24/7 Payday Loans

Last updated:  
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.

$1,900

Maximum loan amount

Same day

Turnaround time

conditions apply

$396

Fortnightly repayment
for $1,500 loan

3 to 12 months

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!

Details

Product NameFerratum Cash Loans
Minimum loan amount$500
Maximum loan amount$1,900
Initial Maximium Loan Amount$1,900
Arrears Fee$55
Loan term3 to 12 months
Turnaround timeSame day - conditions apply
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 Borrowers?Yes

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.

How does a loan from Payday 24/7 work?

Payday 24/7 offers short term payday loans. The loan amount can range from $500 to $1,900 and is generally deposited in your bank account quickly.

The application form is simple and can be completed online. After confirming your proof of identity and providing bank details, you will find out almost immediately if you have been approved for the loan. 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.
  • Local customer service. Getting a short-term 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 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, local customer service representatives are available to speak to on the phone.

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.

Ask an expert

To ask a question simply log in via your email or create an account.

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.

93 Comments

    Default Gravatar
    Michael
    April 20, 2019

    I need a quick loan but I’ve got a few loans already in the last 90 days. I just need a quick extra 500 bucks to get me through until I get back to work this week because I had an injury on my leg.

      Avatarfinder Customer Care
      Mai
      April 21, 2019

      Hi Michael,

      Thank you for contacting Finder.

      We hope that you are recovering fast.

      Please note that having multiple applications over a short period of time may hurt your credit file. I suggest that you check the eligibility requirements or contact Ferratum Cash Loans to check if you can be pre-approved before you apply. You can click the Go To Site button on this page should you wish to proceed with the application.

      Hope this helps.

      Kind Regards,
      Mai

    Default Gravatar
    Rosa
    February 18, 2018

    I want to borrow 1900 I can t get in to do my pin code please ring me on X

      Avatarfinder Customer Care
      Jonathan
      March 6, 2018

      Hi Rosa, thanks for your inquiry!

      Please note you have reached finder.com.au and not Payday 24/7 Loans, you can contact them directly on 1300 433 772. Available 7am-5pm Australian Western Time.

      Best,

      Jonathan

    Default Gravatar
    Mario
    March 23, 2017

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

      Avatarfinder Customer Care
      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 our online cash loans page.

      Cheers,
      May

    Default Gravatar
    John
    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.

      Avatarfinder Customer Care
      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,
      Jason

    Default Gravatar
    Chrissy
    December 9, 2016

    Hi,
    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?

      Avatarfinder Customer Care
      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 finder.com.au 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,
      Jason

    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?

      Avatarfinder Customer Care
      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,

      Elizabeth

    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.

    cheers

      Avatarfinder Customer Care
      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,

      Elizabeth

    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

      Avatarfinder Customer Care
      Elizabeth
      December 8, 2015

      Hi Tracy,

      Thanks for your inquiry.

      While you will not be eligible for a credit card if you are unemployed, you might be able to find a lender who could consider you for an unemployed loan. Keep in mind there are strict eligibility criteria regarding unemployed loans and to review this criteria before you apply.

      Please ensure to read through the relevant product disclosure statement and terms and conditions of the loan.

      I hope this helps.

      Thanks,
      Elizabeth

    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

      Avatarfinder Customer Care
      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.

      Thanks,

      Elizabeth

    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

      Avatarfinder Customer Care
      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.

      Thanks,

      Elizabeth

Go to site