In this guide

  • Review
  • Details
    • Product details
  • How does the Credit24 Short Term Personal Loan work?
  • Eligibility
  • How to apply?
  • Features of this loan
  • How much does the Credit24 Short Term Personal Loan cost?
  • Your reviews
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Credit24 Short Term Personal Loan

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Credit24 Short Term Loan
Maximum loan amount
Turnaround time conditions apply
Same day
Fortnightly repayment
for $1,500 loan
Term of loan
4 to 12 months
Do you really need a loan today? If you would like to speak to someone about your finances you can call the free National Debt Helpline on 1800 007 007.


Credit24 offers short term loans up to $2,000 if you have good credit history.

Credit24 is an online lender that offers you flexibility when you're in need of quick financing. You can apply online 24/7 and there are a range of loan amounts available.
If approved, you can have the loan in your account in one business day. Credit24 has flexibility with its eligibility criteria as well – you're able to apply if you receive Centrelink payments and are employed, are self-employed or earn a lower income.


  • Loan terms up to 12 months
  • Early repayments accepted
  • Available to Centrelink recipients
  • If approved, funds to your bank account instantly


  • Bad credit borrowers not accepted

In this guide

  • Review
  • Details
    • Product details
  • How does the Credit24 Short Term Personal Loan work?
  • Eligibility
  • How to apply?
  • Features of this loan
  • How much does the Credit24 Short Term Personal Loan cost?
  • Your reviews


Product details

Product Name Credit24 Short Term Loan
Minimum loan amount $500
Maximum loan amount $2,000
Initial Maximium Loan Amount $2,000
Arrears Fee $10
Loan term 4 to 12 months
Turnaround time Same day - conditions apply
Costs 20% of loan amount establishment fee + 4% of loan amount monthly.
Requirements You must be employed and have a good credit history, be 18+ and have an active bank account
Available to Centrelink Borrowers? Yes

How does the Credit24 Short Term Personal Loan work?

The first step is to find out if you're eligible to apply, which you can do by checking below. Select the loan amount and terms you need and ensure the outlined repayments will be manageable on your budget. The next step is completing your online application.


Before submitting your application, it's important to make sure you meet the minimum eligibility criteria. For a Credit24 loan, you need to be able to say "yes" to each the following:

  • Employment. You are currently employed.
  • Age and residency. You are a permanent Australian resident or citizen and are aged 18 or over.
  • Income. You earn at least $1,000 per month into your bank account.
  • Credit history. You have good credit history.
  • Centrelink income. If you receive Centrelink, your payments do not make up more than 50% of your income
  • Current loans. You do not have more than one active short term loan.

Approval for any loan is subject to assessment by the lender, and there are always terms and conditions that apply.

How to apply?

You can click "Go to Site" to get your application started. After you're securely transferred to Credit24's website you can select your loan amount and repayment terms. Your ongoing repayments will be outlined for you and if they seem affordable you can fill out your application. You'll need the following to complete this:

  • Your mobile phone number and email address
  • Driver's licence number (if you have one)
  • Access to the last three months of your bank statements (this can be submitted electronically using your bank details through Illion)

Credit24 offers a flexible loan that you can consider if you're in need of quick cash. Remember to compare your options before you apply so you get the best loan for your needs.

You will be required to submit three months of banking history through Illion, a secure online platform used by many online, short-term lenders. Your loan will then be processed and if you are unconditionally approved, you should receive your loan on the same day.

Features of this loan

There are various features to keep in mind when considering whether to apply for this loan. Some of these include:

  • Receive your money quickly. You can apply online 24/7 and after being unconditionally approved your money will be transferred in as little as 60 seconds (if approved during business hours). You will receive it on the same day.
  • Range of loan amounts available. You can borrow any amount between $500 and $2,000, making a Credit24 loan suitable for a range of purposes.
  • Transparent fee structure. Credit24 is extremely transparent with its fee structure. You can check the upfront and ongoing fees of various loan amounts before you apply.
  • Repayment terms. You'll have between 4 to 12 months to repay your loan. The loan term can extend considerably longer than other short-term lenders.
  • Account management and early repayment. Check how much you have owing on your loan and pay it out early by logging into your online account.
  • Automatic repayments. Repayments are made by direct debit so you won't need to remember to make them yourself. Just ensure there are sufficient funds in your account on the day your repayment is due.

How much does the Credit24 Short Term Personal Loan cost?

Credit24 offers a detailed fee structure with its loans. Before you apply you will be able to select the amount you want to apply for and how long you need to repay it, and your repayments will be outlined for you. If these seem affordable you can continue with your application.

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