Is Credit24 Legit? Yes, And Here’s Why

Wondering If Credit24 is Legit and Safe?

If you’re thinking about applying for a loan with Credit24, it’s natural to ask: Is Credit24 legit? Is Credit24 safe? With so many lenders online today, it’s smart to check whether a finance provider is regulated, responsible and transparent before you apply.

In this guide, we’ll walk through Credit24’s licensing, our responsible lending obligations, how your information is protected, what fees to expect, and why thousands of Australians trust us for fast, flexible loans.

Is Credit24 legit? An overview of our Australian Credit Licence

Yes — Credit24 is a legitimate, fully regulated Australian lender. Credit24 operates under Australian Credit Licence (ACL) 422839, issued by the Australian Securities and Investments Commission (ASIC).

Being an ASIC-regulated lender means:

• Credit24 must follow strict laws under the National Consumer Credit Protection Act (NCCP Act)
• We must lend responsibly and assess every customer’s ability to repay
• We must be transparent with costs, terms, fees and loan conditions
• We are regularly monitored to ensure compliance and consumer protection

Credit24 is a registered trademark of IPF Digital Australia Pty Ltd (ACN 130 894 405) — part of the international IPF Digital group that has operated for more than a decade in Australia.

This regulation ensures every loan is offered under clear rules designed to protect consumers and prevent harmful lending.

How safe is Credit24 as a lender?A responsible lending approach

Under the NCCP Act (Chapter 3), lenders must ensure loans are “not unsuitable” for customers. This means Credit24 must:

• Verify your income and expenses
• Assess affordability
• Consider your financial situation
• Ensure repayments won’t cause hardship

We take these obligations seriously. Our assessments are designed to protect customers from taking on loans they cannot manage.

Consumer protections built into every application

Because Credit24 operates under ACL 422839, every applicant receives:

• Transparent loan information before applying
• A clear breakdown of fees and interest
• A copy of our credit guide and terms
• Access to internal dispute resolution and the Australian Financial Complaints Authority (AFCA)

Secure handling of your information

Credit24 uses encrypted systems to protect your personal and financial information. Data is handled under the Australian Privacy Act, meaning:

• Your details are stored securely
• Your information is never shared without consent
• Identity verification follows government requirements

Your data is used strictly for assessing your application, not for marketing to third parties.


What makes Credit24 a responsible lender

Credit24’s entire lending process is designed around transparency, fairness and customer understanding.

Clear, honest assessment

We review:

• Income and employment
• Bank statements
• Spending patterns
• Existing commitments
• Your ability to meet repayments comfortably

This ensures the loan is suitable for your circumstances.

Helping customers understand their obligations
We provide:

• A tailored repayment schedule
• A clear outline of fees
• Information on what to do if your situation changes

Customers are encouraged to reach out early if they need support.

Support for financial difficulty

If you're experiencing hardship, Credit24 may be able to offer:

• Adjusted repayment plans
• Temporary payment arrangements
• Support through our dedicated hardship team

Our goal is always to help customers stay in control, not to pressure them.

Credit24 fees and charges: What to expect

Credit24 keeps fees transparent and easy to understand. Below is a breakdown of how our loans work.

Credit24 Personal Loans

Credit24 offers a range of personal loan amounts depending on your eligibility.

Fee structure

Depending on the loan category, fees may include:

• Establishment fee: Applied once at the start of your loan (amount varies by loan size)
• Monthly fee: A fixed fee included in your repayment schedule
• Interest: Applied per the loan type, shown clearly before you accept your loan

All fees are displayed upfront — there are no hidden charges.

Repayment process

Your loan is repaid through:

• Weekly, fortnightly or monthly instalments
• A set repayment schedule
• No penalties for early payout

This means if you choose to repay your loan sooner, you can save on interest without any additional costs.

Credit24 Line of Credit

A Credit24 Line of Credit works differently from a traditional personal loan.

How the Line of Credit works

• You receive access to a flexible credit limit
• You withdraw only what you need
• You pay interest and monthly fees only on the amount you use

Fees and terms

• Monthly interest: 2%–4% of the amount owing
• APR: 24%–47.9%
• Maximum term: 36 months from the date of your first draw
• Repayments: Made monthly, with no penalties for additional payments

Fast access to funds

For eligible customers, money can be paid out in as little as 60 seconds when using a OSKO-enabled bank.

This makes the Credit24 Line of Credit flexible, transparent and suitable for people who need ongoing access to funds.

Why customers trust Credit24

Transparency in everything we do

People trust Credit24 because:

• Fees are clearly displayed
• Terms are explained in plain language
• We never advertise misleading “guaranteed approval” or “instant approval” claims
• Customers always know what they’re signing up for

Supportive customer service

Credit24’s customer service team helps with:

• General questions
• Application support
• Hardship assistance
• Complaints or disputes

We take every enquiry seriously and aim to provide practical, respectful support.

Proactive financial wellbeing

We offer resources to help customers:

• Understand borrowing obligations
• Manage repayments
• Avoid financial stress
• Make informed decisions

We aim to be more than just a lender — we aim to be a practical financial partner.

Is Credit24 Legit? Final Thoughts

Yes — Credit24 is a legitimate, trusted and ASIC-regulated lender, operating under Australian Credit Licence 422839. Whether you're considering a personal loan or a line of credit, you can expect transparent fees, responsible lending, secure data protection and supportive customer care.

We’re here to help Australians access simple, flexible loans — without hidden surprises.

Need a fast, transparent loan from a trusted Australian lender?

Credit24 offers:

• Clear upfront costs
• Fast online applications
• No early repayment penalties
• Flexible repayment schedules
• ASIC-regulated consumer protections
  

Apply Now