Applying with Credit24

Can I apply for a Credit24 loan if I am unemployed?

Unfortunately, we cannot offer you a loan if you are unemployed.

How does personalised interest rate work?

The interest rate on your loan depends on your credit history and your financial situation and this can range from 24% to 48% per annum.

What are the Credit24 Line of Credit fees?

There are no fees for applying or using your Line of Credit. Having the account open doesn’t cost you anything. You can withdraw more money or pay back your balance at any time without any fees. You’ll only pay the interest (24% – 48% per annum) on the money you have withdrawn down from your Line of Credit.


Why should I choose Line of Credit?

The main benefits of a Line of Credit are accessibility and flexibility. The funds can be withdrawn very easily and can be used for whatever purpose you need it to serve. You can also make extra repayments on your account at any time, which can save you in interest. Also, there are no fees for having the account open.

What is a Line of Credit?

A Line of Credit is a flexible loan. When you apply, you will be given an account limit, which you can choose to use all in one go or as little as you need. You’ll only pay interest for the balance you’ve withdrawn. You can withdraw more money from your available balance at any time without having to fill in another application. Log in here to see your available balance or make a withdraw.


What are Credit24’s fees and charges?

Personal Line of Credit $500 to $10,000

  • No establishment fee
  • 24%-48% interest p.a. on the outstanding balance
  • Late fee: $10 per week


For Small Loans $2,000 or under

  • Establishment fee of 20% of the loan amount
  • A monthly service fee that is 2%-4% of the loan amount
  • Late fee: $10 per week


For Medium Loans $2,001 to $5,000

  • Establishment fee of up to $400
  • 24%-48% interest p.a.
  • Late fee: $10 per week


For Personal Loans $5,001 to $10,000

  • No establishment fee
  • 24%-48% interest p.a.
  • Late fee: $10 per week
Why does Credit24 need my online bank statement?

We are required by law to review your bank statement covering the last 90 days of your transaction history. This can be done using Illion Bank Statements via a secure page in our application form. Illion is a 100% Australian owned and operated company subject to and compliant with all Australian laws and is trusted by many banks and financial institutions. Click here to find out more.


Unfortunately, we do not accept PDF statements.

Can I cancel my Credit24 loan application?

You can cancel your application anytime prior to the funds being transferred. If you want to cancel your Credit24 loan application, please call us on: 1800 091 967 or email us at

How long will it take for me to receive my money?

After submitting your loan application and if your loan is approved, money is transferred into your bank account within 60 seconds* to PayID enabled banks.

Can I apply for a loan outside business hours?

You can submit your loan application outside business hours. However, your loan application will be processed from 8am – 8pm weekdays, and 9am-5pm on weekends (AEST).

Can I enter a PO Box as my address?

Our application process requires your residential address for identification purposes, A PO Box will not be accepted. We prefer to communicate with you by phone, SMS and email.

Will Credit24 do a credit check?

Yes, Credit24 conducts a credit check on all applications and it will show as an enquiry on your credit file. If you think you might have unpaid defaults that would stop your application from being successful, you can obtain a free copy of your file from

Can I apply for Credit24 loan if I'm self employed?

Yes, however only if you have been self-employed for more than 12 months. We may also ask you for your latest Notice of Assessment (NOA) to validate your previous years’ annual income.

Can I apply for a Credit24 loan on Centrelink benefits?

Your Centrelink payments are classed as part of your income. To be considered for a Credit24 loan, it cannot be more than 50% of your total income, along with other factors in your loan application.


For Example: If your Centrelink payments are $1,000 per month and your salary is $700 per month you are not eligible for a Credit24 loan. However, if your Centrelink payments are $500 per month and salary $1,000 per month – you are eligible to apply for a Credit24 loan.


Credit24 offers an exemption for pensioners aged 67 and above who are eligible to apply even with Centrelink being their only source of income.


Unfortunately, we cannot offer you a loan if you are under 67 years old and your sole income is Centrelink.

How much can I borrow?

Credit24 offers Personal Loans or a Line of Credit up to $10,000. If you are a Permanent Resident aged 18 or over, you are welcome to apply.

The information you give during your application will be assessed and you will be given an instant decision on how much is available to you. If you do not want to take the full amount, you can choose a smaller loan amount. And, if you find the lower amount isn’t enough let us know and we can check if the larger amount is still available to you.

How do I apply for a Credit24 loan?

Applying for a Credit24 a loan is convenient and easy. We are online 24 hours a day, 7 days a week. Enjoy the freedom to choose when and where you apply online.


You can select how much you want to borrow and for how long then see exactly what your monthly repayments will be using our repayment calculator. There are no hidden charges.


Once you are happy with your amount choice, click Apply Now and you will be directed to the remainder of the application. You will receive a decision once the application is complete. If your application is conditionally approved, we may be in touch to get some more details from you.


During your application, we will ask you for a copy of your last three months of bank statements that you can easily send securely using Illion. Once we have all of your information, we can give you a decision on your application. In most cases we have everything we need once you have submitted your application, however if we need to check anything, we will call you on your mobile, so make sure you keep it handy!


Once everything is received, it is possible for your loan to be processed within an hour and paid to your account the same day.

Who is eligible for a Credit24 loan?

To be eligible for a Credit24 loan you must:

  • Be an Australian Citizen or a Permanent Resident
  • Be aged 18 years or over
  • Be employed and money paid into your bank account
  • Have a reasonable credit history
  • Earn at least $1,000 in a month


To complete the application process, you will need to provide us with the following additional information:

  • Your mobile phone number and email address
  • Your driver’s license details and in some cases your Medicare Card or passport number may be required
  • Your last three months of issued bank statements retrieved via Illion’s secure bank data portal. This is 100% safe and secure. To find out more, click here.

Already have a loan with Credit24

Can I top-up with Credit24?

From time to time we may offer you a ‘top-up’. If you’re eligible, we’ll send you an invitation via SMS, email or through your Self-Service.


To increase your eligibility, ensure that you make your loan repayments on time and that you have a good payment history with your other service providers.

What if I miss my repayment?

If you notice that a payment was missed or you know that there isn’t enough funds in your bank account for your next payment, please get in touch with our contact centre. Our team can help you avoid any late fees. You can call us on 1800 091 967 so we can help you get sorted. Late payments can incur a $10/week late fee.

How can I cancel my active loan with Credit24?

Once you’ve paid out your loan with Credit24, you can cancel anytime. We won’t charge you any fees for closing your loan early. All you need to do is pay it off and have no money owing.

If you have a Line of Credit, it’s free of charge to leave open and no interest is charged. It can be a safety net for when you need money quickly. You only pay interest for what you borrow.

Will I save on interest and fees if I pay out early or make larger repayments?

Yes, you only get charged interest on the outstanding balance so if you pay out early, interest is charged until the day you bring the balance to zero.

Any extra repayments will also help reduce the interest. All additional or extra repayments are applied to the principal which saves you interest. Your regular repayments will continue as normal until the balance is paid down. No penalties or fees will be applied for an early payment.

Can I pay my loan out early?

Yes, you can pay your account in full at any time without any fees or penalties. All you need to do is to log into your self service and go to the credit information section and you’ll be able to see the full repayment amount. Keep in mind that it changes daily due to interest. Your Line of Credit will remain active at no charge for when you need to withdraw in the future.

Why has my repayment amount changed?

Your repayments are calculated during your draw request. Anytime you withdraw from your limit, the repayment will change to reflect your new repayment amount. This is displayed in your self-service. You can request how much you would like to draw and pay back, putting you in control of how much you repay.

How can I make additional repayments?

Login to self service and at the bottom of your dashboard page you’ll see the option to ‘Repay Faster’, that has the bank information as well as your personal reference number to make additional payments.  Please make sure that you use your reference number to ensure that your payment gets allocated correctly. Any additional payments are applied to your balance, your regular repayments continue to be debited as per normal.

How much do I need to pay back? What are the repayments?

Your minimum repayment amount is calculated based on the amount you have withdrawn from your available balance. This is automatically spread over 36 months. Sometimes the repayable amount over 36 months is less than $10, if this is the case for you, your repayment amount will be $10. This means you will pay off the balance quicker, saving you interest.

What is the repayment term?

By default, your repayments are spread over a maximum of 36 months. Each new draw will recalculate over a 36 month period and your repayment amount will change to reflect this. 

How much can I withdraw?

The minimum withdraw amount is $50, and the maximum amount is your available credit limit.

Can I reset my password?

If you have forgotten your password or you’d like to reset your password, you can do so from the reset password link here.

Is it possible to change or extend the due date of my repayments?

Repayment dates can only be amended if:

  • Your Credit24 repayment dates do not match your salary dates
  • You face financial hardship, approved by Credit24 identification procedure


Late payment fees apply. To prevent this, please email us all the details to or call us on 1800 091 967 so we can discuss your options and arrange to suit your needs.

What are my options if I don't have the money for my regular repayment?

If you are finding it difficult to make repayments due to unforeseen circumstances including unemployment, illness, over commitment to credit, natural disaster, etc. You can apply for hardship assistance by filling out our hardship application form. Our Hardship Team will assist your needs after reviewing your hardship application and proof documents.

If you have any issues with your payment plan not matching your salary dates, please contact us via email at and confirm:

  • Your pay frequency (weekly, fortnightly or monthly)
  • Date or day your income goes into your account


We can amend your repayment contract to match these details. Please note:

  • Credit24 repayments can only be changed to match your salary date.
  • Changes cannot be applied for a single repayment but for the repayment plan as a whole.
  • It will take up to 48 working hours for your repayments to be updated
Why has my payment been debited from my bank account, but does not appear on my Credit24 account?

It takes 48 hours for your repayment status to be updated on your Credit24 account. If your repayment has not been updated more than two business days after your payment, contact our customer service team by email or call us on 1800 091 967.


How do I check my balance or get a statement

Login to your self service and on the right hand side click on the statement of accounts here you can see all your statements. You can see your balance by clicking on the credit information button on the right hand side above the statement.

What if I breach/dishonor the Credit24 Loan Agreement?

Please be advised that in accordance with the terms of the loan contract a loan account may be assigned by Credit24 to Australian Credit Licensee Panthera Finance Pty Ltd (Australian Credit Licence: 400699).

Can I request changes to my payment plan?

Yes, you can certainly do so by contacting our accounts team at or call 1800 091 967. It will take up to 48 working hours for the payment plan to be updated.


Is Credit24 a responsible lender?

At Credit24, responsible lending is a core value that guides everything we do. We take great care to thoroughly assess each loan application and only lend to customers whom we believe can afford to repay.


Our goal is to provide lending services that are not only reliable, transparent, and trustworthy, but also safe and secure for our customers.


We are committed to ensuring that you have a clear understanding of the terms and conditions of your loan, so you can make informed decisions about your finances.


You can learn more about our responsible lending practices here.

Does Credit24 have an app?

We sure do! Our app gives you all the benefits of your Self-Service area –  but better. From checking your account balance, requesting a Line of Credit draw or a top up on your loan, and making extra repayments – managing your account has never been easier.


How can I download the app?

Our app is available both in App Store and Google Play Store.


How do I contact Customer Care?

Our friendly customer service team is available Monday to Friday, 8am to 8pm (AEST) and on weekends, 9am to 5pm. Please contact us on:

  • Phone: 1800 091 967
  • Email:


If you wish to finalise your Credit24 loan, please contact our Customer Care team on 1800 091 967 or alternatively email us at

Can I view the Credit24 Privacy Policy?

Yes. As we believe in being transparent, all our policies are available on our website and can be accessed here.

How do I stop receiving marketing emails?

You can opt out of our marketing communications at any stage, simply select the “unsubscribe” option at the bottom of a Credit24 email or SMS, and we will remove you from special offers or announcement emails.


If you think you have received something that looks suspicious, please call us on 1800 091 967. Remember, we will never ask you to log into your account directly from an email, always type into your browser.

How many Credit24 loans can I have at one time?

Credit24 customers may have only one active loan at any given time. As soon as your existing Credit24 loan is paid out, you are eligible to re-apply on the Credit24 website using the login section.


You have the option to pay out your loan early with no early repayment penalty or charges. Once the funds are received, you are eligible to apply for another Credit24 loan straight away.


If you wish to finalise you Credit24 loan, please contact our customer service team on 1800 091 967 or email us at