Applying with Credit24

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 You’ll only pay the interest (24% – 48% per annum) on the money you have withdrawn down from your Line of Credit.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 The funds can be withdrawn very easily and can be used for whatever purpose you need it to serve.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 You’ll only pay interest for the balance you’ve withdrawn.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.


How can I provide 100 points of identification?

In order to confirm your identification, we require you submit 100 points of ID. Please note:

1.Certified copies only of documents should be provided to satisfy the 100 point check. Do not provide original documents.

2.Identification must be current and should include at least one type of photographic ID and identification that contains a signature and date of birth.

3.Documents supplied must equal or exceed 100 points.

Primary documents – Only one of the following may be claimed (70 points)

  • Birth certificate
  • Birth card issued by a Registry of Births, Deaths and Marriages
  • Citizenship certificate
  • Current passport
  • Expired passport which has not been cancelled and was current within the preceding 2 years

 Secondary documents – Must have a photograph and a name (40 Points)

  • Driver licence issued by an Australian State or Territory
  • Licence or permit issued under a law of the Commonwealth, a State or Territory government – (e.g. a boat licence)
  • Identification card issued to a public employee
  • Identification card issued by the Commonwealth, a State or Territory government as evidence of the person’s entitlement to a financial benefit
  • An identification card issued to a student at a tertiary education institution

 Other documents – Must have name and address (35 Points)

  • A document held by the cash dealer giving security over the signatory’s property
  • A mortgage or other instrument of security held by another financial body
  • A document held by a cash dealer giving security over your property
  • A mortgage or other instrument of security held by a financial body
  • Local government (council) land tax or rates notice
  • Document from your current employer or previous employer within the last 2 years
  • Land Titles Office record
  • Document from the Credit Reference Association of Australia

 Other Documents – Must have name (25 Points)

  • Medicare card (signature not required on Medicare card)
  • Marriage certificate (applicable for maiden names only)
  • Credit card or EFTPOS card
  • Foreign driver licence
  • Membership to a registered club
  • NRMA membership
  • Electoral roll compiled by the Australian Electoral Commission and available for public scrutiny
  • Records of a public utility – phone, water, gas or electricity bill
  • Records of a financial institution
  • A record held under a law other than a law relating to land titles
  • Lease/rent agreement
  • Rent receipt from a licensed real estate agent
  • Record of a primary, secondary or tertiary educational institution attended by the applicant within the last 10 years

Record of professional or trade association of which the applicant is a member

Can I refinance existing loans with Credit24?

If you are using any part of a Credit24 loan to pay off existing loan(s)/debts (including combining these into a single loan), it is important to read the Debt Consolidation Considerations section in our Credit Guide.

Alternatively, you can speak to our team who will be happy to explore your options:

Phone: 1800 091 967

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
How can I send my 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.

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, you should be approved within the next 24 hours. If your loan is approved before 3pm during weekday business hours, you could receive the funds in as little as an hour depending on the financial institution you bank with. Loans approved after this time should transfer the next working day.
NB: If you bank with either ANZ, Westpac, Commonwealth or NAB, payments will be processed within a few hours. Other banks may take up to the next business day.

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 check my credit file?

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. We may ask for your latest Notice of Assessment (NOA) to validate your previous years’ annual income.

Can I apply for a Credit24 loan on Centrelink benefits or if I am unemployed?

Your Centrelink payments are classed as part of your income if it is not 50% or more of your total income and will be considered, along with other factors, during your Credit24 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 60 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 60 years old and your sole income is Centrelink or if you are unemployed.

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.

Can I apply for a loan?

To be eligible for a Credit24 loan you must:

  • Be a Permanent Resident
  • Be aged 18 years or over
  • Be employed and be paid into your bank account
  • Have a reasonable credit history
  • Earn at least $600 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 through our secure bank data portal Illion.

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 payments team. Our payments team can help you avoid any late fees. You can call us on 1800 954 481 so they can help you to sort this out. Late payments can incur a $10 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 you limit the repayment will change to reflect your new repayment amount. This is displayed in your self-serve as you request how much you would like to draw, 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 954 481 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:

  1. Your pay frequency (weekly, fortnightly or monthly)
  2. 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 954 481.

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 Tru Blu Collections Services Pty Ltd ( Australian Credit Licence 438189 ) (Tru Blu).

Can I request changes to my payment plan?

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


Customer Care

Our friendly customer service team is available Monday to Friday from 8am to 10pm (AEST) and from 9am to 5pm on weekends.

Phone: 1800 091 967


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 091 976. 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