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Credit24 review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Credit24 suits eligible Australian borrowers who need a fixed-rate personal or payday loan and value a quick payout. Borrowing from AUD 500 to AUD 10,000 is available over terms of 6 to 36, but the APR of 24% to 47.9% makes the total cost the main trade-off.

Key facts

Best for
Eligible Australian borrowers wanting a fixed-rate loan with fast payout and free early repayment.
APR
24% to 47.9%↗
Loan amount
A$500 to A$10,000↗
Term
6 to 36 months↗
Arrangement fee
Small Loans $500-$2,000: 20% of loan amount; Medium Loans $2,001-$5,000: AUD 400; Large Loans $5,100-$10,000 and Line of Credit: 0↗
Credit check
Hard↗
Funding time
Paid out in 60 seconds to Osko participating banks; up to 24 hours if bank does not support Osko↗
Representative example
Unsecured $10,000 loan over 3 years, comparison rate 24.00% to 47.90% p.a. (Large Loans $5,100-$10,000)↗
Rate type
Fixed↗
Lender type
Direct lender↗
Free early repayment
Yes↗
Eligibility
18 years or older; Australian citizen, Australian permanent resident, New Zealand citizen or eligible temporary visa holder (student visa holders not eligible); employed full-time, part-time, casual or self-employed; income over AUD 500 per month; reasonable credit history↗
Origination fee (%)
0% to 20%↗
Loan types
Personal, Payday, Credit-line, Cash-advance, Debt-consolidation↗
Credit needed
Fair↗
Use cases
Home-improvement↗
Legal entity
IPF Digital Australia Pty Ltd (ACN 130 894 405)↗
Headquarters
Australia↗
Founded
2012↗
Support channels
Phone, Email, Chat, Help-centre↗
Pricing model
Fixed rate
Features
Same-day funding, Credit line
Official website
credit24.com.au

Facts checked September 26, 2026, 4 sources

Pros and cons

Pros

  • Loans range from AUD 500 to AUD 10,000 with fixed rates and terms of 6 to 36.
  • Large Loans and the Line of Credit have no arrangement fee.
  • Funding can be paid in seconds to Osko participating banks.
  • Early repayment is free.

Cons

  • Small Loans charge a percentage-based arrangement fee, while Medium Loans charge a fixed fee.
  • APR starts at 24% to 47.9%, which is costly for longer borrowing.
  • Applications use a hard credit check, which can affect credit records.
Credit24

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Scored 9.1 / 10 by SumCue.

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Who it suits

  • Australian residents with an eligible visa status who are working or self-employed.
  • Adults with a reasonable credit history and income above the stated monthly threshold.
  • Borrowers seeking personal, payday, cash advance, credit line or debt consolidation options.

Who should look elsewhere

  • Cashspace may suit applicants focused on its separate APR of PHP 12 to PHP 36 offer.
  • Creduma ES may suit applicants seeking a loan amount of from €12,000.
  • Sofkredit may suit applicants focused on its APR of 10.74% to 18.06% offer.

How Credit24 compares

Where Credit24 is available

Available
Australia
Licence in Australia
Australian Securities and Investments Commission (ASIC) (422839), checked September 26, 2026
Licence in Australia
Australian Prudential Regulation Authority (APRA), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What types of loans does Credit24 offer?+

Credit24 offers personal and payday loans, a credit line, cash advances and debt consolidation. Its model is fixed rate, with loans available from AUD 500 to AUD 10,000 and terms of 6 to 36.

How are Credit24 arrangement fees structured?+

The Small Loans arrangement fee is a percentage of the loan amount, while Medium Loans carry a fixed charge. Large Loans and the Line of Credit carry no arrangement fee, making the chosen account type especially important.

Who is the legal lender?+

Credit24 operates as a direct lender. Its Australian licence is recorded as 422839, allowing borrowers to assess the named provider before applying.

How quickly can Credit24 release funds?+

Funding is paid in seconds to Osko participating banks. Banks without Osko support may take up to a day, so the payout time depends on the receiving institution.

Who is eligible for a Credit24 loan?+

Applicants need an adult age, an accepted residency status, employment or self-employment, sufficient income and a reasonable credit history. Student visa holders are not eligible, and the lending credit requirement is described as fair.

Will applying affect my credit record?+

Credit24 uses a hard credit check, so an application may affect the applicant’s credit record. The stated credit requirement is fair, while eligibility also calls for a reasonable credit history.

Can I repay a Credit24 loan early?+

Early repayment is free, giving borrowers flexibility if they settle the fixed-rate loan sooner than planned. The stated term range is 6 to 36.

How can I contact Credit24?+

Support is available by phone, email, chat and through a help centre. These channels cover phone, email and chat and can be used for questions about the application, loan or payout.

Sources

  • credit24.com.au checked September 26, 2026

    Backs: APR, Features, Funding time, Headquarters, Legal entity, Representative example, Use cases

    “For large loans between $5,100 to $10,000, the APR is between 24% (minimum) - 47.9% (maximum)”

  • credit24.com.au/faq checked September 26, 2026

    Backs: Credit check, Credit needed, Eligibility, Free early repayment, Lender type, Support channels, Term, Licences

    “Yes, we conduct a credit check on all applications, which will appear as an enquiry on your credit file”

  • credit24.com.au/personal-loans checked September 26, 2026

    Backs: Loan amount, Loan types, Pricing model, Arrangement fee, Origination fee (%), Rate type

    “Loans from $500 to $10,000 - what's right for your situation for the big and small things in life”

  • credit24.com.au/why-choose-us checked September 26, 2026

    Backs: Founded

    “Launched in Australia in 2012, IPF Digital Australia Pty Ltd is a part of International Personal Finance plc”

Compiled from 4 source pages, checked September 26, 2026. We did not open an account.

Credit24

Credit24

Eligible Australian borrowers wanting a fixed-rate loan with fast payout and free early repayment.

9.1/10See alternatives