Credit24 review

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

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Our verdict

Credit24 is a direct Australian lender for borrowers with a fair credit history who need a fixed-rate personal loan, a credit line or a consolidation loan quickly. Its rate band of 24% to 47.9% is the trade-off, against origination fees of 0% to 20% that fall away on the largest band.

Key facts

Best for
Australians with a fair credit history who want same-day money and can reach the fee-free large loan band.
APR
24% to 47.9% (Source, checked September 26, 2026)
Loan amount
A$500 to A$10,000 (Source, checked September 26, 2026)
Term
6 to 36 months (Source, checked September 26, 2026)
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 (Source, checked September 26, 2026)
Credit check
Hard (Source, checked September 26, 2026)
Funding time
Paid out in 60 seconds to Osko participating banks; up to 24 hours if bank does not support Osko (Source, checked September 26, 2026)
Representative example
Unsecured $10,000 loan over 3 years, comparison rate 24.00% to 47.90% p.a. (Large Loans $5,100-$10,000) (Source, checked September 26, 2026)
Rate type
Fixed (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Free early repayment
Yes (Source, checked September 26, 2026)
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 (Source, checked September 26, 2026)
Origination fee (%)
0% to 20% (Source, checked September 26, 2026)
Loan types
Personal, Payday, Credit-line, Cash-advance, Debt-consolidation (Source, checked September 26, 2026)
Credit needed
Fair (Source, checked September 26, 2026)
Use cases
Home-improvement (Source, checked September 26, 2026)
Legal entity
IPF Digital Australia Pty Ltd (ACN 130 894 405) (Source, checked September 26, 2026)
Headquarters
Australia (Source, checked September 26, 2026)
Founded
2012 (Source, checked September 26, 2026)
Support channels
Phone, Email, Chat, Help-centre (Source, checked September 26, 2026)
Pricing model
Fixed rate
Features
Same-day funding, Credit line
Official website
credit24.com.au

Pros and cons

Pros

  • The arrangement fee is waived on large loans and the line of credit, so the top of the AUD 500 to AUD 10,000 range is the cheapest to set up.
  • Free early repayment, so clearing the balance before the end adds nothing to the cost.
  • Fast payout: within a minute to Osko participating banks, and within a day when the receiving bank is not on Osko.
  • Support runs on phone, email and chat before and after a loan is taken out.

Cons

  • Interest rates of 24% to 47.9% sit well above the site median of 12%.
  • Applications run a hard credit check (hard) and the stated bar is only a fair credit history (fair).
  • Small and medium loans still pay an origination fee of 0% to 20%, charged as a percentage of the amount on the smallest band.
Credit24

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Scored 9.0 / 10 by BorrowCue.

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Who it suits

  • Australians with a fair credit history who want a personal loan, credit line or consolidation loan (personal, payday and credit line) with same-day funding (same day funding and credit line).
  • Borrowers who can push the balance into the largest band or the credit line, where the arrangement fee is waived, and who value free early repayment.
  • Self-employed or casual workers with steady income, borrowing inside the AUD 500 to AUD 10,000 range, who want fixed-rate certainty.

Who should look elsewhere

  • Anyone shopping on rate alone: the band runs to 24% to 47.9%, and Monzo Flex prices at 10% to 23%.
  • Borrowers who want a soft prequalification step: applications here run a hard credit check (hard).
  • Applicants carrying a poor credit file: the stated requirement is a fair credit history (fair).

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 rate does Credit24 charge?+

Interest rates run 24% to 47.9% on the personal loan, well above the site median of 12%. Pricing is fixed for the life of the loan, and the representative example published is an unsecured loan sitting at the top of that band. Terms run 6 to 36.

Is there an arrangement fee?+

It depends on the band. Small loans are charged a percentage of the amount, medium loans a flat charge, and large loans and the line of credit carry none. Origination fees across the range run 0% to 20%, which is why the fee matters less at the top end of the AUD 500 to AUD 10,000 scale.

Is Credit24 regulated in Australia?+

The lending entity IPF Digital Australia Pty Ltd (ACN 130 894 405) holds an Australian Securities and Investments Commission (ASIC) licence, 422839. It lends as a direct lender in Australia rather than brokering to someone else, and has been operating since 2012.

What credit check will I need?+

A hard credit check runs on the file (hard), so the decision rests on your full credit history rather than a soft search. The stated bar is fair credit (fair), together with a reasonable credit history and a regular income.

Who can apply for a Credit24 loan?+

Applicants must be adults who are Australian citizens, Australian permanent residents, New Zealand citizens or holders of an eligible temporary visa; student visa holders are not eligible. Full-time, part-time, casual and self-employed work all count, and a minimum monthly income applies. Amounts available run AUD 500 to AUD 10,000.

How fast is the money?+

Funding is quick: money is paid out within a minute to Osko participating banks, and within a day when the receiving bank does not support Osko. The listed features are same day funding and credit line, so a credit line is available alongside the loans.

Can I repay the loan early?+

Free early repayment is offered, so settling the balance before the end of the term costs nothing extra. Rates stay fixed and terms run 6 to 36, which means paying down sooner cuts the total interest rather than triggering a charge.

Are the loans secured against my home?+

The loans are unsecured, which sits behind the wide rate band of 24% to 47.9% compared with a secured rate, and pricing is fixed rather than variable. Home improvement is the use case listed for the money, and debt consolidation is among the loan types available.

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

Australians with a fair credit history who want same-day money and can reach the fee-free large loan band.

9.0/10See alternatives

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