The total cost
Add up fees, interest and charges so you know the real figure before you accept.
When something breaks
Emergency cash loans, considered carefully
Apply online from $500 to $10,000 after an unexpected cost. Assessment takes time, and a new loan is not always the first step to take.
An emergency — a medical bill, a broken car, a sudden travel cost — can leave a hole in the week. An application through Koala Loans is one way to ask a credit provider to consider help with that hole.
It is not the only way, and it is not always the kindest one. If the pressure is already heavy, hardship help from existing creditors or the guidance on moneysmart.gov.au may be a better first step.
If you do apply, amounts from $500 to $10,000 may be considered. Times vary, and any offer needs a clear-eyed read of the repayments.
Start with the amount
Move the slider, pick a reason if you have one, then open the form.
Weigh any offer like this
The repayments
Check they fit the rest of your week, not only the first instalment.
The term
A longer term can ease the payment and raise the total. Read both.
Who can apply
We only accept Australian residents as applicants. You may also need to:
- Be 18 years of age or older
- Have a regular source of income
- Have an active Australian bank account
- Have a valid email address and mobile number
Questions on this topic
Is this for genuine emergencies only?
People apply for a range of costs, including unexpected bills. Say what the amount is for, and consider whether a new repayment would help or add pressure.
What if I am already in hardship?
Speak to existing creditors and ask about hardship assistance. Independent information is published on moneysmart.gov.au.
How much can I apply for?
Applications may be considered for amounts from $500 to $10,000. The amount, costs and repayment terms of any offer depend on the credit provider’s assessment.
How long does it take?
Application and review times vary. If more information is needed, you may be contacted by email or SMS.