Share your details
Submit the online form with the amount you have in mind.
The path, in order
How a Koala Loans application works
Four clear stages, with time to think at the end.
You may be asked for more
Bank statements or other documents sometimes help the assessment.
A credit provider reviews it
They assess the application and decide whether to make an offer.
You decide
If an offer arrives, read the costs and repayments before you accept.
A little more detail
You start by telling us a little about yourself and the amount you have in mind. That happens on a single online form, which you can complete at a time that suits you.
A credit provider then reviews the application. They decide whether an offer can be made, and on what terms. You may be asked for bank statements or other documents so income and expenses can be assessed.
If an offer arrives, pause and read it. Check the total cost, the repayments and the term before you accept. Funding timeframes, if an offer is made, are set by that credit provider, not by a clock on this page.
Koala Loans is a loan-finding service, not a lender. With your consent, we may sell your application to a lender. We receive a fee only when a lender buys your application. The credit provider who reviews the application decides whether to make an offer, and on what terms.
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
Short answers
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.
Will a credit check be done?
Koala Loans does not undertake credit checks. In the event that a lender is willing to progress your loan application, they may conduct a credit check when assessing your application. Check their terms before you go ahead.
How long does it take?
Application and review times vary. If more information is needed, you may be contacted by email or SMS.
Is the application online?
Yes. You can submit the form online, at a time that suits you. A credit provider may later ask for further details or documents.
Do I have to finish the form in one sitting?
You can start the form when it suits you. If a credit provider later needs more from you, they may get in touch by email or SMS.