Koala Loans

A careful distinction

An online loan application — not a payday loan

Koala Loans is not a payday lender. You can still apply online from $500 to $10,000.

People still search for payday loans. Koala Loans is not a payday lender, and this page is not an offer of a payday product. It is a place to apply online for a loan that a credit provider may consider, in amounts from $500 to $10,000.

Payday-style borrowing is often expensive and easy to roll over. If that is the pattern you are trying to leave, a new short-term loan may not be the way out. Independent guidance lives on moneysmart.gov.au.

If you still want to apply, use the form, then read any offer slowly — the total cost, the repayments, and whether they fit the weeks after payday as well as the day itself.

Start with the amount

Move the slider, pick a reason if you have one, then open the form.

$2,000

$500$10,000

Start your application

Weigh any offer like this

The total cost

Add up fees, interest and charges so you know the real figure before you accept.

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 a payday loan?

No. Koala Loans is not a payday lender. You can apply online for a loan a credit provider may consider. Any offer is subject to their assessment.

Can I apply before payday?

You can submit the form at a time that suits you. That does not mean funds will arrive before your next payday. Times vary.

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.