The total cost
Add up fees, interest and charges so you know the real figure before you accept.
Shorter terms, carefully
A quicker cash loan still needs a close look
Apply online for $500 to $10,000 and compare the term, the repayments and the total cost of any offer you receive.
A smaller, shorter loan can feel simpler than spreading a cost over many months. It can also concentrate the repayments. That trade-off is worth a careful look before you accept anything.
Koala Loans lets you apply online for amounts from $500 to $10,000. A credit provider then assesses the application and, if they make an offer, sets the term and the repayment dates.
Use the slider on this page to try a figure, then read the comparison points below. The total cost matters as much as the first instalment.
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
What amounts can I apply for?
Applications may be considered from $500 to $10,000. The amount and term of any offer depend on the credit provider’s assessment.
Is a shorter term always better?
Not always. A shorter term can raise the size of each repayment. Compare the total cost and the weekly figure before you accept.
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.