The total cost
Add up fees, interest and charges so you know the real figure before you accept.
A modest figure
Small loans for a single, clear cost
Apply online from $500 when the amount you need is modest. Check the total cost of any offer, not only the size of the loan.
A smaller amount can be the right size for a single bill or a modest repair. Koala Loans applications may be considered from $500, up to $10,000 if a larger figure is what you actually need.
Small does not always mean cheap. Fees and interest can still add up on a short term, so the total cost deserves the same attention you would give a larger loan.
Use the slider below to try a figure that matches the cost in front of you, rather than rounding up “just in case”.
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 is the smallest amount I can apply for?
Applications may be considered from $500. The amount of any offer depends on the credit provider’s assessment.
Are smaller loans always lower cost?
Not necessarily. Fees and interest still apply. Read the total cost and the repayment amount before you accept an offer.
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.
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.