Why choose a Credit24 Line of Credit?

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Virtual credit account.

Credit limit from $500 to $10,000.

Putting money into the safe

No account fees.

$0 set up, $0 account keeping and $0 withdrawal fees.

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Pay for what you use.

Interest charged monthly and only on the amount owing.

Convenient repayment.

Up to 36 months. Pay off faster and save on interest.

As a valued customer, get a $50 eGift Card.

Apply today and if approved, your Line of Credit is there as a financial safety net. Meaning, you don’t need to go through the stress of applying for a loan when you’re in a cash crisis. Simply log into your Self Service and make a draw.

And for a limited time, as a valued customer, take out a Line of Credit and we’ll give you a $50 eGift card*.

Start Application

How much does it cost?

  • Loan Amounts$500-$10,000
  • Establishment Fee$0
  • Monthly Service Fee$0
  • Interest24-48% p.a
  • Withdrawal Fee$0
  • Maximum repayment period36 mth

Frequently Asked Questions

What is a Line of Credit?

A Line of Credit is a flexible online loan with a credit limit - withdraw from the account when you need money. Apply once and access anytime.

How much can I borrow in a Line of Credit?

From $500, up to $10,000. When you apply, you will be given an account limit - choose to use all in one go or as little as you need.

How much does a Line of Credit cost?

There are no fees to apply for an online Line of Credit, to keep it open or to access the money. Just a monthly interest rate 2-4% on the amount owing.

How to apply for a Line of Credit online?

The application takes less than 10 minutes to complete. Simply click 'Start Application' to submit an online application form. You will need to provide your mobile number, email address, either driver's license, medicare or passport details and 90 days of your bank account via online banking.

Who is eligible for a Line of Credit?

To be eligible, you'll need to 18 years or older, a permanent resident, have a stable job and an income of at least $600 per month with a reasonable credit history.

More FAQs

Terms and Conditions:

Standard product terms and conditions apply. This promotion is only available to returning customers of Credit24 who do not have a current loan with Credit24. The offer is only available to new Line of Credit contracts approved between 13 August – 30 September 2021. The $50 eGift card will be delivered as a GiftPay Flexi eGift Card and subject to the GiftPay Flexi eGift Card terms and conditions. Vouchers cannot be exchanged for cash.  Credit24 is not responsible for expired, lost or stolen GiftPay Flexi eGift Card. Eligible contracts will receive within 14 days of approval via email.