The total cost
Add up fees, interest and charges so you know the real figure before you accept.
Online loan applications
Start with the number that would actually help.
Explore an application from $500 to $10,000, at a time that suits you.
Pick a reason, or keep it open
These are the bumps people often come to Koala with. Choose one to shape your application.
$500–$10,000Loan range that may be considered
Online formSubmit it when it suits you
Assessment appliesA credit provider makes the decision
Weigh any offer like this
Side by side, these are the figures worth reading twice.
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.
What happens after you apply
Share your details
Submit the online form with the amount you have in mind.
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.
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
A few 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.