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We regret to inform you that DollarsDirect will no longer be operating as of December 31st, 2016.
We genuinely thank you for being a valued DollarsDirect customer over the years.

What is a Loan Refinance?

Sometimes, customers find themselves short on cash when their final loan payment is due. DollarsDirect allows you to apply for a refinance of your final loan payment.

Benefits of refinancing include:

  • Your new loan pays off the balance of your current loan's final payment.
  • You wont need to make any payment on your current loan's final due date.
  • You may borrow additional cash up to $2025 less your current loan balance.
  • You will receive any additional cash requested (above the amount of your current loan's last payment) the day after your final payment due date.
  • No more than 3 refinances are available. After the third refinanced loan, you must pay off the balance in full.

How Does it work?

Refinance Eligibility:

  1. Must have a current loan that is not past due or in default
  2. Must have paid off all loan payments except for your final loan payment
  3. Must apply at least 3 business days before your final payment due date

How much does it cost?

The costs of refinancing a loan are the same as the costs of your original loan. No hidden fees!

Establishment Fee:    $400
Interest Rate:    48% p.a.

three easy steps
  1. When you are eligible to refinance your loan, you will receive a notification on your account homepage. Simply click on the "Refinance My Loan" button.image one
  2. Choose How Much You want To Borrow and Your Repayment Plan image twoDon't forget to confirm your future pay dates, answer the loan use questions and enter coupon codes (optional).
  3. Review Your Loan Terms and Sign Your Contract
    • Carefully review all the details of your new loan. The total amount of the loan, fees and interest are clearly shown at the top of the page.
    • Pay attention to the future payment amounts and due dates.
    • If you are taking out cash in addition to your current loan payment, you will see the amount you will receive listed next to the "Additional Amount Drawn" line
    image three

[1]Approval subject to DollarsDirect's lending criteria. Approved customers will have a credit limit of $2,425, which includes a $400 establishment fee. Customers who use a discount or promo code will have the establishment fee (and credit limit) reduced by the amount of the discount. In all cases, the amount available to you to draw will be $2,025. [2]Most customers who bank with ANZ, Commonwealth, NAB, St. George or Westpac, and are approved by 2:30pm Sydney time Monday – Friday (excluding holidays), will be funded the same business day. All other approved applications will be funded the next business day. [3]DollarsDirect will consider your loan application regardless of your credit history. If you have defaulted on past transactions, you may be declined for a loan. [4]Some customers may only have one repayment option. [5] Most customers will not have to draw the entire amount available to them initially. However, some customers will be required to draw the entire amount on the date of initial funding. [6]Loan terms vary based upon your application information and your pay frequency. [7]You may cancel your loan within 24 business hours of initial funding by calling us at 1 800 060 892 and we will only debit your account for the principal amount we deposited. There will be no additional charges or fees. 24-hour cancellation option does not apply to refinanced loans. [8]Loan must be in good standing and adjustment requested at least 2 business days before the current due date.