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How To Apply

Our online application is the convenient way to get the money you need quickly. Apply in minutes and, if approved, get up to $2,0251 deposited directly into your bank account.

What are the minimum loan application requirements?

  • Employed for at least a month
  • An active bank account with direct deposit
  • A current resident of Australia
  • At least 18 years of age

Frequently Asked Questions

Our five most popular questions.

What is DollarsDirect’s personal loan product?

DollarsDirect offers a flexible credit product that allows you to take out the cash you need up to $2,025. All approved personal loan customers will be able to borrow up to $2,025. When you take out a loan with DollarsDirect, you get to choose: 1) How much you want to take out initially5; and 2) from multiple repayment options4.

Approved customers will have a credit limit of $2,425, which includes a $400 establishment fee. The amount available to you to draw will be $2,025.

How Much Can I Withdraw?

Most customers will have the option of drawing less than the full amount available to them when they start their loan, and the option to take out multiple additional draws up to the full available amount during the redraw period. The redraw period is from the time of initial funding to the middle of your loan term. For example, if your loan term is 66 days, you may continue to take out more cash up to your available amount through the 33rd day of the loan. There is no additional charge for draws.

You may draw up to the full amount available to you; however, if you pay down a portion of your loan, you may not redraw that principal amount. Over the course of a loan term, no more than $2,025 may be drawn in total regardless of any payments.

Multiple Payment Plan Options

Depending on your application and our underwriting process, you will have the option to pick from between 1-3 repayment options with different installment payments and final payment amounts. All the details for each repayment option will be shown. Choose the one that is most suitable for your needs.

Of course, if you take additional draws, the loan repayment amounts will change. But, don’t worry; we will let you know exactly how the payments will change before you take out the amounts.

How does Yodlee service work?

Before we can move forward in the loan process, we must verify your income and expenses provided in the application. To do this, we review your bank statement. Yodlee offers a quick and easy online service that allows you to submit your bank transaction information online. Yodlee is a secure and encrypted platform that provides DollarsDirect read-only access to your bank transaction history, eliminating paperwork and saving you time.

Don’t worry – we use bank-level encryption, and your bank login details won’t be viewed, stored, or sold by DollarsDirect. For additional information, please visit www.yodlee.com

How much cash can I borrow?

Qualified customers will be able to draw up to $2,025. After you apply, DollarsDirect will assess your loan suitability and ability to repay.

Most customers do NOT need to borrow the full amount available to them5! If something comes up and you want or need to draw more, request additional cash up to $2,025 at no extra charge during the open draw period.

Your payment options are determined by the information you provide in your application.

Approved customers will have a credit limit of $2,425, which includes a $400 establishment fee. The amount available to you to draw will be $2,025.

What time will the funds be in my bank account?

The exact time of funding depends on when your bank will post direct credits to your bank account. If you expect to be funded on a certain day, but the funds have not been deposited into your bank account, please contact your bank.

If your loan is approved by 2:30pm Sydney time, Monday through Friday, you will typically receive your funds on the same day. If your loan is approved after 2:30pm Sydney time on a business-day, you will receive your funds the following business day. If you apply on a holiday or weekend and your loan is approved by 2:30pm the following business day, you will typically receive your funds on that business day. If you do not bank with one of the following: ANZ, Commonwealth Bank (CBA), National Australia Bank (NAB), St.George Bank (STG), or Westpac; it may take you an additional business day to receive your funds.

Same day funding is possible only for the initial draw made at the time of loan application. For any subsequent draws made, funding will typically occur the next business day.

If I apply for a loan on Saturday or Sunday, when will I receive the funds?

If you apply for a loan on Saturday or Sunday and the loan is approved by 2:30pm Sydney time on Monday (if Monday is not a business day, then the next business day), you will typically receive your funds on Monday (or the next business day). If you do not bank with one of the following: ANZ, Commonwealth Bank (CBA), National Australia Bank (NAB), St.George Bank (STG), or Westpac; you will typically receive your funds on Tuesday.

What are my repayment options?

DollarsDirect provides an automated, no-hassle repayment option through the use of authorized direct debiting of your bank account on the payment due date and for the scheduled loan repayment amount.

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Subject to approval of your application by 2:30 PM Sydney time

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[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.