Save 10% on loan fees‡ with promo code NEWCASH10Apply Now
DollarsDirect is rated 9.0 stars out of 10 by TrustPilot based on 88 reviews
In Australia, traditional payday loans (money borrowed for a short period of time, usually until the borrower’s next payday, and repaid with interest) are no longer available. Here at DollarsDirect, we offer short-term loans that give you more money, more time, and more flexibility than payday loans. Our online application is available 24/7, and same-day funding may be available2 if you are approved.
Here’s what you can expect when you borrow from DollarsDirect:
|DollarsDirect’s NEW personal loans||DollarsDirect’s old payday loans||Nimble|
|Loan Amount||$2,425 for all customers||Up to $400 for new customers
Up to $1,500 for returning customers
|Up to $800 for new customers
Up to $1,600 for returning customers
|Loan Term||65 — 100 days||Next payday||If paid weekly, 2 — 3 paydays
If paid monthly or fortnightly, 1 — 2 paydays
|Default Fee||$0||$0||$7 per day (up to 200% of loan amount)|
|DollarsDirect is not affiliated with Nimble. Information about Nimble’s product was gathered from Nimble.com.au on 21 November 2014. Please check Nimble.com.au to confirm the current accuracy of the above information.|
DollarsDirect’s loans can be repaid between 65 and 100 days,6 and our loan amounts are higher than traditional payday loans. All approved customers are able to borrow up to $2,025, which includes a credit limit of $2,4251 minus a $400 establishment fee. If you are approved, you may be able to get up to $2,025 sent to your bank account the very same day.2
One of the best things about our flexible credit product is that you can borrow more money, up to your available credit limit, before your loan is fully paid off. This can be extremely helpful if you have not yet borrowed the full $2,025 and suddenly find yourself in need of more cash. Plus, you have the extra benefit of our 24-hour satisfaction guarantee. If you change your mind about your loan, you can cancel it free of charge within one business day.
When it’s time to pay the loan back, your installment payments can be debited automatically from your bank account, so you never have to worry about missing a payment so long as you have enough money in your account on the due date.
Different lenders charge different fees for their products. When you’re looking to borrow money, it’s important to shop around for the best price for your budget, especially when it comes to short-term personal loans. You should never take on a loan you know you cannot afford to repay.
Here is some information about how we calculate fees at DollarsDirect: In addition to the $400 establishment fee, which is deducted from your credit limit, interest on your principal balance accrues at a rate of 48% per year. The earlier you pay down your principal balance, the less interest you will pay in total.
If you are an Australian resident who is at least 18 years old, you have been employed for at least a month, and you have an active bank account with direct deposit, you are eligible to apply for a personal loan at DollarsDirect. Apply for the funds you need today!
‡Promo code is only valid for the establishment fee on your initial loan and not on a refinanced loan. Promo code must be redeemed at the time of application, can be used only once and may not be combined with any other offers or preferred member benefits.
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. 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. 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. Some customers may only have one repayment option.  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. Loan terms vary based upon your application information and your pay frequency. 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. Loan must be in good standing and adjustment requested at least 2 business days before the current due date.