Rating based on 61 reviews

OK Money

  • Short-term loans up to $2,000
  • Low-interest starting from 48%
  • Repayment up to 11 months

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OK Money homepage
Author OK Money. Screenshot of OK Money website.
[Accessed March 23, 2023]

About OK Money

OK Money is one of Australia's most advanced, innovative and efficient short-term loan providers.

We offer loans to people with poor credit, to people who are unemployed and even those who are on benefits.

Fill in the gap

OK Money provides quick loans to customers when they have encountered a shortage of cash and need to take care of a bill or make some sort of purchase. We do not charge any interest on our loans but rather, charge you 20% of the capital loan amount.

Transparent fees and charges

When it comes to our fees we are 100% open with you, or the customer before you even make a personal loan application. You can view our complete list of fees on our fees page which is available on our website. Why should you have to guess what a loan will cost you? 

OK Money Services

At OK Money we offer the most flexible, affordable and transparent short-term loans.

We range from the smallest payday cash loans to the larger medium-sized loans for people who need a little more.

Do you have bad credit?

Bad credit is usually seen as the end of the world since banks and most large online lenders won't approve you for a personal loan if your credit score is low. At OK Money we will ignore your credit history and look at your income and expenses to determine if we can lend you money.

Online and in-branch application

We are primarily an online lender who offer quick loans online but, we also have a range of branches across Australia that serves those customers who prefer to talk to a person when applying for a loan. Whether you make an online loan application or come in and see us we will help you get your loan credited easily and quickly. 

OK Money – Short-term loan

  • Loan Type Short-term loans
  • Interest Rate from 48%
  • Loan Amount up to $2,000
  • Repayment 3 months to 11 months

Benefits of OK Money

  • Apply for a short-term loan online
  • You can apply with any credit score
  • Our loan features are flexible and transparent

Short-term loan calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This short-term loan calculator is for illustration purposes only.
The use of this loan calculator is subject to our terms of use.

How to Apply for a Loan at OK Money

OK Money is a unique AU lender that has built strong relationships with our customers over the years - we don’t believe that lenders should treat their customers as mere numbers and that is why we always add a personal touch to each application, loan and query.  

Innovation and technology

Since the majority of our loan transactions and application happen over the internet we know that innovation and technology is a critical part of what keeps us competitive. We offer 100% online instant loan applications that our customers can access 24 hours a day, 7 days a week from their own homes. Our website is secured with the latest technology in online security and your application will remain 100% confidential.

Simple online application

Why waste time completing a loan application form that doesn’t make sense? Why waste time making a loan application online when a lender will later contact you and ask you to scan or email your bank statements or payslips? At OK Money we know what we're doing and will not waste your time. If you apply online we will gather everything we need to process your application and credit your loan - we will even ask you to upload your bank statements right then and there - while you're busy making your initial application.

Loans on offer:

  • Short-term loans
  • Medium-term cash loans
  • Check cash loans
  • Business loans
  • Settlement loans

What can I do with a loan?

What you do with your short-term loan is entirely up to you. You can pay for medical or veterinarian bills, go shopping for new clothes, change you old car tires, take a small holiday, buy appliances or a new phone and just about anything else you can think of. At OK Money we're all about variety and flexibility and can structure a loan package that meets your needs while also remaining very affordable.

How long will it take?

Taking out a personal loan is simple with OK Money and will only take you about an hour - from start to finish - if you are a new customer. If you are an existing customer you can get a loan in just 30 minutes by logging in to your account and making a quick loan request. Before going through with an application please make use of our online loan calculators to work out exactly how much it will cost you to take out a particular loan amount. 

Customer Reviews & Testimonials

April 2019

OK Money is an innovative and efficient lender. They have a highly simplified application process making borrowing online more pleasant and faster.

Rachel W
— Wellington —

February 2019

With a list of fees on their website, making an informed decision with OK Money is really easy. They have nothing to hide and you can find the perfect loan to suit your budget.

Samantha J
— Darwin —

December 2018

Even though I have bad credit I was still able to get a loan. Many people are ashamed or too afraid of being rejected, OK Money has a high acceptance rate and will definitely consider your applic...

Tracy F
— Katherine —

OK Money Contact

Physical Address

Postal Address

  • PO Box 4353, Elanora, 4221

Opening Hours

  • Monday 09:00 – 17:00
  • Tuesday 09:00 – 17:00
  • Wednesday 09:00 – 17:00
  • Thursday 09:00 – 17:00
  • Friday 09:00 – 17:00
  • Saturday – Closed
  • Sunday – Closed