Rating based on 41 reviews

OK Money

  • Short-term loans up to $2,000
  • Low-interest starting from 48%
  • Repayment up to 12 months

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OK Money homepage
Author OK Money. Screenshot of OK Money website.
[Accessed May 2, 2023]

OK Money - Their loans will suit your pocket

OK Money has been granting loans for over 16 years and has assisted more than 95,000 people.

They offer tailor-made loans to suit your pocket. They offer short-term financing that is hassle-free. It’s easy to apply and the funds will be paid directly into your bank account if your loan is approved.

They believe in your security

Their loans are offered through their website online, they know that some people are reluctant to share their personal details online as they are nervous that they might be hacked or stolen.

To put your fears at ease they use the latest technology to ensure that your personal information remains as safe as possible they use a secure banking link and ID authentication process.

To safeguard against fraud, they need you to supply 100 points of certified ID then they confirm your current financial status and make sure that you will be able to pay back the loan.

Flexible repayment terms

When applying for a loan you will be able to choose between their easy to manage repayment terms they will help you set up a payment schedule that is flexible and easy to manage.

Their knowledgeable staff is there to answer any questions that you may have and the follow up is done by a real person who means that you won’t get frustrated by voicemail operators and recorded messages.

Their mission

At Ok Money they want their customers to be happy and satisfied so that they return.  Their mission is to become the lender that Australians turn to in their time of need and offer flexible personal loan solutions to their clients.

They aim to provide excellent customer service and have a positive impact on the community.

Unsecured loans up to $2,000

They offer unsecured small payday loans ranging from $300 to $2000, you can choose to pay weekly, fortnightly or monthly and you can choose the amount that you will be able to pay back.

These loans are unsecured loans that mean that you don’t need to put up collateral in order to secure your loan. Their short-term loans can be repaid between 4 – 12 weeks or as long as 1 year. 

How do you apply?

  • Use the secure banking link on their website to upload a copy of your bank statement. They will then identify you using the ID Matrix service.
  • Fill in the application form and they will review your quick loan application.
  • Once you have been approved, they will pay the money directly into your bank account.

What do you need to apply?

  • 100 points of ID that must be current. They can verify your ID using the ID Matrix service
  • 2 months/ 90-day bank statement or link your account with their secure banking link or print out a statement in a store.
  • Proof of income/ current Centrelink income statement or pay slips/ invoice book
  • Proof of residences such as a phone bill, electricity bill, registration bill or lease agreement.
  • Current long or short-term loan details from other lenders to assess affordability.
  • Urgent repair loans
  • Vet loans

Loans for you

If you are currently unemployed, they might still be able to assist you with a loan your repayment terms will be calculated as per your affordability and all loans are tailor-made to suit your individual requirements. Their minimum loan term is 16 days while their longest term is 1 year for unsecured loans and 2 years for secured loans.

OK Money – Short-term loan

  • Loan Type Short-term loans
  • Interest Rate from 48%
  • Loan Amount up to $2,000
  • Repayment 1 month to 12 months

Benefits of OK Money

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

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.

OK Money - They have great deals on loans

Ok money is a responsible lender and although they try to grant you a loan they will only do so if it is in your best interest. Your loan application can be declined if:

  • If you won’t be able to pay back the money and you cannot afford the loan
  • You already have a loan and you are behind in payments
  • If you have previous defaults on your credit file and a bad credit rating
  • If you are seen as a very high-risk client

If your bad credit loan application has been declined, they will let you know the reason why and give you advice on other options that could be available to you or help you get in touch with a debt counsellor.   

Customer service

They aim to provide you with the best customer service and take your individual needs into account when you apply for a short-term loan with them. Their staff is there to make the process as easy as possible and to answer any questions that might arise. You will be treated with dignity and respect and dealt with in a positive professional manner.

If you are unhappy for any reason please contact them at customercare@okmoney.co.au to complain. They treat all their complaints very seriously and try to rectify the situation and make it up to you. Please allow 2 business days for them to investigate the matter and come up with a suitable emergency loan solution that will benefit both parties. 

Contact them

If you have any questions or you would like to speak to one of their consultants please fill in their call back time form.

They don’t want you to wait around for their call or use up all your airtime while waiting for answers so book a call time and they will call you back at a time that is convenient for you. Alternatively, you can email them at enquries@okmoney.com.au or simply apply online via their website.  

Customer Reviews & Testimonials

I did not think lenders do consider unemployed people. Thank you OK for trusting me.

Alex C
— Gold Coast —

The staff was very knowledgeable. Thank you for the trained and efficient staff.

Joshua C
— Townsville —

I was able to buy myself a house through OK Money loan. I really appreciate your financial assistance.

Liam E
— Wollongong —

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