247 Loans is 100% free for consumers. Lenders in our network are regulated under the National Credit Act and must disclose all rates and fees upfront before you sign anything.
247 Loans is a free loan-matching service. We do not charge consumers any application fees, subscription fees, or broker fees. Our business model is simple: lenders in our network pay us a commission when they are matched with an applicant. That cost is borne entirely by the lender — never by you.
247 Loans does not set interest rates — each accredited lender in our panel sets their own rates, within the limits regulated by the National Credit Act (NCA). The rate you are offered will depend on:
Typical lender charges include a once-off initiation fee and a monthly service fee, both capped by the NCA. All costs must be disclosed to you in full, in plain language, before you sign any credit agreement.
The following example illustrates the total cost of a typical loan through our network. Your actual offer may differ based on your profile and the lender’s criteria.
Always compare offers carefully. You are never obligated to accept a lender’s offer. Under the NCA, you have the right to receive a pre-agreement statement and a quotation that is valid for 5 business days.
Apply free in 5 minutes — no documents needed, no credit check to apply.