Credit when you need it most – straight from Melbourne

Life in Melbourne can be full of surprises. One minute you’re managing your budget fine, and the next a surprise bill or emergency pops up and stretches your finances. With Wallet Wizard, getting extra funds is simple^#. We offer smart loans from $500 to $8000, with similar features to a line of credit loan to help cover those unplanned costs without the stress. Once you’re approved, your credit line remains open - you can access funds whenever your available credit meets the redraw threshold and requirements. It’s credit that adapts to your needs with a streamlined redraw credit application process.

Fast online application – no paperwork

We built the Wallet Wizard smart decisioning process to simplify the whole process. It checks your details quickly and helps determine a credit limit that suits your financial situation. If approved, the money can be transferred to your account in minutes. Funds will be put into your account within minutes, 24 hours a day, subject to your bank supporting Osko payments*. (inc. Public Holidays)

What is a credit limit?

A credit limit is the maximum amount of credit we agree to make available to you under a contract with us. The amount is based on our assessment of your situation and income. If approved, we will offer a credit limit that is right for you.

What is my available credit?

Available credit is the difference between your credit limit and your current account balance. Your current account balance is the amount owing to Wallet Wizard.

What is a redraw?

A redraw is the available credit that you can apply to access. It’s the difference between your credit limit and your current account balance. Your current account balance is the amount still left to pay.

When am I eligible for a redraw?

You become eligible to apply for a redraw when you are up to date with your repayments and;

your available credit is the lower of $500 or 25% of your credit limit.
- For example: if you have a $5000 credit limit then your available credit will need to be at least $500 to be eligible for a redraw
- For example: if you have a $1000 credit limit then your available credit will need to be at least $250 to be eligible to apply for a redraw. OR

if you have elected a minimum redraw amount during your last loan approval, when your available credit reaches the elected amount.

How can I apply for a redraw?

You can log in to the Wallet Wizard Members’ Area any time to see if you’re eligible to apply for a redraw. Once you’re eligible, simply submit a redraw application via the Members’ Area and follow the prompts. It’s super-fast and easy!^#

Can I increase my credit limit?

You can apply to increase your original credit limit, up to a maximum of $8000. Your credit limit is the maximum amount of credit we initially agreed to make available to you under your contract with us. To apply for an increase to your credit limit, simply log in to the Wallet Wizard Members’ Area anytime to see if you’re eligible. If eligible, you can apply by following the simple instructions in the Members’ Area for a fast assessment and decision. If approved, the amount offered is based on our assessment of your current situation and income.

What do I need to apply?

To apply for a Wallet Wizard line of credit in Melbourne, you’ll need to:

Be at least 18 years old
Be a resident of Australia
Have a steady income and an active bank account.

Everything’s done online.

Apply online for a Wallet Wizard smart loan, similar to a line of credit loan in Melbourne

If you want access to flexible funds without jumping through hoops, Wallet Wizard is here to help. Our smart loans give Melbourne locals quick, reliable access to cash when it matters most. Apply today and see what your Smart Loan limit could be.

Apply Now

Credit Corp Financial Services Pty Limited trading as Wallet Wizard ABN 39 146 525 706 Australian Credit Licence 400871
Osko^® is a registered trademark of BPAY Pty Ltd ABN 69 079 137 518.

The minimum loan amount is $500 with a repayment period of 6 months. The maximum loan amount is $8,000 with a maximum repayment period of 27 months.
Representative Example: Total repayments for a $2,000 loan over 13 monthly repayments is $2,736.11. (Interest cost: $736.11 & Fees: $0)
Calculations based on the Wallet Wizard Smart Loan – Continuing Credit Contract annual percentage rate, which is currently 47.8% per annum.

^*If approved your money will be in your account within minutes of contract acceptance, 24 hours a day if your bank supports Osko® payments. If your bank doesn't support Osko payments, deposit can be made in 1 hour if your contract is accepted before 2:30pm (Sydney time) on a business day. Outside of business hours, funds will be deposited the next business day.

^#Subject to eligibility approval.

Apple and the Apple Logo are trademarks of Apple Inc., registered in the U.S. and other countries.
Google Play and the Google Play logo are trademarks of Google LLC.

Member of Australian Financial Complaints Authority

Design and Distribution Obligations
As a responsible issuer and distributor of financial products, Wallet Wizard designs its products so they are likely to be consistent with the likely objectives, financial situations and needs of the consumers for whom they are intended, and takes steps to ensure that consumers are receiving products that are likely to be consistent with their likely objectives, financial situation and needs. We have prepared a Target Market Determination in accordance with the Design and Distribution Obligations under Pt 7.8A of the Corporations Act 2001. A copy may be obtained free of charge by writing to us at PO Box 4475, Sydney, NSW, 2001, emailing us at hello@walletwizard.com.au, or calling us on 1300 925 538.

We acknowledge the Traditional Custodians of the land on which we work and live and their connection to land, sea and community. We pay our respect to their Elders past and present, and extend that respect to all Aboriginal and Torres Strait Islander peoples today.