Stay in control with a flexible credit option in Perth

Living in Perth has its perks, but surprise expenses can throw your plans off track. Whether it’s a big bill, urgent repairs or just getting through a tight week, Wallet Wizard gives you access to a convenient smart loan up to $8000^# which has similar great features to a line of credit. It’s designed to be there when your regular budget can’t stretch far enough. You apply once, and if approved, you’ll be able to redraw funds as necessary through ongoing access to credit as long as you’re eligible to do so.

Quick decisions with our Smart Decisioning Process

We use our own Wallet Wizard smart decisioning process to assess applications quickly. It reviews the info you provide in real time, helping us offer a fast outcome. If approved, your money will be transferred to your bank account within minutes of contract acceptance, 24 hours a day if your bank supports Osko® payments*, so you’re ready to handle whatever’s come up.

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 Perth, you’ll need to:

Be 18 years or over
Be a resident of Australia
Have regular income and a valid bank account

The entire process is online and only takes a few minutes to complete.

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

Wallet Wizard offers a simple, fast way to access credit when you need it most. Apply online from anywhere in WA and find out how much you could be approved to borrow – with a flexible smart loan that puts you in control.

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.

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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.