IMPORTANT INFORMATION
Target Market Determination
Credit provider: Needy Loans Pty Ltd · ACN 676 095 846 · Australian Credit Licence 558796 · Last reviewed 2 September 2026
Purpose
This determination describes the consumers for whom the lender’s Small Amount Credit Contracts (SACC) and Medium Amount Credit Contracts (MACC) are designed, the conditions on distribution, and when the lender reviews the products.
Small amount loans
The SACC product covers $500 to $2,000, with terms from 5 weeks to 12 months. It is intended for people seeking a short term personal loan who have regular income and can afford the scheduled repayments. The lender’s published product charges are an establishment fee of 20% of the amount borrowed and a monthly fee of 4% of that amount.
Medium amount loans
The MACC product covers $2,001 to $5,000, with terms from 9 weeks to 24 months. It is designed for a personal borrowing need where the customer can meet fixed repayments. The lender’s determination describes a $400 establishment fee and interest; see the fees and charges page and your offer for current pricing.
Who is outside the target market
Applicants must be 18 or older, have an Australian bank account, stable income and capacity to repay. These loans are not for business use or people whose repayments would cause financial hardship. A visa does not by itself establish eligibility; the lender assesses visa type, status, conditions and financial circumstances.
Distribution and review
The lender distributes its products online and through its customer support team. It does not use third party agents. Applications are assessed against the target market and lending criteria. Complaints, defaults, hardship trends or regulatory changes may prompt review; the regular review interval is at least every 12 months.
Questions
For the determination or eligibility questions, contact hello@needyloans.com.au. An application remains subject to the lender’s individual assessment.
These pages explain the published information in the Visa Money context. The credit provider’s application disclosures and your individual loan contract set out the terms applicable to an offer. For questions, contact hello@needyloans.com.au.
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