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Product Highlights

Online Lender: Champion Loans

Champion Loans Logo

  • Loans from $200 to $15,000
  • Up to 5 years

Company Brief

Champion Loans is a leading financial institution that specialises in providing flexible and accessible lending solutions to individuals and businesses across Australia. Established with the vision of empowering clients with financial freedom, the company has been a trusted partner in the lending industry for many years. With a commitment to customer satisfaction and a focus on responsible lending practices, Champion Loans has earned a reputation as a reliable and ethical lender.

Champion Loans offers a diverse range of financial products and services tailored to meet the unique needs of its customers including personal loans, business loans, vehicle loans, and cash loans between $200 to $15,000. If you’re a first-time customer and receiving a Centrelink pension, you can apply for loans up to $5,000.

Type of Loans Offered by Champion Loans

Small Loans

Champion Loans offer small loan amounts starting at $200 tup to $1,600 with loan repayment terms of 5 months to 5 years. There is a 20% establishment fee of the total loan amount for small loans.

Medium Cash Loans

Medium cash loans are unsecured, which means there is no collateral required. These loans range from $1,600 to $5,000. First time customers and those receiving a Centrelink pension can borrow a maximum of $5,000. Repayment terms are 5 months to 5 years with a maximum APR of 48% and a $400 establishment fee.

Personal Loans

Champion Loans takes pride in providing flexible and reliable personal loans to meet a wide range of individual financial needs. Whether you’re planning a family vacation, consolidating debt, covering medical expenses, or making home improvements, these loans are designed to offer the financial support you need.

Champion Loans’ loans cover amounts from $5,001 up to $15,000. The loan terms are flexible, allowing you to choose a repayment period that aligns with your budget and financial goals. The typical personal loan terms range from 5 months to 5 years, allowing borrowers to manage their repayments comfortably over time. There is a minimum APR of 13.14% and this can have a maximum of 25% depending on the loan amount.

All loan types may be subject to missed payment fees. Make sure to read the fine print or enquire with Champion Loans directly for other information about other associated loan fees such as monthly fees, default fees, or early repayment fees.

Business Loans

Champion Loans also provides business loans that are designed to meet the different financial needs of businesses. They understand that businesses frequently require access to quick and flexible funds to capitalise on opportunities, manage cash flow, engage in growth, or weather difficult times. Their business loans are customer-centric, with their team working closely with business owners to understand their particular needs and crafting bespoke lending solutions.

You can apply for a business loan of up to $15,000 as long as you use at least 51% of the funds for your company’s operations. In addition to vehicles, industrial equipment may also be used as loan security.

Note: All information included here on Friendly Finance are accurate and in line with the data provided on Champion Loans website as of November 2023.

Champion Loans Application Process

How to Apply

Applying for a loan with Champion Loans is a straightforward and convenient process. Here’s a step-by-step guide on how to apply for a loan:

  • Visit the Website: Go to the Champion Loans website at https://www.championloans.com.au/ApplyNow/FAQ-413/ to access the loan application page.
  • Choose Your Loan Type: Select the type of loan that suits your financial needs.
  • Complete the Application Form: Fill out the online application form with accurate and relevant information. The form may require details such as personal information, contact details, employment status, income details, loan amount required, loan purpose, and other financial information.
  • Submit Required Documentation: Additional documentation may be required depending on the type of loan you are applying for. Common documents may include identification (such as a driver’s license or passport), proof of income (payslips, bank statements), and any relevant business documents (for business loans). Ensure all required documents are provided to expedite the loan processing.
  • Review and Submit: Review the application form and documents to ensure all details are accurate and complete. Once you are satisfied with the information provided, apply.
  • Await Loan Processing: After applying, Champion Loans will review your information and assess your eligibility. The loan processing time may vary based on the type of loan and the complexity of your application.
  • Loan Approval and Disbursement: If your application is approved, you will receive notification from Champion Loans. The loan funds will be disbursed to your designated bank account once all necessary documentation and agreements are finalised.

Eligibility Requirements

To apply for a loan with Champion Loans, you must meet the following eligibility requirements:

  • Age: You must be aged 18 years or over at the time of the loan application.
  • Residency: You need to be a permanent resident of Australia.
  • Source of Income: You must have a regular source of income (minimum annual income of $25,000), which can either be from a Centrelink Pension or work income. If your only source of income is from Newstart, Austudy, or Youth Allowance, Champion Loans is unable to provide finance in such cases.
  • Working Phone Number: You must have a working phone number that can be used for communication during the loan application and processing.

Before applying for a loan, make sure to review the eligibility criteria thoroughly to confirm that you meet all the requirements. If you have any questions or concerns regarding eligibility or the loan application process, you can reach out to Champion Loans’ customer support for assistance.

Champion Loans also requires the following documents:

  • 90 Days Bank Statements: Provide the most recent 90 days of your bank statements. These statements will be used to assess your financial stability, income, and expenses, helping the lender determine your repayment capacity.
  • Photo ID: Submit a valid government-issued photo identification document, such as a driver’s license or passport. This serves to verify your identity and ensure compliance with legal requirements.
  • Medicare Card/Health Care Card: Provide a copy of your Medicare Card or Health Care Card. These cards may be used to confirm your eligibility for certain loan products or special considerations.
  • Proof of Income: If you are employed and receive income through a standard job, you can provide a Centrelink statement or payslip to verify your earnings. On the other hand, if you are self-employed, Champion Loans can work with you to find alternative methods of assessing your income.
  • Proof of Address: To verify your residential address, provide relevant documents such as a lease agreement, utility bill, rates notice, or rent receipt. This helps confirm your stability and helps in contact verification.

Maximum Loan Amounts

The maximum loan amount you can borrow from Champion Loans is $15,000. However, the loan amounts still depend on the individual’s eligibility and creditworthiness.

How is the money transferred?

Champion Loans will notify you whether your application has been accepted. Once all necessary papers and agreements are completed, the loan monies will be sent to your selected bank account.

The money transfer processing time might vary based on factors such as the time of day the loan is accepted and the regulations of the receiving bank. Electronic transactions are frequently done within one business day.

Need help?

If you have any more questions, you make contact Champion Loans through the following:

Phone: (07) 5452 7400

Fax: (07) 5479 2231

Email: sales@championloans.com.au

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Notable Loan Product Features

  • Accepts poor and bad credit. Champion Loans is one of the few lenders in Australia that will consider borrowers with poor or bad credit. This means that if you have had difficulty getting a loan in the past, Champion Loans may be able to help you.
  • Fast loan approvals. Champion Loans is known for its fast loan approvals. In most cases, you can get a decision on your loan application within 24 hours.
  • Straightforward application process. The application process for a loan from Champion Loans is straightforward. You can apply online or over the phone.
  • Loans up to $15,000. Champion Loans offers loans up to $15,000. This means that you can borrow enough money to cover most unexpected expenses.
  • No early payout penalty. You can repay your loan from Champion Loans early without penalty. This means that you can save money on interest if you can repay your loan sooner than the agreed term.

The Company: Champion Loans

Champion Loans Logo


  • Accepts poor and bad credit
  • Fast loan approvals
  • Straightforward application process
  • Loans up to $15,000
  • No early payout penalty
  • Good customer service


  • High-interest rates
  • Other charges
  • Not available to all borrowers

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