Australian Competition and Consumer Commission (ACCC)
The Australian Competition and Consumer Commission (ACCC) is the national regulator for promoting competition and protecting consumer rights in Australia. The ACC
The best BNPL software in Australia
Lending can be profitable, but it is hard work. Lendsqr's BNPL software makes it easier: start, launch and grow your loan business across multiple channels and make smart decisions, all at a fraction of the cost.
Quick Integration. Set up your lending business with time-saving integration.
Automated Processing. Real-time automation to optimize your business.
Fully Customizable Choose from powerful features that work for your business.
Lending in Australia at a glance
- Regulators
- Australian Competition and Consumer Commission (ACCC), Australian Financial Complaints Authority, Australian Prudential Regulation Authority, and Reserve Bank of Australia
- Credit bureaus
- Equifax, Experian, and Illion
- Local currency
- Australia Dollar (AUD)
- Lenders listed
- 38
Regulators
Who regulates lending in Australia
Lenders in Australia answer to these bodies. Check their current licensing and reporting rules before you start lending.
Australian Financial Complaints Authority
The Australian Financial Complaints Authority (AFCA) is an independent dispute resolution body that helps consumers resolve complaints with financial institutions. It covers a wide range of financial products and services, including banking, insurance, investments, and superannuation. AFCA provides a free and accessible platform for individuals and small businesses to resolve disputes with financial firms. It aims to ensure fair outcomes for consumers while fostering trust in the financial services sector. The AFCA can issue binding decisions and has the authority to investigate complaints and work with financial providers to reach resolutions.
Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority (APRA) is responsible for overseeing Australia's financial institutions, including banks, insurance companies, and pension funds. APRA's role is to ensure the stability, safety, and soundness of the financial system by enforcing prudential standards and regulations. It works to protect the interests of depositors, policyholders, and superannuation fund members. APRA monitors and supervises institutions to ensure they meet capital adequacy requirements, and it also plays a key role in preventing systemic risks to the economy.
Reserve Bank of Australia
The Reserve Bank of Australia (RBA) is Australia's central bank, responsible for monetary policy, financial stability, and managing the country’s currency. It sets interest rates to target inflation and economic growth, ensuring that the Australian economy remains stable. The RBA also supervises the payment system, ensuring that financial markets operate efficiently and securely. It manages Australia's foreign reserves, and works with the Australian government to implement fiscal policies. The RBA plays a central role in promoting economic prosperity and employment while maintaining financial stability.
All the capabilities
you need to simplify your lending process
Our robust end-to-end loan management software enables us to offer support throughout the entire lending lifecycle.
Origination means receiving and setting up loan requests.
origination
We’ve digitized the entire loan origination process
Launch your lending business effortlessly across multiple channels including web, mobile, WhatsApp, USSD, and APIs. Our lending software solutions get your loan business up and running in as little as 30 minutes.
Channels & Distribution
Create and manage diverse loan products that cater exactly to what your customers want, all with our easy-to-use management tools.
Learn more about Channels & Distribution
Loan Product Management
Savings & Investment Management
Manage your entire lending operations all-in-one place
With Lendsqr's advanced loan management back office, you gain total control and clarity over every aspect of your loan business.
customer MANAGEMENT
The most efficient customer management tool for lenders
Easily scale to manage your growing customer base. Track your most important customer metrics such as onboarding attempts, active and inactive users, and logins.
transaction monitoring
Track real-time data on all the transactions in your business
Gain a wider overview and summary of all the transactions that happen in your loan business. View and download all settlement summary data for faster resolutions and planning.
automations
Reduce the risk of manual errors
Our back office is fully equipped with powerful automations that reduce the time it takes to complete repetitive tasks like approvals, disbursement and repayments, allowing you to spend more time on growth.
teams
Unleash efficient collaboration within your business
Simplify teamwork by inviting team members and assigning specific permissions for streamlined business management. From risk assessment to client interactions, Lendsqr makes collaboration easy, enhancing your overall lending efficiency.
reporting
Get detailed insights on your business
Our dashboard and reports provide you with extensive data on how your products and customers are doing. Monitor your top performing products, customers and other metrics, helping you channel your efforts better.
Lenders in Australia
38 lenders in Australia are listed in the Lendsqr lender directory.
Lenders by type
38lenders listed
- Bank14
- Money Lender12
- Fintech8
- SME Lender2
- Other Lender1
Typical loan size
AUD 5,000 to AUD 50,000
USD 1,750 to USD 500,000
Typical loan tenor
12 to 60 months
Shortest to longest typical term
What borrowers usually need
- Valid ID
- Proof of income
- Must be at least 18 years old
- Credit history
- Be an Australian Citizen or permanent resident
Lenders to explore
Buy now, pay later software for Australia
Lendsqr lets lenders and merchants in Australia offer buy now, pay later. Shoppers split a purchase into installments, your decision model checks each shopper, and every installment is tracked until the last one is paid.
You set the installment plans, fees and limits, and manage BNPL loans from the same back office as the rest of your lending.
Pricing in Australia
Choose the plan that suits your needs. Paid plans also have a one-off setup and licensing fee, quoted during onboarding.
Free
$0
Per month, billed monthly
Free Features:
Loans and loan Products
Decision Models
Disbursements
Customer Web App
Pro
$200
Per month, billed monthly
+ one-off setup fee, quoted during onboarding
All features in Free +
Team management
Offer letters
Approval Workflows
Web App Customizations
Business
$500
Per month, billed monthly
+ one-off setup fee, quoted during onboarding
All features in Pro +
White label mobile app (with additional cost)
Customer Groups
Referral Configurations
Savings and Investment
Adjutor API Service
Enterprise
Custom
+ one-off setup fee, quoted during onboarding
All features in Business +
External loans (Web SDK)
Custom mobile app
CBA/ERP Integrations
3rd party integrations
On-premise deployment license
WHY LENDSQR?
We've overcome every challenge to empower your success.
Having encountered nearly every issue a lender might face, we offer comprehensive solutions. By choosing Lendsqr as the backbone of your digital lending platform, you are choosing guaranteed growth and success.
Cost effective
Launch at 5% of the cost of building your own proprietary platform.
Faster time to market
Launch on the web in as little as 30 minutes, add USSD within hours, and go live with a mobile app in weeks.
Community immunity
Access to tons of data from other lenders to collaboratively block bad borrowers.
Expertise
Lendsqr talents have extensive experience with credit, data, and tech.
Lenders love Lendsqr!
Our strong capability and robust platform enable us to offer support across the entire lending lifecycle.
3.7m+ customers
Our Lending-as-a-Service platform helps lenders serve over 3.7m humans across the world.
Available in 190+ countries
We're global but also localized for every currency and locale.
Cost effective solution
Getting started with Lendsqr is very affordable. Our lenders leverage a robust infrastructure at a fraction of the cost it would take to build theirs!
30 mins average time to market
It can take as little as 30 minutes for a lender to sign up and start accepting loan requests. Yet, we also deliver customized features in record time.
Trusted by lenders world-wide
We're helping lenders across the world scale their loan business
Trusted by established lenders around the world
Enterprise and small teams rely on Lendsqr.
Lendsqr has significantly expedited our entry into the difficult but large retail lending market. Their solution not only shortened the time to market but also at a significantly reduced cost.
Abubakar Suleiman
CEO, Sterling Bank (SnapCash)
Get providers to power your lending in Australia
Need the right providers to support your lending? We’ve gathered everything from payment solutions to KYC tools, credit checks, and bank statement services all in one place. Let’s help you get started with the right partners today.
Explore now (opens in a new tab)
Providers lenders in Australia work with
Credit Bureau
Equifax
Equifax is a trusted global leader in data, analytics, and technology, providing insights that empower decision-making and drive progress. With nearly 15,000 dedicated professionals focused on putting people first, they aim to foster economically healthy individuals and communities in every market we serve. Their solutions enable businesses to make smarter, faster decisions.
Experian
Experian is a global information services company that provides data-driven solutions to help businesses manage risk, prevent fraud, and make informed lending decisions. It also empowers consumers with tools to monitor and improve their credit health.
Illion
Illion is a leading provider of data and analytics solutions in Australia. They offer services including credit risk management, decisioning software, payment technology, and marketing
Payments
2checkout
2Checkout is a leading digital commerce and payments platform that enables companies to sell products and services globally through multiple channels. It helps businesses acquire customers across diverse touchpoints, improve retention, optimize subscription billing models, and increase revenue through flexible payment solutions.
eWay
Highradius
Highradius is a leading provider of cloud-based finance and order-to-cash automation solutions, empowering businesses to accelerate cash flow, improve operational efficiency, and enhance customer experience.
Mastercard
Mastercard is a global payments technology company that connects billions of people, businesses, governments, and institutions worldwide. The company provides innovative payment solutions that enable fast, secure, and seamless transactions across multiple channels, including in-person, online, and mobile payments.
Verification
4stop
4stop is a cutting-edge identity verification and fraud prevention provider dedicated to helping businesses protect themselves from identity theft, fraud, and regulatory risk. With an emphasis on accuracy, speed, and global coverage, 4stop delivers reliable end-to-end verification solutions that streamline onboarding, reduce friction, and enhance trust.
Civic
Civic is a digital identity and authentication platform that enables individuals and businesses to securely verify identities online. Using blockchain‑enabled technology, Civic provides decentralized identity solutions that help reduce fraud, speed up onboarding, and give users control over their personal data.
ComplyCube
ComplyCube is a regulatory technology (RegTech) company that provides digital identity verification, KYC (Know Your Customer), and AML (Anti-Money Laundering) compliance solutions for businesses worldwide, including companies operating in Montenegro. The company was founded in 2020 and is headquartered in London, offering a cloud-based platform that helps organizations automate compliance and customer verification processes.
Data Zoo
Data Zoo is a global financial technology company specializing in identity verification solutions. Their services include identity data verification, business verification, and online fraud detection, enabling businesses to streamline onboarding processes, ensure compliance, and reduce fraud. With access to authoritative data sources across key global markets, Data Zoo offers real-time verification, helping businesses onboard customers efficiently while maintaining security and compliance standards.
Loan Recovery
Coface Algeria
Coface Algeria is a credit insurance company that provides credit insurance and debt collection services.
Debt Works Credit Management
Debt Works Credit Management is an international debt recovery and credit management company that helps businesses and individuals recover overdue payments and unpaid debts. The company provides professional debt collection and financial dispute resolution services for clients across multiple countries, including Montenegro, through its international recovery network.
Brisbane Debt Collection
Brisbane Debt Collection, a leading debt recovery firm in Australia, offers tailored solutions for businesses and individuals.
CCSG
CCSG specializes in providing debt recovery and credit risk management solutions to businesses in Australia.
Questions about lending in Australia
Who regulates lending in Australia?
Lending in Australia is regulated by Australian Competition and Consumer Commission (ACCC), Australian Financial Complaints Authority, Australian Prudential Regulation Authority, and Reserve Bank of Australia. Check their current license and reporting rules before you start lending.
How many lenders in Australia are listed on Lendsqr?
The Lendsqr lender directory lists 38 lenders in Australia.
How much do lenders in Australia typically lend?
Typical loans from lenders listed in Australia range from AUD 5,000 to AUD 50,000 and USD 1,750 to USD 500,000.
Which credit bureaus operate in Australia?
Lenders in Australia can check a borrower's credit history with Equifax, Experian, and Illion.
How much does Lendsqr cost in Australia?
Paid plans in Australia start at USD 200 a month. The pricing section on this page shows what each plan includes.
Which payment providers do lenders in Australia use?
Lenders in Australia disburse and collect with providers such as 2checkout, eWay, Highradius, Mastercard, Neteller, Norbr, Payfirma, and Qpay.
How do lenders verify borrowers in Australia?
Identity and verification providers in Australia include 4stop, Civic, ComplyCube, Data Zoo, Fenergo, ID merit, iDenfy, and Innovatrics.
Who helps lenders recover loans in Australia?
Loan recovery providers in Australia include Coface Algeria, Debt Works Credit Management, Brisbane Debt Collection, CCSG, CDRS, Collectmore, eCollect, and MCC.
