How Lendly Works

For Everyone

Whether you want to lend or borrow, Lendly makes it simple.

1

Download & Sign Up

Get the Lendly app from the App Store and create your account with your email and basic details.

2

Verify Your Identity

We use ConnectID, backed by major Australian banks, to verify your identity securely. No need to upload documents - just confirm through your bank app.

3

Choose Your Path

Select whether you want to be a Lender (fund others and earn returns), a Recipient (request short-term funding), or both.

For Lenders

Put your money to work and earn returns by funding others.

1

Deposit Funds

Add funds to your Lendly wallet. Your money becomes available to help fund recipients automatically.

2

Automatic Matching

The platform automatically matches your available funds with verified recipients who need funding.

3

Funds Transferred Securely

When matched, funds are transferred instantly via NPP/PayID through our secure payments partner.

4

Earn Returns

Track your portfolio and watch your returns grow. Earn up to 24% p.a. on your funds.

For Recipients

Access short-term funding without the complexity of traditional banks.

1

Create a Funding Request

Specify how much you need (up to $2,000), what it's for, and your preferred term (up to 30 days).

2

Affordability Check

We connect to your bank via Open Banking to verify you can comfortably repay. This protects both you and lenders.

3

Get Funded

If funds are available, you're matched instantly. The money is transferred to your account right away.

4

Repay on Schedule

Repayments are scheduled to match your pay cycle. Make payments easily through the app when they're due.

Platform Rules

Clear, simple rules that protect everyone.

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$2,000 Maximum

Funding requests are capped at $2,000 to keep things manageable and reduce risk.

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30 Days Maximum

All funding is short-term with a maximum term of 30 days.

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5% Platform Fee

A simple 5% fee on funded requests. 3% to Lendly, 2% to lenders.