Frequently Asked Questions

Everything you need to know about Credi. Didn’t you get an answer to your question?, please contact us.

I’M NEW TO CREDI / GENERAL is a world-first relationship-lending platform that powers ‘The Bank of Mum and Dad’. It is an efficient, cost-effective means of formalizing loans between family members, friends and businesses. It removes the stress, heartache and potential for legal action.

Credi is a web-based app specially designed to allow you to create, manage and automate your personal lending with friends, family members and business acquaintances. Credi does not lend money, it is simply the software that helps you manage and formalise your lending and borrowing with another party. Credi is designed and commercialised by Credi Pty Ltd Australia (Credi).

No, Credi Pty Ltd is not a money lending company. At Credi, we only provide you with the Credi platform to facilitate the management of your loan information, formalise it, track repayments and record updates.

No, we don’t perform credit checks or any other credit assessment. The creditworthiness of a borrower is determined only by the lender who knows the borrower well (and vice versa). We have no control over and do not guarantee the ability or intention of any borrower to repay a loan.

Credi does not guarantee repayment of loans. Lenders fund loans at their own risk and goodwill to help out a friend, family member or business acquaintance.

Credi is not a lending marketplace and does not connect users to lenders. Credi is simply a platform that a lender and borrower use to facilitate their loan, making the process easier to manage and formalised all in one place.

Credi allows you to build your loan, varying terms such as loan amount, term, interest rate, repayments using the loan builder functionality until they are right for you. Then you personalise the loan request and send it to one or more people, accept, negotiate or reject offers and once two parties agree, a legally binding contract is e-signed. Communications and alerts will advise of forthcoming repayments on the due date and the repayment will be recorded or amended and the loan record updated.
The Borrower and Lender deal directly with each other, setting up the loan parameters, negotiating and agreeing on a contract.

A friends, family and businesses relationship loan is a type of Peer-to-Peer lending (P2P). These types of loans are part of a fast growing trend of people lending/borrowing money to each other without the intermediary of a bank or financial institution. Often P2P loans are unsecured loans, which means the lender does not require the borrower to pledge assets or belongings as collateral.

Credi is a web-based application accessible from any device. There is no download required at all.

Yes, Credi works across all devices: desktop, laptop, tablets and mobile.

At Credi, we have a clear and simple fee structure. All Credi Personal loans under $10, 000, 000 are free of charge with no monthly fees. Credi Premium will have a fee and advanced features, when released.

Credi will be expanding to other countries in the near future, but currently, it is only offered in Australia. However, calculates in dollars and the Credi loan agreement is enforceable in the country that the borrower resides in. This may mean that Credi is applicable and usable by you.


Yes, you can! The way to build an interest only loan in the Credi platform is to enter the same amount in the fields ‘loan amount’ and select ‘balloon amount’, as well as entering your interest rate of course. The periodic repayment schedule will then reflect interest only payments with the final payment being the loan principal.