Target Market Determination
Issued under the Design and Distribution Obligations regime. Last reviewed 25 June 2026.
Australian Credit Licence 509582. Fees and lender criteria apply.
Who this product is for
Australian residents aged 18 or over with a regular verifiable income who are seeking a consumer purpose loan, including vehicle finance, personal loans, debt consolidation, and green lending.
Customer needs and objectives
- Fund the purchase of a vehicle, asset or personal expense
- Consolidate eligible existing debts into a single repayment
- Access fixed term, fixed repayment credit with transparent fees
Who this product is not for
- Anyone who cannot reasonably afford the repayments without substantial hardship
- Business or commercial purposes (see business lending)
- Short term cash advances or payday lending
Distribution conditions
We assess every applicant against responsible lending obligations under the National Consumer Credit Protection Act 2009 and lender specific credit policy before any approval is offered.
Review triggers
This determination is reviewed at least every 12 months and earlier if significant dealings outside the target market are identified, complaint patterns emerge, or regulatory guidance changes materially.
Simple Loans operates under ACL 509582. AFCA membership 67083.