OurMoneyMarket personal loans

Compare OurMoneyMarket Personal Loans

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Name	Interest Rate (p.a.)	Comp. Rate (p.a.)	Application Fee	Monthly Fee	Monthly Repayment
OurMoneyMarket Unsecured Low-Rate Personal Loan ($5,000-$75,000) Finder award winnerFixed1 - 7 Years $5,000 - $75,000	Interest Rate (p.a.) 6.57% to 18.99%	Comp. Rate (p.a.) 7.19% to 21.78%	Application Fee 1.50% - 6% min. $250	Monthly Fee $0	Monthly Repayment $934.23	Go to siteMore Info Compare
OurMoneyMarket Secured Personal Loan ($5,000-$75,000) Fixed1 - 7 Years $5,000 - $75,000	Interest Rate (p.a.) 6.57% to 18.99%	Comp. Rate (p.a.) 7.19% to 21.78%	Application Fee 1.50% - 6% min. $250	Monthly Fee $0	Monthly Repayment $934.23	Go to siteMore Info Compare
OurMoneyMarket Green Loan Fixed1 - 10 Years $5,000 - $75,000	Interest Rate (p.a.) 6.57% to 18.99%	Comp. Rate (p.a.) 7.19% to 21.78%	Application Fee 1.50% - 6% min. $250	Monthly Fee $0	Monthly Repayment $934.23	Go to siteMore Info Compare
OurMoneyMarket Debt Consolidation Loan Fixed1 - 7 Years $5,000 - $75,000	Interest Rate (p.a.) 6.57% to 18.99%	Comp. Rate (p.a.) 7.19% to 21.78%	Application Fee 1.50% - 6%	Monthly Fee $0	Monthly Repayment $934.23	Compare

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Types of personal loans from OurMoneyMarket

There are 2 types of personal loans that you can get from OurMoneyMarket:

Unsecured personal loans: With an unsecured personal loan from OurMoneyMarket you can use the loan for a variety of reasons without risking your security.

Secured personal loans: With a secured personal loan from OurMoneyMarket you can secure the loan against something like a car or a property. You'll risk the security if you fail to make repayments, but you'll often get a lower interest rate.

Within those 2 loan types there are many options for how to use them:

• Car and vehicle loan. You can take out a secured or an unsecured personal loan to purchase a car or other vehicle.
• Debt consolidation. You can use an unsecured personal loan from OurMoneyMarket to consolidate multiple debts you might have.
• Holiday loan. You can use a secured or unsecured personal loan to pay for your next holiday.
• Home renovation. You can use a secured or unsecured personal loan to pay for your next holiday.
• Wedding loan. By using a secured or an unsecured personal loan you could also pay for your big day!
• Education costs. With a secured or an unsecured personal loan you could pay for high education costs.
• Medical expenses. With a secured or an unsecured personal loan you could pay medical bills.
• Green personal loan. You can borrow with a secured or unsecured personal loan to invest in energy efficient renovations like solar panels, rainwater tanks and electric vehicle charging stations.

Features of OurMoneyMarket personal loans.

• Loan amounts. You can borrow between $5,000 and $75,000 with an OurMoneyMarket personal loan.
• Loan terms. Borrow and repay over a loan term of 1 to 7 years.
• Security options. You can choose between a secured and an unsecured personal loan, even for loans which aren't for cars.
• Flexible repayments. You can choose whether you want to make repayments weekly, fortnightly or monthly.
• Fixed interest rates. With a fixed interest rate your repayments will stay the same each month for the duration of the loan.
• No monthly fees. There are no account-keeping fees and no early repayment fees.
• Online application. You can apply for finance and obtain conditional approval within minutes through the online application.
• No vehicle age limits. If you're obtaining finance for a car or vehicle, you can borrow finance for a new or used car with no age limits.
• Fast access to cash. As long as you're approved, you could have the funds in your account within 48 hours.
• Personalised rates. OurMoneyMarket will use your credit score, borrowing power and other information to provide you with personalised interest rates.

How much does an OurMoneyMarket personal loan cost?

A personal loan through OurMoneyMarket will have personalised interest rates from 6.57% p.a. to 18.99% p.a..
OurMoneyMarket doesn't charge any ongoing account-keeping fees. However other costs that come with an OurMoneyMarket personal loan include:

• Establishment fee. This cost will be calculated as 1.50% to 6% of your loan subject to a minimum of $250.
• Late payment fee. There is a charge of $35 if the account goes into arrears. The fee is payable on the 5th, 14th, 21st and 30th days after the payment date.
• Direct debit dishonour fee. There's a $25 fee if OurMoneyMarket cannot process the direct debit payment.

Other fees and charges may be associated with the loan. You should look at the lender terms and charges in your contract.

How to apply

To apply for one of OurMoneyMarket's personal loans you just need to go to their website and click Get Started or Apply Now.

You can fill out some basic information to get your quote using your credit score information. If you're happy with the interest rate and costs you can complete the application and identity verification within minutes.

Once you're approved, you'll get the funds within 48 hours.

To apply you'll need:

• Personal details such as name and address.
• Proof of identity such as a passport or drivers licence.
• Proof of employment and income, such as payslips.
• Bank statements to show other expenses.

If you're opting for a secured personal or vehicle loan, you'll also need the information of the security.

Written by

Rebecca Pike

Senior writer

Rebecca Pike is Finder's senior writer for money. She joined Finder after almost four years writing for business publications in the mortgage and finance industry, including three years as editor of Mortgage Professional Australia. She regularly appears as a money expert on programs like Sunrise and Today, as well as across radio and newspapers. She also holds ASIC-recognised certifications in Tier 1 Generic Knowledge and Tier 2 General Advice Deposit Products. See full bio

Rebecca's expertise

Rebecca has written 197 Finder guides across topics including:

• Home loans
• Cost of living
• Budgeting