DirectMoney Unsecured Personal Loan

A personal loan of up to $35,000 with a tailored interest rate.

Use your great credit history to secure a lower interest rate with DirectMoney. You can apply for an unsecured personal loan from $5,000 and pay it off at your personalised interest rate.

Product NameDirectMoney Unsecured Personal Loan
Interest Rate (p.a.)From 8.5% (fixed)
Comparison Rate (p.a.)9.36%
Interest Rate TypeFixed
Min Loan Amount$5,000
Max. Loan Amount$35,000
Loan SecurityUnsecured

Main points to consider about DirectMoney

A personal loan from DirectMoney is unsecured, so can be used to for a number of purposes including financing a car or consolidating debt. Loan amounts of between $5,000 and $35,000 are available.

Comparison rates start at 9.36% p.a.. The actual rate you receive will depend on your credit history. You cannot have any negative listings on your credit file to apply for a DirectMoney personal loan.

Features of a DirectMoney personal loan

  • Loan purpose. As it's unsecured, you can take out a personal loan from DirectMoney to finance a range of purposes.
  • Loan amount. You’re able to borrow between $5,000 and $35,000.
  • Loan terms. Repayments can be made according to 3 or 5 years terms.
  • Making repayments. You’ll need to set up a monthly direct debit to cover your repayments.
  • Early repayments. Want to pay out your loan early? You can do so without worrying about an early repayment fee.
  • Interest rate. DirectMoney calculates your interest rate in a different way to the majority of other Australian personal loan providers. Available interest rates start from 8.5% p.a., but this may not be the rate you are approved for. Depending on your credit history, you may be approved for a rate anywhere up to DirectMoney offers three interest rate bands; silver, gold and platinum. An interest rate of 8.5% p.a. is offered to those in the platinum band, with rates working on a sliding scale from there.
  • Fees. This loan comes with a few fees to be aware of. While there are no account-keeping or early repayment fees, there is an establishment fee of $595. There is also a late payment fee of $25.

How to apply for a DirectMoney personal loan

If you’d like to apply for a personal loan from DirectMoney, you can click "Go to Site" to get the application process started. Ensure you meet the below eligibility criteria before you apply.

You’ll need to:

  • Be at least 18 years old
  • Be a permanent Australian resident or citizen
  • Be employed and earning a gross income over $30,000 p.a.
  • Not have had any credit problems in the last seven years
  • Earn a minimum gross annual income of $30,000

The application process should take about ten minutes to complete. You’ll need to undergo an online credit check, bank record analysis and have your identity verified.

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28 Responses

  1. Default Gravatar
    suanApril 29, 2018

    I want to invest few thousands with peer to peer lending.

    Please advice me which lenders you recommend.

    • Avatarfinder Customer Care
      JeniApril 29, 2018Staff

      Hi Suan,

      Thank you for getting in touch with finder.

      Since you want to know how to start peer to peer investing, I suggest that you check out this link. It also has the list of peer-to-peer lending sites that you can compare.

      I hope this helps.

      Have a great day!


  2. Default Gravatar
    RodNovember 26, 2017

    I require a $25K unsecured low doc personal loan.
    My income is $150K PA
    I can supply bank statements but not tax returns.
    Do you have a product that would suit?

    • Default Gravatar
      AsiaNovember 27, 2017

      Hi Rod,

      Thank you for your inquiry.

      While we are not a financial expert and we only give general advice, I’m afraid I cannot recommend a specific product that is best suited for you. However, you may compare your options here for low doc personal loans and unsecured personal loans.

      I hope this helps.


  3. Default Gravatar
    JJanuary 27, 2017

    Hi, I have excellent income and only 1 tiny personal loan, however as I have made many finance enquiries my credit score is low. Can you help with a personal loan?

    • Avatarfinder Customer Care
      LouJanuary 27, 2017Staff

      Hi J,

      Thanks for your question.

      You can refer to this page to check your loan options.

      Before clicking the ‘go to site’ button, please feel free to check first the eligibility criteria of the loan product you are interested in.


  4. Default Gravatar
    PaulJanuary 11, 2017

    Hi i was wondering if I get $21,950 pa, can I get $10,000 personal Loan.

    • Avatarfinder Customer Care
      MayJanuary 11, 2017Staff

      Hi Paul,

      Thank you for your inquiry.

      If you are looking to borrow from DirectMoney, you would need to have an income of at least $30,000 p.a. For your other $10,000 personal loan options, please check this page. I suggest that you review the criteria before you apply and discuss your options with the lender.

      Hope this helps.


  5. Default Gravatar
    EdwardJanuary 27, 2016

    Can I find out what interest rate I would be up for without formally applying for a loan?

    • Avatarfinder Customer Care
      ElizabethJanuary 27, 2016Staff

      Hi Edward,

      Unfortunately not as it depends on your credit history. The lowest rate is 8.5% if your credit history is excellent, whereas it increases to 11% p.a., then 13.5% p.a. for the next two bands, and then the highest interest bands are 16% p.a. and 18.50% respectively.



  6. Default Gravatar
    JimJune 21, 2015


    • Avatarfinder Customer Care
      ElizabethJune 22, 2015Staff

      Hi Jim,

      Thanks for your question.

      Direct Money only offer repayment terms of three or five years, and the interest rate you are offered depends on the credit ‘band’ you are in – meaning this could range from 8.5% p.a. tp 18.5% p.a. You can use the personal loan calculators on this page to work out your repayments.

      I hope this has helped.



  7. Default Gravatar
    RaymondJune 10, 2015

    I am a mortgage broker under aggregator PLAN Australia. I have a client who needs a personal of $30k to pay for ATO debt and car loan consolidation. His loan applications were declined by several major banks due to low credit scores as he had made too many credit inquiries in last 6 months.
    Would you be able to help my client to get a personal loan ?
    Please don’t hesitate to contact me if you need more information.

    • Avatarfinder Customer Care
      ElizabethJune 11, 2015Staff

      Hi Raymond,

      Thanks for your question.

      You’ve come through to, not Direct Money, so we don’t actually offer the loans ourselves. To submit an online enquiry through Direct Money’s website please click ‘Go to Site’ on the page above.

      I hope this has helped.



  8. Default Gravatar
    AntonioMarch 29, 2015

    Hi there,

    How will having no credit history affect the interest rate I might be approved for?


    • Avatarfinder Customer Care
      ShirleyMarch 30, 2015Staff

      Hi Antonio,

      Thanks for your question.

      Having no credit history could see that your interest rate is a little higher, as it is riskier for Direct Money to offer you a loan.

      If you would like to discuss your eligibility or options, please get in touch with Direct Money directly.


  9. Default Gravatar
    LuMarch 4, 2015

    I have a $30k loan application with another company. It has been 3 weeks already to get an answer! They are putting us through the ringer yet we have absolutely no negatives and earn jointly about 180k. Is it worthwhile trying again with direct money even tho the other loan application is still active? We are desperate to complete our home renovations that will allow us to rent some of it out to earn more income!!

    • Avatarfinder Customer Care
      ShirleyMarch 4, 2015Staff

      Hi Lu,

      Thanks for your question.

      The decision is ultimately up to you – it’s best to speak with the company that you have already applied with first to enquire about the status of your application. If you feel that their service isn’t up to scratch, then you may want to remove your application.

      Be mindful that having too many inquiries on your credit file could affect any future applications for credit products.


  10. Default Gravatar
    NathanMarch 3, 2015

    Hi i was just enquiring about a loan. I want to try getting a loan to pay off my motorcycle, car and a few defaults that i have. I am currently paying them off weekly but thought if i got a loan and pay them all off then i could just pay one loan instead of four different one’s.

    • Avatarfinder Customer Care
      ShirleyMarch 4, 2015Staff

      Hi Nathan,

      Thanks for your question.

      Please note that is an online comparison service and is not a product issuer. If you would like to discuss your eligibility or options about your debt consolidation loan, please get in touch with Direct Money directly.


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