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Money Plus is a short-term cash lender that offers finance solutions to employed Australians. Customers can apply for a loan up to $2,000 online or up to $6,000 if they apply in one of its two Western Australia or 10 NSW branches
Loan applicants must be employed and earning at least $250 a week to be eligible, but bad credit applicants are considered. Prospective applicants can find out if this loan could be right for them below.
$6,000
Maximum loan amount
Within 30 minutes
Turnaround time
13 - 21 weeks
Term of loan
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Product Name | Money Plus Cash Loan |
---|---|
Minimum loan amount | $100 |
Maximum loan amount | $6,000 |
Loan term | 13 - 21 weeks |
Turnaround time | Within 30 minutes |
Available to Centrelink Borrowers? | No |
If you're struggling financially and would like to speak to someone for free financial advice, information and assistance you can call the Financial Counsellors hotline on 1800 007 007 (open from 9:30am to 4pm, Monday to Friday). If you are suffering financial problems related to the coronavirus pandemic you may be eligible for additional support. Find out more here: https://www.finder.com.au/coronavirus-financial-help
Do you really need a loan today?*
It can be expensive to borrow small amounts of money and borrowing may not solve your money problems.
Check your options before you borrow:
The Government's MoneySmart website shows you how small amount loans work and suggests other options that may help you.
* This statement is an Australian Government requirement under the National Consumer Credit Protection Act 2009.
Applicants can submit their application online and can apply for between $100 and $2,000. If someone needs more funds, they can head into a Western Sydney Money Plus branch to apply for a loan up to $6,000.
Successful applicants will have between 13 weeks and 21 weeks to repay this loan. The repayments will be automatically deducted from a nominated bank account supplied by the applicant.
Some of the features of this cash loan include:
Some of the fees that people can expect to be charged once they receive their cash loan include:
A full schedule of fees will be provided once someone has been approved for the loan amount that they want to borrow.
When applying for this loan applicants should ensure that they have the following information ready:
If they apply in-branch, they need:
The application process remains the same whether someone applies online or in-branch. However, if they do apply in-branch, the waiting time for their funds goes up to 30 minutes as their application is considered by the staff on-site. The information they will need to provide includes:
If someone chooses to apply online, they will have access to their funds within five minutes after their application has been approved. If they apply through a branch, they must wait 30 minutes and will receive the funds after this time if their application has been approved.