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MoneyPlace Unsecured Personal Loan

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MoneyPlace offers unsecured loans with tailored rates to help you finance vehicles, home improvement projects or even consolidate debt.

If you’re looking for a competitive loan that will reward your good credit history, you may want to consider what’s on offer from MoneyPlace. You can apply for an unsecured loan up to $50,000 to help you finance a range of personal purchases. The loans are competitive, with rates starting at 7.65% p.a. for borrowers with excellent credit history. Find out if this loan is right for you by reading the review below.

From 7.65% (fixed)

Interest Rate (p.a.)


Comparison Rate (p.a.)


Min Loan Amount


Product NameMoneyPlace Unsecured Personal Loan
Interest Rate (p.a.)
From 7.65% (fixed)
Comparison Rate (p.a.)7.65%
Interest Rate TypeFixed
Min Loan Amount$5,000
Max. Loan Amount$50,000
Loan SecurityUnsecured

Main points to consider with the MoneyPlace loan

As an unsecured loan, you can use the funds for a range of personal purposes. The interest rate is tailored to your credit history, with rates starting from 7.65% p.a. for those with excellent credit. You can receive a rate estimate before you submit your full application without it affecting your credit score. As MoneyPlace is a marketplace lender, once your loan is approved, your loan will be matched to a private investor in its personal loans marketplace.

Features MoneyPlace offers with this loan

Several key features and benefits come with this loan, including:

  • Flexible loan purpose. You can purchase a new or used car, consolidate debt from personal loan or card accounts, pay for a holiday, a wedding or even fund medical expenses.
  • Loan amount. You can borrow anywhere between $5,000 and $50,000 with this loan.
  • Loan term. Apply for a loan term of either 3, 5 or 7 years.
  • Good credit history is rewarded. As the interest rates are tailored, you will receive a lower rate the better your credit history is. Interest rates start at a competitive 7.65% p.a. for borrowers with excellent credit histories.
  • Receive a rate estimate. If you’d like a rate estimate without affecting your credit score, you can submit a few details on MoneyPlace’s website and receive an estimate in a few minutes.
  • Quick online application. You can apply online in about 10 minutes, and as MoneyPlace is an online-only lender, you won’t have to submit any physical documents.
  • No early exit fees. If you want to pay back your loan ahead of schedule, you can do so without penalty.

How you can apply for a MoneyPlace loan

You can easily apply for a rate estimate with MoneyPlace online. First, make sure you meet the eligibility criteria. You must:

  • Be over the age of 18
  • Be an Australian citizen or permanent resident
  • Earn at least $20,000 p.a. (the majority of your income cannot be from Centrelink)
  • Be applying as an individual (no joint applications)
  • Have an acceptable credit record with no outstanding defaults, court judgements, writs or bankruptcies
  • Not currently be in collections for outstanding debt
  • If you are self-employed you need to have been trading for at least two years and not be borrowing for business purposes

To receive a rate estimate online, you need to provide the following information:

  • Loan purpose. Select from options such as debt consolidation, new or used car purchase or wedding.
  • Loan details. You’ll need to select how much you want to borrow and for how long.
  • Personal details. Your name, date of birth and marital status.
  • Contact information. Provide your email address, home address and mobile number.
  • ID. You’ll need your driver’s license number and state.

Once you provide these details, you can receive a rate estimate, which does not affect your credit score. If you’re happy to proceed, you can fill out a complete application with MoneyPlace to have your loan fully approved and submitted to the loan marketplace for funding.

Personal Loan Offers

Important Information*
Logo for Harmoney Unsecured Personal Loan
Harmoney Unsecured Personal Loan

You'll receive a fixed rate between 6.99% p.a. and 25.69% p.a. based on your risk profile.
Apply for a loan up to $50,000 and repay your loan over 3 or 5 years terms.

Logo for NAB Personal Loan Unsecured Fixed
NAB Personal Loan Unsecured Fixed

You'll receive a fixed rate between 9.99% p.a. and 18.99% p.a. ( 10.88% p.a. to 19.83% p.a. comparison rate) based on your risk profile
An unsecured loan up to $55,000 you can use for a range of purposes and pay off over up to 7 years. Note: Majority of customers will get the headline rate of 12.69% p.a. (13.56% p.a. comparison rate) or less. See Comparison rate warning in (i) above.

Logo for SocietyOne Unsecured Personal Loan
SocietyOne Unsecured Personal Loan

You'll receive a fixed rate between 7.5% p.a. and 20.49% p.a. based on your risk profile
A loan from $10,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.

Logo for Pepper Money Unsecured Fixed Rate Personal Loan
Pepper Money Unsecured Fixed Rate Personal Loan

You'll receive a fixed rate between 7.95% p.a. and 16.95% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Make additional repayments or pay off the loan early, penalty-free.

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  1. Default Gravatar
    August 9, 2018

    I have a low credit score now and I need a consolidation loan of 30K all up so I can finally just pay one creditor instead of many. Any suggestions of who would overlook a low credit score I just want to give it a try before I file for chapter 11 “broken table”.

    • Avatarfinder Customer Care
      August 9, 2018

      Hello David,

      Thank you for your comment.

      Please be advised that approval of your loan application may be based mainly on your credit rating. So if you have a low credit score, your loan application may be affected. You can compare lenders that offer loan consolidation on this page but still not a guarantee for approval because of your low credit score. You can surely contact them first and see your eligibility. Some of the lenders may consider you if they can see that you’re capable of repaying the loan.

      Please make sure that you’ve read the relevant T&Cs or PDS of the loan products before making a decision and consider whether the product is right for you. If you’re sure to apply, click the Go to Site button.

      Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.


  2. Default Gravatar
    May 30, 2017

    Me and my husband want to consolidate our debts.. mainly personal loan and credit card can we check our eligibility? I am on mat leave going back 4 days in july.looking for at least $30000.

    • Avatarfinder Customer Care
      May 31, 2017

      Hi Kaps,

      Thanks for your question.

      If you want to consolidate your personal loan and credit card debts, you may consider getting a balance transfer credit card. You can check this page to compare balance transfer cards that will allow you to move personal loans and credit card balances.

      Alternatively, you may also consider rolling all your outstanding debts into one loan. You can check your options here.

      Kindly visit the review page of the credit card or loan product you are interested in to check the eligibility criteria and requirements to apply.


  3. Default Gravatar
    May 26, 2017

    I need to borrow 45000. I am running a small business I am a older Australian I have a average credit rating will you be able to help.

    • Avatarfinder Customer Care
      May 26, 2017

      Hi Hczs5,

      Thank you for your inquiry.

      A business loan might help with your current situation. You may check your available options here.

      I hope this information has helped.


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