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 $45,000 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.

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$45,000
Loan SecurityUnsecured


  • Competitive, tailored rate
  • No security required
  • Receive a rate estimate before applying


  • Restrictive loan terms

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 $45,000 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 licence 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.

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4 Responses

  1. Default Gravatar
    KapsMay 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.

    • finder Customer Care
      LouMay 31, 2017Staff

      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.


  2. Default Gravatar
    josephineMay 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.

    • finder Customer Care
      HaroldMay 26, 2017Staff

      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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