MoneyPlace secured personal loan
- Interest Rate (p.a.)
- 6.59% to 19.19%
- Comp. Rate (p.a.)
- 6.59% to 20.77%
- Min Loan Amount
MoneyPlace offers secured personal loans starting from $5,000 up to $80,000. The interest rate is fixed, meaning your repayments will remain the same throughout the lifetime of your loan.
It offers terms of 3, 5 or 7 years. You can receive a rate estimate within 2 minutes without it affecting your credit score. The rates are personalised, depend on your credit history and range from 6.59% to 19.19%. You can expect a low rate if you have excellent credit history, but a higher rate if your credit history isn’t perfect.
There is no monthly fee associated with this loan, but there is an establishment fee of 3%–5.50% of the borrowed amount. It is capped at $1,010.
Competitive, tailored rate
Receive a rate estimate before applying
No monthly or early payout fees
Need to provide security for a lower rate
Redraw not available
Establishment fee of 3%–5.50% of the loan amount
|Product Name||MoneyPlace Secured Personal Loan|
|Interest Rate (p.a.)||6.59% to 19.19%|
|Comp. Rate (p.a.)||6.59% to 20.77%|
|Interest Rate Type||Fixed|
|Min Loan Amount||$5,000|
|Max. Loan Amount||$80,000|
How does the MoneyPlace secured personal loan work?
When you apply for a MoneyPlace personal loan, you have the option to secure the loan against a vehicle. However, this does not need to be the asset you are purchasing with the loan. You can use the MoneyPlace secured personal loan for any loan purpose.
The interest rate is tailored to your credit worthiness. So although rates start from 6.59%, you could end up paying up to 19.19% with a higher establishment fee.
To apply for a MoneyPlace unsecured personal loan, you must:
- Be 18 years of age or older
- Be an Australian citizen or permanent resident
- Have regular income
- Not be a couple, company, trust or partnership
How to apply
As MoneyPlace is an online lender, you can apply online in minutes. Simply click the green button to go through to the MoneyPlace website and start entering your details. MoneyPlace will give you a rate estimate before you proceed with the rest of your application.
Features of this loan
- Tailored rate. MoneyPlace determines your interest rate based on your credit history. A lower borrower risk means a lower interest rate while a higher risk also means a higher interest rate.
- No early payout fees. You can pay out your loan early without paying additional fees or charges.
- Flexible loan purpose. Even though you will secure the loan against an asset, the loan does not need to be for that asset. You can use the money for whatever you want.
- Quick online application. To apply for a MoneyPlace secured personal loan, you can simply fill out an online application form in about 10 minutes.
- Loan term. MoneyPlace offers loan term options of 3, 5 or 7 years.
- Loan amount. You can borrow from $5,000 up to $80,000.
How much does the MoneyPlace secured personal loan cost?
|Dishonour fee||$10 per dishonour|
|Default administration fee||$25|
|PPSR fee||up to $60|