MoneyStart Loan

Need up to $5,000 in your bank account within 24 hours?

Important information

This lender is not currently accepting new applications. If you have an active MoneyStart account and need access to your statements or account information, you can set up an online Wallet Wizard account to link your MoneyStart account. Just head over to Wallet Wizard's website to do so.

A fast, short-term loan doesn't necessarily have to be a small one. Lenders such as MoneyStart offer loans that can see you have between $3,000 and $5,000 in your bank account within 24 hours of being approved. If you need to make a larger purchase and need the money fast, a MoneyStart Loan can give you the larger cash boost you need.

Alternatives to MoneyStart Loan

Whilst we don't compare this loan directly, here are some other loans that are similar.

Rates last updated February 21st, 2018
Name Product Max. Loan Amount Term of Loan Turnaround Time Costs Fortnightly Repayment $1,500 Product Description
Sunshine Short Term Loans
9-15 weeks
30 Minutes - conditions apply
20% of loan amount + 4% of loan amount each month
Apply online with Sunshine Loans and you could borrow up to $2,000 paid directly into your account. Family Business since 1999.
Wallet Wizard Smart Loan (Up to 2K)
Up to 2 years
24 hours
47.8% APR
Apply for up to $2,000 as a convenient line of credit.
Credit24 Short Term Loan
6-12 months
Same day
20% of loan amount establishment fee + 4% of loan amount monthly.
A loan with a quick turnaround time and generous loan term. To be eligible, Centrelink must not be 50% or more of your income.
Nimble Short Term Loan
62 days to 1 year
1 hour - conditions apply*
20% of loan amount + 4% of loan amount each month
Apply for up to $2,000 and have 62 days to 1 year to repay. Note: Centrelink must not be your primary source of income.
Ferratum Cash Loans
up to 6 months
Same Day if approved
20% of borrowed amount + 4% of borrowed amount each month
Ferratum lets you apply for up to $1,900 without a credit check.

Compare up to 4 providers

How does a loan from MoneyStart work?

The process for a MoneyStart loan is simple and can see your approved loan amount arrive in your bank account quickly. If you're approved, you'll receive a contract which you can then agree to and submit online. The MoneyStart customer service team will be in touch to advise you of the progress of your application and if any further details are needed. Once you're completely approved by the MoneyStart team you can expect to receive your loan amount within 24 hours.

The features you need to know about

  • Loan amount. MoneyStart lets you borrow between $3,000 and $5,000. You'll select your loan amount in your application.
  • Loan terms. You can choose a loan period of 24 months or 36-months. Choose the one that best suits your needs.
  • Repayment terms. You can choose a repayment frequency to suit your budget – weekly, fortnightly or monthly.
  • Fast turnaround time. Once unconditionally approved you can expect to receive your loan amount within 24 hours.

How much does a MoneyStart loan cost?

The amount you end up paying depends on how much you borrow and the length of your repayment terms. MoneyStart charges a $45 application fee with all of their loans and an annual percentage rate of 36% p.a.. There are also ongoing fees to be aware of, outlined below:

  • Weekly fee: $1.15
  • Fortnightly fee: $2.28
  • Monthly fee: $4.95

Are you eligible for a MoneyStart loan?

  • Be employed
  • Earn over $20,000 p.a.
  • Have more than 50% of your income earned through employment
  • be a permanent Australian resident

How to apply

If you're interested in applying for a loan with MoneyStart, click "Go to Site" to get the online application process started. Once there, you'll need to choose your loan details and terms and also submit your banking details. Then, the following process will take place:

  1. Receive your contracts. After you fill out your application you'll receive your loan contract. This contract is an offer to MoneyStart to borrow money.
  2. Response following application. A few seconds after you submit your application you'll be notified of the outcome. You'll either be conditionally approved or your application will be pending a review. You can check your phone and email for updates on the status of your application.
  3. Approval. If your loan has been unconditionally approved, you'll receive your loan amount within 24 hours. If your application has been conditionally approved, you'll be advised if further information is required. If your application is pending review, a member of MoneyStart's customer service department will be in touch to discuss your application.

What you need to provide

  • The purpose of your loan
  • Income details (after tax)
  • Details of your Government benefits (if applicable)
  • Information regarding your expenses
  • Personal details including your residency, marital status and age

MoneyStart offers a convenient loan offering, but as there are others to consider, make sure you compare all of your loan options, make sure you do so before you apply.

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39 Responses

  1. Default Gravatar
    LeeanneOctober 11, 2016

    Can I please have a loan please I’m a singer and a full time mum

    • Staff
      ElizabethOctober 11, 2016Staff

      Hi Leeanne,

      MoneyStart is not currently accepting new applications. You can compare your other options on this page to see if you are eligible. Once you find a loan to apply for click “Go to Site” to submit your application.

      Hope this helps,


  2. Default Gravatar
    timmyMarch 11, 2016

    Hello guys just need a contract to call up to ask some questions about my lone

    • Staff
      ElizabethMarch 14, 2016Staff

      Hi Timmy123,

      MoneyStart appear to be offline at the moment, but you can get in contact with Wallet Wizard, a sister brand of MoneyStart to ask any questions about your loan. You can also head over to WalletWizard’s website to create an online account and access your account details.

      I hope this has helped.



  3. Default Gravatar
    NeridaDecember 5, 2015

    Hi, can I get a loan please.

    • Staff
      ElizabethDecember 7, 2015Staff

      Hi Nerida,

      If you’d like to apply for a loan with MoneyStart you can submit your application on its website. Remember to check the eligibility criteria before you apply.

      I hope this has helped.



  4. Default Gravatar
    DaveOctober 10, 2015

    I applied for a loan with money start but was not given any details to track my progress

    • Staff
      ElizabethOctober 12, 2015Staff

      Hi Dave,

      Thanks for your question.

      MoneyStart usually gives you a response as soon as you submit your application. You will need to get in contact with them to follow up on the status of your application.



  5. Default Gravatar
    gillianSeptember 3, 2015

    I have a loan already with you. Can I have 2 loans so I can consolidate my other loans?

    • Staff
      ElizabethSeptember 4, 2015Staff

      Hi Gillian,

      You’ve come through to, a financial comparison service and not MoneyStart. You’ll need to get in contact with them directly to discuss your situation.



  6. Default Gravatar
    PaniaAugust 24, 2015

    I want to know why I have been told I got approved for a loan yet have no email or anything

    • Staff
      ElizabethAugust 25, 2015Staff

      Hi Pania,

      Thanks for your question.

      Once you have been unconditionally approved for your loan your money should be in your account within 24 hours. If you have any questions about your loan or if your money has been delayed, you’ll need to get in contact with MoneyStart directly.

      I hope this has helped.



  7. Default Gravatar
    lesleeJune 25, 2015

    hi i am an existing customer. my contract number is 3XXXXX. i would like to apply for an additional loan. could you please advise how i go about this.

    • Staff
      ElizabethJune 26, 2015Staff

      Hi Leslee,

      Thanks for your question.

      You’ll need to get in contact with MoneyStart directly to apply for another loan. You can do this by visiting their website.

      I hope this has helped.



  8. Default Gravatar
    TimothyApril 18, 2015


  9. Default Gravatar
    LeeMarch 30, 2015

    Results of my loan please

    • Staff
      ShirleyMarch 30, 2015Staff

      Hi Lee,

      Thanks for your question.

      If you decide to apply for a product or service through our website you will be dealing directly with the provider of that product or service and not with us.

      Please contact MoneyStart directly to enquire about the status of your application.


  10. Default Gravatar
    natMarch 24, 2015

    I’m needing a small loan to consolidate 2 short term loans that my ex husband took out in name …repayments on these are two high and due to me not know they were coming out of my account I have a few bounces payments ….ideally I would like to just have on payment over a longer period that I can easily afford …I have been in my full time job for 8 years and my credit history is not great …I’m worried that the dishonored payments from my account will atop me from getting loan

    • Staff
      ShirleyMarch 24, 2015Staff

      Hi Nat,

      Thanks for your question.

      Please note that is an online comparison and information service and is not a product issuer. If you would like to discuss your eligibility or options, please get in touch with MoneyStart directly.

      All the best,

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