MoneyStart Cash Loan

MoneyStart previously offered loans up to $5,000.

  • 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.

MoneyStart offered loans between $3,000 and $5,000 with loan terms of 2-3 Years. Their turnaround times are quick, and you could receive the funds within 24 hours of approved. You can choose to repay your loan weekly, fortnightly or monthly. The annual percentage rate of the loan is 36%, with an application fee of $45. There are also several ongoing fees, including a weekly fee of $1.15, a fortnightly fee of $2.28 and a monthly fee of $4.95.


Maximum loan amount

24 Hours

Turnaround time

2-3 Years

Term of loan

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Product NameMoneyStart Cash Loan
Minimum loan amount$3,000
Maximum loan amount$5,000
Loan term2-3 Years
Turnaround time24 Hours
RequirementsOver 18, Employed & earning min $20k p.a.
Available to Centrelink Borrowers?No

Are you struggling financially?

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.

⚠️ Warning about Borrowing

payday-warningDo 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:

  • For information about other options for managing bills and debts, ring 1800 007 007 from anywhere in Australia to talk to a free and independent financial counsellor
  • Talk to your electricity, gas, phone or water provider to see if you can work out a payment plan
  • If you are on government benefits, ask if you can receive an advance from Centrelink: Phone: 13 17 94

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.

Alternatives to MoneyStart Loan

This loan is no longer available, so you can compare other options below:

Name Product Maximum loan amount Term of Loan Turnaround time Arrears Fee Costs Fortnightly Repayment (for $1500 Loan)
Sunshine Short Term Loans
9-14 weeks
30 minutes - conditions apply
20% of loan amount + 4% of loan amount each month
A small loan up to $2,000 that you repay over 9-14 weeks. Loans approved and funded in as little as 30 minutes. Centrelink must not be your primary income
Nimble Short Term Loan
62 days to 9 months
1 hour - conditions apply
20% of loan amount + 4% of loan amount each month
A loan up to $2,000 with terms up to 62 days to 9 months. Centrelink cannot be your primary source of income.
Safe Financial Small Loan
22 - 52 weeks
Same day - conditions apply
Up to $2,000 - 20% establishment fee + 4% monthly.

Above $2,000 - $400 + loan management fee of up to $399 + from 8.7% to 48% APR
Borrow from $1,000 to $5,000 with same-day funding and no early repayment fees.
Fair Go Finance Small Loan
1 to 12 months
24 to 48 hours
Establishment Fee of $18 – $400
A small loan between $300 and $2,000 that can be funded in 24 hours.
Jacaranda Finance Personal Loan
9 to 24 months
Under 1 hour - conditions apply
$0 - $1,000 depending on credit
Borrow up to $10,000 and get access to your funds in as little as 1 hour.

Compare up to 4 providers


  • Loan amount. MoneyStart offered loans between $3,000 and $5,000.
  • Loan terms. Loan periods varied between 24 months or 36 months.
  • Repayment terms. Customers could choose from weekly, fortnightly or monthly repayments.
  • Turnaround time. Once unconditionally approved, customers could expect to receive your loan amount within 24 Hours.

How much did a MoneyStart loan cost?

The fees depended on the loan amount and the length of repayment terms. MoneyStart charged a $45 application fee with all of their loans and an annual percentage rate of 36%. There following ongoing fees also applied:

  • 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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    Default Gravatar
    March 19, 2018

    Iam looking for a small loan today needs buy some stuff

      Default Gravatar
      March 23, 2018

      Hi Kerry,

      Thanks for your question and for contacting finder – a leading comparison website and general information service built to give you advice on your buying decision needs.

      Lenders offering “payday loans” or short-term loans differ from institutions and other lenders in their application processing and criteria. You will usually be able to apply for these types of loans online and get a response quite quickly. To be approved for a short-term loan you have to meet eligibility criteria and provide documentation:

      Eligibility criteria
      Be 18 years of age or older
      Earn a minimum income, usually around $350 a week
      Have a job with a steady income (or benefits)
      Get paid frequently into your bank account (not in cash) either daily, weekly or monthly
      Receive less than half of your income from benefits
      Not be self-employed (some lenders may make an exception)
      If you have bad credit, you need to prove that your current financial situation is stable and reliable
      It’s important to note that meeting the eligibility requirements does not guarantee your approval of your loan.

      Required documents
      Drivers licence (or proof of ID card)
      Medicare Number
      Three recent payslips
      Your Internet banking details
      Utility bill – e.g. council rates, electricity bill, gas bill, Foxtel/Austar bill, mobile phone bills, broadband internet

      If you’re interested in applying for a loan, 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.

      Hope you find this information helpful.

      Thanks and best regards,


    Default Gravatar
    October 11, 2016

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

      Avatarfinder Customer Care
      October 11, 2016

      Hi Leeanne,

      MoneyStart is not currently accepting new applications. You can compare your other payday loans 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,


    Default Gravatar
    March 11, 2016

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

      Avatarfinder Customer Care
      March 14, 2016

      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.



    Default Gravatar
    December 5, 2015

    Hi, can I get a loan please.

      Avatarfinder Customer Care
      December 7, 2015

      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.



    Default Gravatar
    October 10, 2015

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

      Avatarfinder Customer Care
      October 12, 2015

      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.



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