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.

Updated February 21st, 2019
Name Product Maximum Loan Amount Term of Loan Cash Deposited In Costs Fortnightly Repayment (for $1500 Loan)
9-15 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 9-15 weeks. Loans approved and funded in as little as 30 minutes. Centrelink must not be your primary income
Up to 2 years
3 hours - conditions apply
Apply for up to $2,000 and be able to access your approved loan as a convenient line of credit.
62 days to 1 year
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 1 year. Centrelink cannot be your primary source of income.
6-12 months
Same day - conditions apply
20% of loan amount establishment fee + 4% of loan amount monthly.
Credit24 offers this loan up to $2,000 and gives you 12 months to repay.
3-12 months
1 business day
Establishment fee from 10% of loan amount + monthly fee from 2%
A small loan between $500 and $2,000 that can be funded in 24 hours.
6 to 12 months
20% of loan amount + 4% of loan amount each month
A short-term loan from $500 that you can have up to 12 months to repay. All credit histories considered.

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%. 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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41 Responses

  1. Default Gravatar
    KerryMarch 19, 2018

    Iam looking for a small loan today needs buy some stuff

    • finder Customer Care
      NikkiMarch 23, 2018Staff

      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,


  2. Default Gravatar
    LeeanneOctober 11, 2016

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

    • finder Customer Care
      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,


  3. Default Gravatar
    timmyMarch 11, 2016

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

    • finder Customer Care
      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.



  4. Default Gravatar
    NeridaDecember 5, 2015

    Hi, can I get a loan please.

    • finder Customer Care
      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.



  5. Default Gravatar
    DaveOctober 10, 2015

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

    • finder Customer Care
      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.



  6. Default Gravatar
    gillianSeptember 3, 2015

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

    • finder Customer Care
      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.



  7. 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

    • finder Customer Care
      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.



  8. 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.

    • finder Customer Care
      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.



  9. Default Gravatar
    TimothyApril 18, 2015


  10. Default Gravatar
    LeeMarch 30, 2015

    Results of my loan please

    • finder Customer Care
      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.


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