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12 Days of Holiday Offers: Establishment fees waived with OurMoneyMarket


Applying for a personal loan before the end of 2023? If you've got Excellent Credit, you can skip the establishment fees with OurMoneyMarket.

The 12 days of Holiday Offers are here at Finder! Today, for day 8, we're taking a look at personal loans. We've got a great offer from OurMoneyMarket – as well as some tips on what features to look for in a personal loan.

Don't miss out on our 12 Days of Holiday Offers! Explore all of them today

4 features to look for in a personal loan

Personal loans can be used for a huge number of purposes – debt consolidation, car loans, holidays, even education. But before you apply for one, it's important to weigh up your options.

👋 Hey there! We've partnered with OurMoneyMarket for this article. So we'll be using their products as an example throughout. However, you should always do your own research. Make sure to read the product T&Cs before you sign up for any financial product.

1. Minimal fees

Although most loans will include some sort of fees, it's important to check what sort of fees are included, and how much they're likely to total. Common fees include loan establishment fees, loan maintenance fees and early repayment fees.

Factors like your credit rating, prior borrowing history with a lender and the type of loan can be contributing factors.

However, sometimes fees may be waived as an introductory offer. For example, until (DATE TBC) OurMoneyMarket is currently waiving establishment fees on its personal loans for customers with Excellent Credit.

Additionally, OurMoneyMarket don't have any monthly fees or early repayment fees.

2. Low interest rate

Interest rates are one of the biggest factors that influence your repayment amount.

So it's always important to look for a loan with a low interest rate, to reduce the overall loan cost.

This is particularly important if you're taking out a personal loan to consolidate debt – after all, you want to make sure you end up paying less overall.

OurMoneyMarket has personal loan rates that start from 6.57%. That's lower than most rates on the market.

3. Secured or unsecured?

Personal loans can be secured or unsecured. A secured loan means you offer an asset to back the loan. This is usually a car. This can lower your rate and make it easier to get a personal loan approved.

But you can get an unsecured loan without offering anything as security. And if you have a good credit score you can still get a great rate.

4. Online loan management

Many modern loan providers offer an online platform, via desktop or app, to manage your loan. Generally, you're able to make payments, see the amount owed and use a number of other functions to ensure it's being paid off in a timely manner.

Having access to an online platform can give you greater clarity about the loan, and also enable you to pay it off more efficiently

Take advantage of this offer from OurMoneyMarket

Compare other personal loans here
Don't miss out on our 12 Days of Holiday Offers! Explore all of them today Image: @davidf via

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