OurMoneyMarket Personal Loan

OurMoneyMarket Personal Loan

OurMoneyMarket Personal Loan


8.05 % p.a.

fixed rate


9.06 % p.a.

comparison rate

  • Personalised fixed rate
  • Flexible payment options
  • Fast online application
Security Logo

100% confidential application

More info Go to site
What happens when I click Go to site?
  • Clicking Go to site will take you to your Online Application on the product issuer's website. You do not need to be an existing customer of this provider to apply.
  • Your application will typically take you no more than 10-15 minutes to complete
  • You'll be given a decision on your application from the lender and you could have the money in your account within 24 hours.
Click here to start your application >>

Get a competitive personalised rate from a range of lenders.

OurMoneyMarket is a marketplace lender that offers personal loans financed by investors. Customers receive a personalised fixed rate based on their existing credit history and financial situation, with the most competitive rates offered to those with good credit history.

See if it's right for you below.

Product NameOurMoneyMarket Personal Loan
Interest Rate (p.a.)From 8.05% (fixed)
Comparison Rate (p.a.)9.06%
Interest Rate TypeFixed
Min Loan Amount$2,000
Max. Loan Amount$50,000
Go to site

Main points to consider with an OurMoneyMarket Personal Loan

You can borrow from $2,000 to $50,000 with a term of 1 year to 7 years. The loan can be used for any worthwhile purpose, including buying a car, debt consolidation, home improvements or other personal expenses.

You will receive a loan grade of A+ to D from OurMoneyMarket, depending on your credit history and financial situation. Your interest rate will be based on your loan grade and loan term, with lower rates offered to customers with better grades and shorter loan terms.

Rates start from 8.05% p.a. with a comparison rate of 9.06% p.a. up to 33.75% p.a. with a comparison rate of 35.75% p.a. depending on your grade and term.

Features of an OurMoneyMarket Personal Loan

  • Personalised rate. You will receive a competitive interest rate based on your credit history. The better your credit history, the lower the rate you're likely to receive.
  • Range of lenders. OurMoneyMarket operates as a marketplace lender and loans are financed by investors.
  • Quick online application. You can apply online and be approved for a loan within minutes.
  • No ongoing fees. You will pay an establishment fee but no ongoing fees.
  • Flexible payment schedule. You can make repayments on a weekly, fortnightly or monthly basis.
  • Extra repayment option. You can make additional payments without penalty.

Fees and charges

  • Establishment fee. You will pay an upfront fee of 1.5–6% of your total loan amount, depending on your loan grade. The minimum fee is $150.
  • No monthly fee. You do not pay any ongoing monthly fee.

You may also need to pay a loan variation fee, document production fee or loan discharge fee if required.

How to apply for an OurMoneyMarket Personal Loan

You can begin your application by clicking "Go to site" above. You will need to meet the following criteria to be eligible for a loan:

  • Be at least 18 years old
  • Be an Australian citizen or permanent resident

You will also need to provide personal and financial information as part of your application, as well as three months of bank statements. These can either be provided as copies or by allowing OurMoneyMarket to access your bank account using the secure Yodlee gateway.

Once you've applied, your loan application will be placed on the marketplace where investors can choose to fund it. This process can take from 1–14 days depending on the terms of your loan.

OurMoneyMarket provides competitive personal loans that offer flexible payment options and risk-based rates. As with any loan product, you should compare a range of options to ensure you make the best choice for your situation.

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Personal Loan Offers

Important Information*
Logo for Citi Personal Loan Plus
Citi Personal Loan Plus

You'll receive a variable rate between 8.99% p.a. and 17.99% p.a. (9.67% p.a. to 18.6% p.a. comparison rate) based on your risk profile
A credit limit up to $75,000 that you can continue to draw down over terms up to 5 years.

Logo for NOW FINANCE Personal Loans
NOW FINANCE Personal Loans

You'll receive a fixed rate between 8.95% p.a. and 16.95% p.a. based on your risk profile
Apply for loans from $5,000 and get a dedicated loan manager. No security required.

Logo for NAB Personal Loan Unsecured Fixed
NAB Personal Loan Unsecured Fixed

You'll receive a fixed rate between 10.69% p.a. and 18.69% p.a. ( 11.58% p.a. to 19.53% p.a. comparison rate) based on your risk profile
An unsecured loan up to $55,000 you can use for a range of purposes and pay off over up to 7 years. Note: Majority of customers will get the headline rate of 12.69% p.a. (13.56% p.a. comparison rate) or less. See Comparison rate warning in (i) above.

Logo for Westpac Unsecured Personal Loan
Westpac Unsecured Personal Loan

You'll receive a fixed rate of 12.99% p.a.
Benefit from the security of a fixed rate with the flexibility of additional repayments. Existing Westpac customers may qualify for discounts.

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