OurMoneyMarket Personal Loan

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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.

From 8.05% (fixed)

Interest Rate (p.a.)


Comparison Rate (p.a.)


Min Loan Amount


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
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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.

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. Note: The establishment fee will be waived if you apply before 30 September 2019.

Logo for ING Personal Loan
ING Personal Loan

You'll receive a fixed rate of 8.99% p.a.
Benefit from no ongoing fees, no early repayment fees and flexible loan terms on amounts up to $30,000.

Logo for RateSetter Unsecured Personal Loan - 3yr Variable
RateSetter Unsecured Personal Loan - 3yr Variable

You'll receive a variable rate between 5.85 p.a. and 16.40 p.a. based on your risk profile
A flexible loan with amounts from $2,001 and terms starting from 6 months. Interest and comparison rates calculated for a loan term of 3 years.

Logo for Harmoney Unsecured Personal Loan
Harmoney Unsecured Personal Loan

You'll receive a fixed rate between 6.99% p.a. and 28.69% p.a. based on your risk profile.
Apply for a loan up to $70,000 and repay your loan over 3 or 5 years terms.

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