OurMoneyMarket Personal Loan – Excellent Credit
- Interest Rate (p.a.)
- 6.57% to 18.99%
- Comp. Rate (p.a.)
- 6.57% to 21.78%
- Min Loan Amount
Competitive interest rates
No ongoing fees
No penalties for additional payments
Late payment fee of $35
Direct debit dishonour fee of $25
|Product Name||OurMoneyMarket Personal Loan - Excellent Credit|
|Interest Rate (p.a.)||6.57% to 18.99%|
|Comp. Rate (p.a.)||6.57% to 21.78%|
|Interest Rate Type||Fixed|
|Min Loan Amount||$2,001|
|Max. Loan Amount||$75,000|
How does the OurMoneyMarket Personal Loan – Excellent Credit work?An OurMoneyMarket personal loan – Excellent Credit lets you access between $2,001 and $75,000 for any worthwhile purpose, such as home improvements, debt consolidation, holidays, medical costs, a wedding, or other legitimate personal expenses. Rates start at just 6.57% p.a. (comparison rate 6.57% p.a.). Borrowers receive personalised interest rates based on their credit score and financial circumstances.
These loans have no monthly, early repayment or exit fees. Interest rates are fixed and won't change during the life of the loan. You can get a loan term of between 1 and 7 years.
Eligibility criteriaTo be eligible for this loan, you must:
- Be at least 18 years or older
- Be an Australian citizen or permanent resident
- Be actively employed or receiving a pension
- Be receiving a regular income (Centrelink can be used as a secondary income)
- Not be in financial hardship with another lender
- Not be a current or prior bankrupt or party to a court judgement
- Not have any active payday loans
How to applyApply for the OurMoneyMarket personal loan – Excellent Credit online by filling out the application form. It's useful to have the following documents on hand:
- Personal identification - such as a drivers license
- Bank details, including 3 months of bank statements
- Details regarding any other debt you may have
Features of this loan
- Secured or unsecured. Either option will be offered based on your credit assessment.
- Personalised rates. 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.
- Quick online application. You can apply online and be approved for a loan within minutes.
- No ongoing fees.
- Flexible payment schedule. You can make repayments on a weekly, fortnightly or monthly basis.
- No exit or early repayment fees. You can pay this loan off early without penalty.
How much does the OurMoneyMarket personal loan – Excellent Credit cost?
You will pay these fees
|Interest rate||Fixed from 6.57% p.a. to 18.99% p.a.|
|Comparison rate||Fixed from 6.57% p.a. to 21.78% p.a.|
You might pay these fees
|Loan variation fee||$35|
|Document production fee||$25|
|Loan cancelation fee||$150|
|Late/overdue fees||$35 per payment|
|Direct debit dishonour fee||$25 per dishonour|
*Borrow from $2,001 to $75,000 with 1 to 7 years loan terms available. This loan comes with no fees for extra repayments and no early exit fees. Offer may be varied or withdrawn at any time. Lending and eligibility criteria and T&Cs apply.
You are about to post a question on finder.com.au:
- Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
- finder.com.au is a financial comparison and information service, not a bank or product provider
- We cannot provide you with personal advice or recommendations
- Your answer might already be waiting – check previous questions below to see if yours has already been asked