MoneyPlace Secured Personal Loan
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- Interest Rate (p.a.)
- 5.67% to 19.19%
- Comparison rate (p.a.)
- 6.10% to 20.77%
- Min Loan Amount
- $5,000
Summary
With a high Finder Score of 9.5, this loan ranks in the top 4% of products we've analysed.
It offers one of the lowest minimum rates available from just 5.67% putting it in the top 3% of loans. You'll also get fee-free options with no monthly fees and flexible weekly, fortnightly or monthly repayments.
It's worth noting the maximum rate is high. This means those with lower credit scores may be offered a rate at the higher end of the 19.19% scale.
Pros
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Competitive, tailored rate
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Receive a rate estimate before applying
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No monthly or early payout fees
Cons
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Need to provide security for a lower rate
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Redraw not available
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Establishment fee of 0%–5.50% of the loan amount
Details
Product details
| Product Name | MoneyPlace Secured Personal Loan |
| Interest Rate (p.a.) | 5.67% to 19.19% |
| Comparison rate (p.a.) | 6.10% to 20.77% |
| Interest Rate Type | Fixed |
| Min Loan Amount | $5,000 |
| Max. Loan Amount | $80,000 |
| Loan Security | Secured |
MoneyPlace scored in the Finder Awards
The MoneyPlace Secured Personal Loan was highly commended for Best Secured Personal Loan in the 2026 Finder Awards.
Full list of 2026 winnersHow does compare?
How does the MoneyPlace secured personal loan work?
When you apply for a MoneyPlace secured personal loan, you have the option to secure the loan against a vehicle. However, this does not need to be the asset you are purchasing with the loan. You can use the MoneyPlace secured personal loan for any loan purpose.
The interest rate is tailored to your credit worthiness. So although rates start from 5.67%, you could end up paying up to 19.19% with a higher establishment fee.
Eligibility criteria
To apply for a MoneyPlace unsecured personal loan, you must:
- Be 18 years of age or older
- Be an Australian citizen or permanent resident
- Employed and earning over $20,000 per year
Security must be a vehicle:
- Must be registered to you
- It is comprehensively insured
- No more than 20 years old at the end of the loan
How to apply
As MoneyPlace is an online lender, you can apply online in minutes. Simply click the green button to go through to the MoneyPlace website and start entering your details. MoneyPlace will give you a rate estimate before you proceed with the rest of your application.
Features of this loan
- Tailored rate. MoneyPlace determines your interest rate based on your credit history. A lower borrower risk means a lower interest rate while a higher risk also means a higher interest rate.
- No early payout fees. You can pay out your loan early without paying additional fees or charges.
- Flexible loan purpose. Even though you will secure the loan against an asset, the loan does not need to be for that asset. You can use the money for whatever you want.
- Quick online application. To apply for a MoneyPlace secured personal loan, you can simply fill out an online application form in about 10 minutes.
- Loan term. MoneyPlace offers loan term options of 3, 5 or 7 years.
- Loan amount. You can borrow from $5,000 up to $80,000.
How much does the MoneyPlace personal loan cost?
| Cost | Amount |
|---|---|
| Establishment fee | 0%–5.50% |
| Dishonour fee | $10 per dishonour |
| Default administration fee | $25 |
| PPSR fee | up to |
Sources
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