OurMoneyMarket Home Improvement Loan
We currently don't have this product on Finder
- Interest Rate (p.a.)
- 5.95% to 18.99%
- Comparison rate (p.a.)
- 5.95% to 21.78%
- Min Loan Amount
- $5,000
Summary
A top-ranking personal loan with interest rates from as low as 5.95%.With a Finder Score of 9.7, the OurMoneyMarket Home Improvement Loan is one of the top-ranking unsecured personal loans in our database. This is largely thanks to its competitive features.
Its minimum interest rate is among the lowest we compare and it comes with no application or ongoing fees. Borrowers with excellent credit may find this to be a cost-effective option.
Pros
-
Competitive interest rates
-
No account-keeping fees
-
No penalties for early repayment
Cons
-
Late payment fee of $35
-
Direct dishonour fee of $25
Details
Product details
| Product Name | OurMoneyMarket Home Improvement Loan |
| Interest Rate (p.a.) | 5.95% to 18.99% |
| Comparison rate (p.a.) | 5.95% to 21.78% |
| Interest Rate Type | Fixed |
| Min Loan Amount | $5,000 |
| Max. Loan Amount | $100,000 |
| Loan Security | Unsecured |
How does OurMoneyMarket Home Improvement Loan compare?
- A top-rated loan. With a Finder Score of 9.7, this loan ranks in the top 5% of unsecured personal loans in our database.
- Competitive interest rates. Its minimum interest rate of 5.95% is in the top 5% of the lowest rates for unsecured personal loans we compare.
- Borrow a large amount. The maximum loan amount of $100,000 is higher than many other personal loan providers offer.
How does the OurMoneyMarket Home Improvement Loan work?
An OurMoneyMarket home improvement loan lets you borrow between $5,000 and $100,000 for a home renovation project.Eligible borrowers can take out this loan as either secured or unsecured. Loan terms are from 1 year to 7 years and there are no fees if you repay before the term ends.
You can get a conditional approval within minutes online. Interest rates start from [lowest rate shortcode] but rates are personalised based on borrower credit profile.
Repayments can be weekly, fortnightly or monthly. With fixed interest rates, these repayments won't change for the term of the loan.
Eligibility criteria
To 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 apply
Apply for the OurMoneyMarket Home Improvement Loan 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.
- $0 fees. You won't pay an establishment fee or any 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 Home Improvement Loan cost?
You will pay these fees
| Interest rate | Fixed from 5.95% p.a. to 18.99% p.a. |
| Comparison rate | Fixed from 5.95% p.a. to 21.78% p.a. |
| Establishment fee | $0 |
| Ongoing fees | $0 |
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 $5,000 to $100,000 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.
Sources
Your reviews
Rebecca Finder
Editor, Money
Hi there, looking for more information? Ask us a question.
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
Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms Of Service and Finder Group Privacy & Cookies Policy.
This site is protected by reCAPTCHA and the Privacy Policy and Terms of Service apply.
Sarah Megginson Finder
June 23, 2025
Hi Sheena,
They will look at a range of things to work out if you’re eligible, including your age but also your income. Your best bet is to contact them and chat through your situation to see what your options are. Best of luck!
Sheena
June 17, 2025
can you still be eligible for this loan if aged 70 or 71 and still running your own business, thank you.