OurMoneyMarket Unsecured Low-Rate Personal Loan
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- 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 offering an interest rate in the top 5% of the market.The OurMoneyMarket Unsecured Low-Rate Personal Loan is one of the top-performing loans in our database, with a Finder Score in the top 5% of its peers. Its main advantages are a highly competitive minimum interest rate and a lack of both application and ongoing fees.
This helps it stand out from competitors. However, be aware that while the establishment fee can be $0, it may be as high as 6% of the loan amount depending on your application.
Pros
-
Competitive interest rates
-
No ongoing fees
-
No penalties for additional payments
Cons
-
Late payment fee of $35
-
Direct debit dishonour fee of $25
Details
Product details
| Product Name | OurMoneyMarket Unsecured Low-Rate Personal Loan ($5,000-$100,000) |
| 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 |
OurMoneyMarket scored in the Finder Awards
The OurMoneyMarket Unsecured Low-Rate Personal Loan ($5,000-$100,000) was highly commended for Best Unsecured Personal Loan in the 2026 Finder Awards.
Full list of 2026 winnersHow does OurMoneyMarket Unsecured Low-Rate Personal Loan ($5,000-$100,000) compare?
- A top-ranking loan. This product scores in the top 5% of unsecured personal loans in our database.
- Competitive interest rate. The minimum interest rate sits in the top 5% of unsecured personal loans we compare.
- Fewer fees. This loan has no application or ongoing monthly fees which sets it apart from many competitors.
- Large loan amounts. You can borrow up to $100,000 which is a higher limit than many other unsecured loans.
- Variable establishment fee. Your establishment fee could be as high as 6% of the loan amount depending on your credit profile which is less predictable than the flat fees some lenders charge.
How does the OurMoneyMarket Unsecured Low-Rate Personal Loan work?
An OurMoneyMarket Unsecured Low-Rate Personal Loan lets you access between $5,000 and $100,000 for any worthwhile purpose, such as home improvements, debt consolidation, holidays, medical costs, a wedding, or other legitimate personal expenses. Rates start at just 5.95% p.a. (comparison rate 5.95% 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 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 Unsecured Low-Rate Personal 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. This review references the unsecured loan. You can get details of the secured loan in our review.
- 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 ongoing fees. You won't pay any annual or monthly fees.
- Establishment fee. There's an establishment fee of 0% to 6%, depending on your credit profile .
- 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 Unsecured Low-Rate Personal Loan cost?
You will pay these fees
| Cost | Amount |
|---|---|
| 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
| Cost | Amount |
|---|---|
| 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.
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