OurMoneyMarket Secured 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
This secured loan features a minimum interest rate in the top 5% of Finder's database.The OurMoneyMarket Secured Personal Loan ranks in the top 5% of secured loans in Finder's database, with a Finder Score of 9.9. This is driven by a highly competitive minimum interest rate which also sits in the top 5% of loans we compare.
The loan also has no ongoing monthly fees. While a 0% application fee is available for some borrowers, a higher fee may apply depending on your credit score.
Pros
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Competitive interest rates
-
Fast online application
-
No monthly fee
Cons
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You need to provide security for the loan
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There is an application fee
Details
Product details
| Product Name | OurMoneyMarket Secured 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 | Secured |
OurMoneyMarket scored in the Finder Awards
The OurMoneyMarket Secured Personal Loan ($5,000-$100,000) was highly commended for Best Secured Personal Loan in the 2026 Finder Awards.
Full list of 2026 winnersHow does OurMoneyMarket Secured Personal Loan ($5,000-$100,000) compare?
- Top ranking loan. It has a Finder Score that places it in the top 5% of secured personal loans in our database.
- Competitive interest rate. Its minimum interest rate of 5.95% is in the top 5% of the most competitive secured personal loan rates.
- Variable application fee. While an application fee of 0% is possible, a higher fee may apply depending on your credit score.
How do OurMoneyMarket Secured personal loans work?
OurMoneyMarket offers secured, fixed personal loans with rates between 5.95% (comparison rate 5.95%) and 18.99% (comparison rate 21.78%). The rate you will get depends on your credit score and other factors.This loan has a fixed interest rate but no early repayment fees. You can borrow between $5,000 and $100,000.
How to apply
To be eligible for this loan, you must:- Be at least 18 years old
- 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
What features does this loan have?
- Fast online application. You can apply and get approved in minutes if you meet OMM's eligibility criteria.
- No ongoing fees. Unlike most personal loans, you won't pay a monthly service fee.
- Flexible repayments. You can choose weekly, fortnightly or monthly repayments.
- No exit or early repayment fees. You can pay this loan off early without penalty.
- Secured or unsecured. Either option will be offered based on your credit assessment. This review references the secured loan. You can get details of the unsecured loan in our review.
How much does an OurMoneyMarket Secured personal loan cost?
This loan has the following fees and charges:
| Cost | Amount |
|---|---|
| Interest rate | Fixed from 5.95% to 18.99% |
| Comparison rate | Fixed from 5.95% to 21.78% |
| Application fee | 0% establishment fee for customers with an exceptional credit score. A higher fee may apply depending on your credit score |
| Ongoing fee | $0 |
| Arrears fee | $35 |
Sources
Your reviews
Richard Finder
Senior Money Editor
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