OurMoneyMarket Secured Personal Loan
- 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 personal loan ranks in the top 5% of our database thanks to its low rates and lack of ongoing fees.With a Finder Score of 9.9 out of 10 this loan from OurMoneyMarket is in the top 5% of secured personal loans in our database. Its key strengths are its very competitive minimum interest rate which also sits in the top 5% of loans we analyse.
It also stands out from many of its competitors by having no ongoing monthly fees. The loan allows for extra repayments without penalty giving borrowers more flexibility.
Pros
-
Competitive interest rates
-
Fast online application
-
No monthly fee
Cons
-
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?
- A top-ranking loan. With a Finder Score of 9.9 out of 10 this product ranks in the top 5% of secured personal loans in our database.
- A competitive interest rate. Its minimum interest rate of 5.95% is in the top 5% of secured personal loans we analyse.
- No ongoing fees. You won't pay a monthly service fee which sets it apart from many other personal loans.
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 |
Your reviews
Richard Finder
Senior Money Editor
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