OurMoneyMarket
Get a personal loan with rates as low as 5.95% p.a., terms up to 7 years, no annual or application fees, and flexible repayment options. Fast online application.
OurMoneyMarket offers a standout personal loan option, especially appealing for those seeking low rates and flexibility. Interest rates start at 5.95% p.a. for eligible applicants with excellent credit. Loan terms range from 1 to 7 years, and you can borrow between $5,000 and $100,000 with no annual or application fees.
This personal loan is 100% online, with a simple application and no early exit fees. If you have an A++ credit profile, you could enjoy a Canstar exclusive 0.15% p.a. rate discount by applying before the promotional deadline.
How to Apply for the OurMoneyMarket Personal Loan
- Start by visiting the provider’s application page online.
- Complete the quick eligibility check, which takes about two minutes.
- Submit details like identity documents, employment info, and financial status.
- Receive pre-approval and review your rate before confirming your application.
- Upon approval, sign and return any required documentation electronically.
- The loan funds are transferred soon after processing is complete.
Pros of the OurMoneyMarket Personal Loan
This offer shines with its highly competitive interest rates and absolute transparency on fees. Both annual and application fees are set to $0, reducing your real cost.
Flexible loan terms up to 7 years suit a variety of needs, while borrowers appreciate the absence of early exit fees. The digital process adds significant convenience.
Cons of the OurMoneyMarket Personal Loan
The best rates are reserved for those with excellent credit, so some applicants may get higher rates than the headline offer. Also, there’s no redraw facility available.
Meeting documentation and verification requirements can take some time if you’re not organised, particularly for first-time applicants.
Final Verdict
OurMoneyMarket’s personal loan is an excellent choice for Australians seeking competitive rates, long terms, and no recurrent fees. It’s best for creditworthy borrowers who value a hassle-free online process.