Personal loans,
now more personal

MoneyPlace loans are simple, 100% online and tailored to match your individual situation. The best borrowers get rewarded with our lowest rates, with unsecured loans starting from just 6.95% p.a. (6.95% comparison rate*).

Check your rate in 2 minutes.

CANSTAR Outstanding Value – Excellent Credit Personal Loan
RateCity Gold Award 2022, Excellent Credit Personal Loans
Mozo Experts Choice, Excellent Credit Personal Loan, 2019
Money Magazine Winner, Best of the Best 2019, 2020 and 2021

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(Checking your rate will not affect your credit score)

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$5,000 to $80,000

3, 5 or 7 years

Unsecured / secured

No ongoing fees

Financial hardship: If you’ve been impacted by coronavirus or recent floods, we’re here to help.
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What our customers are saying

  • "Extremely easy to deal with, was a pleasure to do business with MoneyPlace."

    Jacqueline, QLD

  • "I work in the finance industry and found MoneyPlace to be a pain-free service."

    Dominic, VIC

  • "Everything went so smoothly, simple application process and always delivered on what was promised."

    Lindsay, NSW

  • "The service was fantastic, I've always used banks and was very impressed with MoneyPlace service."

    Melissa, WA

  • "The whole process was very quick, it was faster then my own personal bank could have done."

    Dana, VIC

One size doesn’t fit all

We understand that everybody is different, so we tailor our interest rates to individually match our borrowers' financial situations. For unsecured loans our rates range from 6.95% (6.95% comparison rate*) to a maximum of 21.99% (23.57% comparison rate). Our loans are from $5,000 to $80,000 over 3, 5 or 7 years.

See below how different interest rates would affect repayments on a $15,000 loan over 5 years.

Best
6.95%
Annual rate
6.95%
Comparison rate
6.95%
Monthly repayments
$296.66
Good
12.09%
Annual rate
10.99%
Comparison rate
12.09%
Monthly repayments
$335.84
Average
15.07%
Annual rate
13.79%
Comparison rate
15.07%
Monthly repayments
$363.03

For a 5-year unsecured loan of $15,000 at 10.99% p.a. (12.09% comparison rate*), the total amount payable over the course of the loan would be $20,151, which includes interest of $4,701 and an establishment fee of $450. Interest rates are based on an individual's financial circumstances. Checking your rate will not affect your credit score.

* This comparison rate is based on a $30,000 unsecured loan for a five year term.
^ This comparison rate is based on a $30,000 secured loan for a five year term.

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

Your money, for whatever you need

MoneyPlace offers both unsecured and secured personal loans for almost anything, including to pay for a car, a holiday, medical or dental work, debt consolidation, home improvement or even to help pay for a wedding. Our loans are 100% online and funded directly by investors, so you don't have to deal with a bank or pay expensive bank interest rates.

Applications

It's simple, and takes only 10 minutes to apply online

After your application is submitted your dedicated lending specialist will guide you through the final steps. Once approved, we'll transfer your money the same day.

Apply now

Frequently asked questions

Who can apply?

Anyone who is over 18 years old and a citizen or permanent resident, currently living in Australia, who is employed and earns at least $20,000 per year (the majority of your income cannot be from Government benefits) can apply.

How much can I borrow?

MoneyPlace loans are from $5,000 to a maximum of $80,000, for either 3, 5 or 7 years. It should be noted however, that the maximum amount we will lend you depends on a number of factors including your credit history.

What will my interest rate be?

We assess our borrowers based on a number of factors, such as their credit score and financial history. To find out what your rate will be, you must check your tailored rate here. It takes just 2 minutes to find out your rate and is completely obligation fee.

What are your fees and charges?

In some circumstance we may charge an Establishment Fee when your loan is drawn down. It covers the cost of providing you with credit assistance, which includes the assessment and verification services we undertake to establish your loan. Our Establishment Fee is non-refundable.

We do not have any monthly or annual fees, or penalties for making early repayments. Other lenders often include fees like these so we recommend you check this carefully if considering other lenders.

Can I add security to my loan?

Yes. When you apply for a loan with MoneyPlace you may be given the option to use a vehicle as collateral to secure your loan to access a lower interest rate, a higher borrowing limit, or both. The car can be one that you already own outright, or it may be one that you are purchasing or refinancing with your MoneyPlace loan.

What can I use my money for?

You can use your MoneyPlace loan for almost anything you want. You may not use your loan for anything illegal. Other than that, it’s pretty much up to you.

Will you affect my credit score?

When you get a rate estimate from us we access your credit file in a way that is not visible to other credit providers and does not affect your credit score. When you submit a full loan application we do what is called a 'full credit enquiry' which other credit providers can see and which might affect your score.

Our customers have saved an average $5,654 over the term of their loan when they consolidated their credit cards and personal loans with us.

Savings are based on the average amount of credit card and personal loan debt consolidated by MoneyPlace customers, using the average interest rate and fees for such accounts (as published by ANZ, Westpac, NAB, and CBA); and upon the average loan size, interest rate and fees paid by MoneyPlace customers over a 5 year loan term. Individual circumstances will vary.