OurMoneyMarket
Enjoy a highly competitive fixed rate of 5.95% p.a. on loans from $5,000 to $100,000, with $0 application or annual fees and no early exit charges. Flexible terms available.
The OurMoneyMarket Low Rate Personal Loan is ideal if you want a competitive fixed rate of 5.95% p.a. You can borrow from $5,000 to $100,000, with loan terms ranging from 1 to 7 years. There are no application or annual fees, plus no penalties for early exit, making this a cost-effective option for Australians looking to save on charges and interest payments.
How to Apply: Step-by-Step
- Visit the lender’s application page online
- Fill in your personal and financial details
- Submit ID and income documents
- Get an instant personalised rate estimate
- Upon approval, receive your funds swiftly—often by the next business day
Pros of OurMoneyMarket Personal Loan
One advantage is the low fixed rate, giving certainty on your repayments and helping you budget more easily over the full loan term. The absence of application, annual, or early exit fees means you save money throughout your loan’s life span.
Flexible borrowing limits and payback options help you tailor the loan to your needs, while online application speeds up access to funds. This is especially useful for consolidating debt or managing urgent expenses efficiently.
Cons of OurMoneyMarket Personal Loan
One drawback is the lack of a redraw facility, so you can’t access extra repayments if needed. Terms and rates are strictly based on personal circumstances and credit history, which may lead to higher rates for some borrowers.
Online-only support could deter those who prefer face-to-face service, and eligibility checks may exclude applicants with poor credit or non-standard employment.
Il nostro verdetto
Overall, the OurMoneyMarket Low Rate Personal Loan stands out for its competitive rate and absence of ongoing fees. It suits borrowers who value predictable costs and online convenience, but may not be optimal for those needing feature-rich or highly flexible loans. Consider your own financial situation to ensure this is the right fit for you.
