OurMoneyMarket operates off a lower operating cost model than many of the traditional bank lenders. These savings are effectively passed onto borrowers in the form of lower rates.
No. We do not share any information with investors that would allow them to identify who you are. They will only be provided with demographic information about you, your financial information and historical credit performance.
Yes. Please contact us on 1300 990 115 or email firstname.lastname@example.org to discuss how.
Your Loan Offer will set out your contractual loan obligations including your scheduled repayments. In the event you wish to make a change to the repayment schedule, please contact 1300 990 115 or email email@example.com
OurMoneyMarket offers you repayment flexibility with the options of weekly, fortnightly or monthly loan repayments. All scheduled loan repayments must be made via direct debit.
If you wish to make any additional loan repayments ahead of schedule or pay off your loan completely, please login to your personal borrower dashboard and select 'Transfer Funds'. You will be provided with BPAY details for your account. If you then log into your internet banking account, you can make an additional loan repayment on your OurMoneyMarket loan by using these details.
If you are experiencing financial hardship and are having difficulty meeting your scheduled loan repayments, please contact us as soon as possible on 1300 990 115 or email us at firstname.lastname@example.org
Yes, absolutely. You can pay off your loan at any time without incurring any penalty or fees.
Also, you can also make additional repayments ahead of schedule, without any penalty or fees. To be eligible for an unsecured personal loan with OurMoneyMarket you must at a minimum satisfy the following:
So that we can finalise your application, and comply with responsible lending standards, we are required to verify all income and expenses. You can do this by submitting your latest bank statements via the secure Illion Bank Statement service (learn more here: https://bankstatements.com.au).
When you submit statements using the secure Illion Bank Statements service, we will receive the last 3 month bank statements electronically for all bank accounts held under your name with that bank.
Illion will be provided with read-only access. Neither Illion or OurMoneyMarket are able to transact on your bank account.
We only obtain access to your bank statements in order to assist in the credit assessment process of your loan application.
There are two options:
In order for us to complete our credit assessment of your loan application we will need to review at a minimum your last 3 months’ bank statements. This can be done electronically through our trusted service provider Illion in under a minute.