Frequently Asked Questions

What is a fixed rate loan?

OurMoneyMarket currently only offers fixed rate loans. This means that you will have an affordable fixed scheduled loan repayment that will never increase. In other words, your repayments are set from the day you accept the loan. Surprises belong in parties not in loans.

What will my interest rate be?

OurMoneyMarket offers borrowers a personalised interest rate that is based on their unique circumstances and credit history. To find out what your personalised interest rate is, please take 5 minutes to complete our ‘Quick Rate Quote' form.

OurMoneyMarket’s Quick Rate Quote is a free, no obligation, interest rate estimate that is based off your credit history as reported by OurMoneyMarket’s Credit Bureau of choice.

Completing the Quick Rate Quote form won’t impact your credit score.

Over what term can I borrow?

You can borrow for a term of 3 years, 5 years or 7 years, with weekly, fortnightly or monthly repayments.

How much can I borrow?

Depending on your current income and expenses, OurMoneyMarket can provide loans between $5,000 and $35,000.

Who can borrow with OurMoneyMarket?

OurMoneyMarket offers unsecured personal loans to Australian-resident individuals. You can request a loan for a variety of purposes, such as to purchase a car, go holiday, consolidate existing debts, or make those home renovations you’ve been dreaming of for a while now.

To be eligible for an unsecured personal loan with OurMoneyMarket you must at a minimum satisfy the following:

  • You are an Australian citizen or permanent resident;
  • You are aged 18 years or older;
  • Your gross income is greater than or equal to $25,000 per annum;
  • You have an acceptable credit history with OurMoneyMarket’s credit bureau of choice, as determined at OurMoneyMarket’s discretion;
  • You are not in hardship with another financial provider;
  • There are no undischarged bankruptcy listings on your credit file
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