Marketplace Lending | How it Works | FinTech

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Marketplace Lending

OurMoneyMarket is a place to borrow or invest money. You can invest in loans like a bank does or borrow to buy a car, go on holiday, consolidate debts, pay for a wedding, whatever it is that you need!

By dealing directly with each other, instead of via a traditional financial intermediary, borrowers can get lower rates and investors earn competitive returns. It’s quite simply a better deal for all. This is our money market.
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Watch the video to learn more about marketplace lending
Benefits

OurMoneyMarket assigns a grade (from A+ to D) to each loan based on its evaluation of the credit worthiness of a borrower and their ability to pay back the loan. The lowest interest rates are assigned to the least risky grades, which reflect the potentially lower loss rates (lower probability of loans defaulting) and lower volatility in returns.

OurMoneyMarket gives you control over your investments and lets you invest the way you want to invest. You can manually select each loan you would like to include in your portfolio, or simply use our ‘Quick Invest’ option. Quick Invest lets you simply state the amount and term you would like to invest for, and based on this OurMoneyMarket will propose three loan portfolio options for you (Conservative, Balanced and High-Yield) that vary in risk and return.

At OurMoneyMarket you invest in Loan Units to fund loans. Instead of investing in Loan Units all linked to one loan, you can invest in portions of loans, with as little as $50 in Loan Units linked to any single loan. By investing small portions in Loan Units of equal size that correspond to different borrowers’ loans, you can diversify your portfolio and reduce the impact of any single loan loss.

A regular fixed income stream sourced from an alternative asset class. What’s more using OurMoneyMarket’s ‘Auto-Invest’ tool you can passively manage your portfolio by reinvesting principle and/or interest into Loan Units linked to new loans that match your credit risk appetite and investment criteria.

OurMoneyMarket is a 100% online investment platform. Offering real-time feedback on portfolio performance. As a member, you have your own unique investment dashboard. All you need to do is login and you can review the performance of your portfolio, print out account statements, deposit funds, invest in loans, withdraw cash and see how our money market is performing.

Process

Become a member by clicking the “Register to Invest” button below and complete our simple online application form in minutes.

Once we verify your membership via email, simply transfer funds via BPAY into your OurMoneyMarket account.

You can now browse the marketplace and build your own portfolio, investing as little as $50 in Loan Units linked to each loan, or if you like, quickly invest via our ‘Quick Invest’ option.

Receive regular fixed repayments of principal and interest as borrowers repay their loans.

As your investments are repaid you can automatically or manually reinvest these repayments or simply withdraw the funds.

Process

Become a member by clicking the “Register to Invest” button below and complete our simple online application form in minutes.

Once we verify your membership via email, simply transfer funds via BPAY into your OurMoneyMarket account.

You can now browse the market place and build your own portfolio, investing as little as $50 in Loan Units linked to each loan, or if you like quickly invest via our ‘Quick Invest’ option.

Receive regular fixed repayments of principal and interest as borrowers repay their loans.

As your investments are repaid you can automatically or manually reinvest these repayments or simply withdraw the funds.

Benefits

No flat rates here! We offer an interest rate that is unique to your circumstance. Meaning borrowers with a good credit history get rewarded with better rates and borrowers with recently improved credit performance are given a second chance on repaying a loan and improving their credit rating.

Obtain a free, no obligation rate quote in just minutes, with no impact to your credit score. You can instantly review the loan offer you qualify for, and if you’re happy with the loan offer click ‘Proceed to Apply’ to finalise your application in minutes.

We charge no prepayment fees or early exit fees, meaning you can prepay your loan at any time to eliminate future interest charges at no extra cost. We only charge one simple establishment fee when you receive your funds which is added to your loan amount, hence requiring no upfront cash payment for you.

Borrow up to 7 years and reduce the amount of your loan repayments. What’s more, we take the stress and hassle out of managing your loan as all repayments are made via direct debit and you can align your repayments with when you get paid.

Login to your own personal account profile to see updates on when your next repayment’s due, how much of the loan is outstanding, view account statements, or change your contact details.

Process

In a few minutes see what rate you would receive. It’s that easy and its free.

We’ll notify you in under a minute if you have been conditionally approved. We will then email you if we require any additional information.

Take 5 minutes to complete a simple 100% online application and if eligible review your loan offers.

Once you have been notified via email and SMS that your loan has been approved. You can accept the Loan Offer by simply clicking ‘I Accept’ under the ‘Overview’ tab in your OurMoneyMarket Account.

We take the hassle out of managing your loan with automated weekly, fortnightly or monthly repayments direct debited from your nominated bank account.

Process

In a few minutes see what rate you would receive. It’s that easy and its free.

Take 5 minutes to complete a simple 100% online application and if eligible review your loan offers.

We’ll notify you in under a minute if you have been conditionally approved. We will then email you if we require any additional information.

Once you have been notified via email and SMS that your loan has been approved. You can accept the Loan Offer by simply clicking ‘I Accept’ under the ‘Overview’ tab in your OurMoneyMarket Account

We take the hassle out of managing your loan with automated weekly, fortnightly or monthly repayments direct debited from your nominated bank account.

or retrieve an existing quote
This won’t impact your credit score