Why choose Money Place

Benefits

  • Lower rate for customers with good credit history
  • No ongoing fees
  • No early repayment fees

Drawbacks

  • Online-only - No branch access
  • Upfront fees

Money Place Personal Loans

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Provider
Total repayments
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Australian Credit Licence 466327Fees & charges apply

7.24%

up to 9.39%

7.24%

up to 10.31%

$597

$35,846

  • 3 to 7 years
  • Unsecured
  • Fixed Rate
  • No ongoing fees
More details

Australian Credit Licence 466327Fees & charges apply

Australian Credit Licence 466327Fees & charges apply

6.66%

up to 9.01%

7.09%

up to 10.02%

$589

$35,354

  • 3 to 7 years
  • Secured
  • Fixed Rate
  • No ongoing fees
More details

Australian Credit Licence 466327Fees & charges apply

Australian Credit Licence 466327Fees & charges apply

9.01%

up to 11.51%

9.95%

up to 12.83%

$623

$37,374

  • 3 to 7 years
  • Secured
  • Fixed Rate
  • No ongoing fees
More details

Australian Credit Licence 466327Fees & charges apply

Australian Credit Licence 466327Fees & charges apply

9.79%

up to 11.99%

10.72%

up to 13.23%

$634

$38,059

  • 3 to 7 years
  • Unsecured
  • Fixed Rate
  • No ongoing fees
More details

Australian Credit Licence 466327Fees & charges apply

Personal Loans calculator

Use our personal loan calculator to see how much you’d have to repay under different borrowing scenarios.

$

Your estimated repayments

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based on a $30,000 loan for 5 years at 6.66%

Total loan repayments

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Total interest charged

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Features of a MoneyPlace personal loan

MoneyPlace offers borrowers access to an unsecured personal loan for various purposes, including to pay for a car, holiday, medical bills, debt consolidation, home improvement and weddings.

MoneyPlace offers personalised interest rates, which means borrowers get different interest rates, depending on their credit history, credit score, employment status, cash flow and loan amount.

MoneyPlace personal loans are available for loan terms of three, five or seven years, and borrowers can borrow between $5,000 and $50,000. MoneyPlace doesn’t charge ongoing fees or early payout fees, however borrowers will need to pay an application fee, which is added to the loan amount.

MoneyPlace personal loans can be used for a range of different purposes including:

  • Debt consolidation
  • Renovations
  • Car
  • Holidays
  • Medical bills
  • Weddings
  • Motorcycles

MoneyPlace personal loans customer service

MoneyPlace doesn’t have any branches, but you can apply online for a personal loan. You can also contact them via email or over the phone:

  • Online enquiry
  • Email
  • Phone, Monday to Friday, 9:00am – 5:00pm (AEST)

Who is eligible for a MoneyPlace personal loan?

To be eligible for a loan from MoneyPlace, there are some basic eligibility requirements. You must: 

    • Be applying as an individual (no joint applications, or applications in your company or business name)
    • Be a citizen or permanent resident of Australia and currently residing in Australia
    • Be earning an income of at least $20,000 per year (you cannot be earning the majority of your income from Government benefits)
    • Be at least 18 years of age
    • Not have any outstanding defaults, court judgements, writs, or bankruptcies
    • Not currently be late in paying any existing debts or bills

If you are self-employed, you must also:

  • Have been trading for at least 2 years
  • Provide the previous financial year's tax return, that shows income has been paid to you from your business, and the notice of assessment
  • Be borrowing for predominantly personal or personal investment purposes

How to apply for a MoneyPlace personal loan?

Borrowers can apply online for a MoneyPlace personal loan through their website. The application process takes around 10 minutes to complete and involves the following steps:

  • Get a free online quote and calculate your interest rate estimate – this will not affect your credit score.
  • Apply for a personal loan online
  • MoneyPlace will take less than one business day to assess your application and will be in contact if any additional information is needed
  • Once approved and you’ve accepted your loan offer, the funds will usually come through the next business day or sooner.

At the time of application, you’ll need to provide the following documentation:

  • Proof of identity
  • Details of income and employment
  • Details of any other financial commitments

MoneyPlace personal loans review

MoneyPlace is an online provider of personal loans for a variety of purposes including debt consolidation, car loans, home improvement, medical treatments, holidays and weddings.

All MoneyPlace personal loans are unsecured, which means borrowers don’t need to provide security. MoneyPlace personal loans are available for terms of three, five or seven years, and borrowers can borrow between $5,000 to $50,000. It’s worth noting that the maximum loan amount may change depending on various factors, including your credit history.

MoneyPlace offers personalised interest rates, which means different interest rates apply to different borrowers, depending on their credit history, credit score, employment status, cash flow and loan amount.

MoneyPlace personal loans have no hidden costs and don’t come with any ongoing fees, account-keeping fees or early repayment fees. Borrowers pay a one-off establishment fee, which is added to the loan amount.

Depending on your credit history, this personal loan may not offer the most competitive interest rates. Before applying for any personal loan, always do your research and compare your personal loan options to make sure you’re getting a loan that suits your budget, needs and lifestyle.

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^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, target market determination fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.