Money3 is an Australian non-bank personal loan lender and operates out of a head office in Victoria.
Money3 started operating in 2000, lending money in the form of personal loans and car loans to both employed and unemployed people in different financial circumstances. It also provides personal loans for Australians who have bad credit or who are on Centrelink benefits.
Money3 is listed on the Australian Securities Exchange.
Money3 personal loan repayment calculator
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Money3 personal loans rates
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based on $5,000 loan amount for 2 years
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Features of a Money3 personal loan
Money3 provides unsecured and secured personal loans of up to $12,000 for a personal loan and $50,000 for a car loan. Borrowers can pay it off over a maximum loan term of two years.
This lender may charge various fees and charges on its personal loans including establishment fees, ongoing fees, late fees and redraw fees. There are no penalty fees for early repayment.
Money3’s personal loan rates may vary depending on your credit history, but even its lowest rates are high when compared with other options on the market.
Borrowers can use a Money3 personal loan for many uses including:
- Car repairs
- Medical expenses
- Holidays and travel
- Educational expenses
Money3 personal loans – customer service
Customers can contact Money3 by phone, online enquiry and live online chat. Money3 phone lines are in operation from 9am to 7.15pm (EST) on weekdays.
If customers cannot make a call in those hours, they can also request a call-back from Money3.
Who is eligible for a Money3 personal loan?
- Must be over the age of 18.
- Must be an Australian resident.
- Must earn a take-home income of at least $400 per week.
- Income must be paid into your account.
- Not currently bankrupt
How to apply for a Money3 personal loan?
The application process only takes five to 10 minutes and can be done through the Money3 website.
- Select loan range and loan purpose.
- Click ‘Apply Now’ on their website.
- Complete the application form.
- Submit the online application.
- Wait for a response.
Money3 personal loans review
Money3 provides personal loans suitable for those with poor credit history, those who have been bankrupt before and those on Centrelink benefits.
Personal loan customers can borrow up to $12,000, with a maximum term of two years.
Money3 may charge various fees, including an establishment fee, ongoing fees redraw fees and late fees, so if you are applying for a Money3 personal loan, it’s best to read the contract carefully. However, Money3 customers can pay their loan early without penalty.
Money3’s interest rates are high compared with other personal loan lenders. As such, most borrowers with a positive credit record are likely to find that other lenders may have lower interest rates.
If you’re looking for the best personal loan rates for you, it’s worthwhile to compare personal loan rates from several different lenders.
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