Important disclosure

OurMoneyMarket Services Pty Ltd

Low Rate Personal Loan Unsecured (Average Credit)

Real Time Rating™

  • 1 to 7 years
  • Unsecured
  • Fixed Rate
  • Instant approval
Interest Rate

15.49%

p.a

up to 20.99%

Comparison Rate*

From

15.26%

p.a

up to 21.39%

Real Time Rating™
Tags
  • 1 to 7 years
  • Unsecured
  • Fixed Rate
  • Instant approval
Interest Rate

15.49%

p.a

up to 20.99%

Comparison Rate*

From

15.26%

p.a

up to 21.39%

Calculate your repayments for this loan

$

Your estimated repayment

$1,047

based on $30,000 loan amount for 3 years at 15.49%

Pros and cons

For Low Rate Personal Loan Unsecured (Average Credit)

Benefits

  • No ongoing fees
  • No early exit penalty
  • Flexible repayment options
  • No security required
  • Can apply online
  • Use the loan for any worthwhile purpose
  • Fast time to funding
  • Approval is instant

Drawbacks

  • Higher than average application fee
  • Cannot apply in branch

OurMoneyMarket Rate Personal loan overview

For Low Rate Personal Loan Unsecured (Average Credit)

Details

Total repayments

Interest rate type

Fixed

Borrowing range

$2k - $75k

Security type

Unsecured

Loan term

1 to 7 years

Secured by

Loan type

Is Fully Drawn Advance

Repayment frequency

Weekly, Fortnightly, Monthly

Target Market Determination

Visit OurMoneyMarket Services Pty Ltd to view Target Market Determination.

Features

Extra repayments

Yes

Redraw facility

Instant approval

Time to funding

24 hours

Fees

Upfront Fee

$250

Ongoing Fee

$0

Missed Payment Penalty

$35

Early Exit Penalty Fee

$0

Permitted Loan Purposes

New Car

Used Car

Motorcycle

Boat

Debt Consolidation

Renovation

Holidays

Medical Bill

Shares

Student Loan

Wedding

Other Restrictions

Available loan amounts range from $2,001 to $75,000, for loan terms from 1 to 7 years. Comparison rate is based on a $30,000 fixed rate loan over a 5-year term to a borrower with excellent credit. WARNING: this comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Establishment fee applies for most borrowers. Credit is subject to OurMoneyMarket's standard terms and conditions and lending criteria. The target market determination for this product is available at ourmoneymarket.com/TMD. OurMoneyMarket Lending Pty Ltd ABN 64 605 231 669 holds Australian Credit Licence No. 488228.

Promoted personal loans

Promoted

Lower Rate

Unsecured Personal Loan (Excellent Credit) (Amount > $5000)

Real Time Rating™
  • 3 to 5 years
  • Unsecured
  • Fixed Rate
  • No ongoing fees

2024 Award Winner

Interest Rate

5.76%

p.a

up to 24.03%

Comparison Rate*

From

6.55%

p.a

up to 24.99%

Promoted

Secured

Low Rate Personal Loan Secured (Excellent Credit)

Real Time Rating™
  • 1 to 7 years
  • Secured
  • Fixed Rate
  • No ongoing fees
Interest Rate

6.57%

p.a

up to 8.48%

Comparison Rate*

From

7.19%

p.a

up to 13.58%

Promoted

Generic

Low Rate Personal Loan Unsecured (Excellent Credit)

Real Time Rating™
  • 1 to 7 years
  • Unsecured
  • Fixed Rate
  • No ongoing fees

2024 Award Winner

Interest Rate

6.57%

p.a

up to 8.48%

Comparison Rate*

From

7.19%

p.a

up to 13.58%

FAQs

How long are $3000 loans?

Medium amount loans can be repaid between 16 days and 2 years. Many personal loans have terms between 1 year and 5 years, though some are as short as 6 months while others last for 10 years.

Generally, the shorter a loan’s term, the more expensive your regular repayments may be, but the less total interest you’ll pay. Loans with longer terms mean more affordable repayments, but more interest charges over the full term.