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MoneyPlace Unsecured Personal Loan
You can borrow up to $80,000 from this non-bank lender, with interest rates customized to your credit profile—ranging from 6.55% to 19.99%.
Three Key Features of This Loan:
Fixed interest rates – Predictable repayments for the entire loan term.
Quick rate estimate – Get a personalised quote in two minutes with no impact on your credit score.
No monthly fees – Only a one-time establishment fee may apply, capped at $950.
Interest Rate (p.a.)
6.55%
to 19.99%
Comp. Rate (p.a.)
6.55%
to 21.49%
Min Loan Amount
$5,000
Pros.
Personalized, competitive rates
No collateral needed
Get a rate estimate before you apply
Cons.
Limited flexibility in loan terms
Details
Product Details
Product Name
MoneyPlace Unsecured Personal Loan
Interest Rate (p.a.)
6.55%
to 19.99%
Comp. Rate (p.a.)
6.55%
to 21.49%
Interest Rate Type
Fixed
Min Loan Amount
$5,000
Max. Loan Amount
$80,000
Loan Security
Unsecured
How MoneyPlace Unsecured Personal Loan Works?
MoneyPlace offers unsecured personal loans that can be used for a variety of personal needs. Since the loan is unsecured, no collateral is required. The interest rate is customised based on your credit profile, with rates starting from 6.55% p.a. for borrowers with strong credit histories. You can check your estimated rate upfront without affecting your credit score. As a marketplace lender, MoneyPlace connects approved borrowers with private investors who fund the loans through its personal loan marketplace.
Eligibility criteria
To qualify, you must:
Be at least 18 years old
Be an Australian citizen or permanent resident
Have a minimum annual income of $20,000, with most of it not sourced from Centrelink
Apply as an individual (joint applications are not accepted)
Have a good credit history, with no unpaid defaults, court judgements, writs, or bankruptcies
Not be currently in collections for any unpaid debts
If self-employed, you must have been operating your business for at least two years and not be applying for business-related purposes
How to Apply
Features of this loan
MoneyPlace Loan Features and Benefits:
This personal loan from MoneyPlace offers a range of useful features, including:
Flexible loan use – Suitable for a variety of purposes such as buying a new or used car, consolidating existing personal loan or credit card debt, funding a holiday or wedding, or covering medical expenses.
Loan amounts – Borrow anywhere from $5,000 to $80,000.
Loan terms – Choose a repayment term of 3, 5, or 7 years to suit your financial needs.
Reward for good credit – Interest rates are tailored to your credit profile, starting from a competitive 6.55% p.a. for applicants with excellent credit.
Instant rate estimate – Get a personalised rate estimate in minutes without impacting your credit score, just by entering a few details on the MoneyPlace website.
Fast, online process – Apply in around 10 minutes entirely online, with no need for paper documentation.
No early repayment fees – You can repay your loan early at any time without incurring any penalties.