Highest rated loans

Company

MoneyPlace offers a better way of getting a personal loan. MoneyPlace focuses on fairer interest rates, an intuitive customer experience, and happier customers. As a marketplace lender, MoneyPlace connect investors and borrowers through an efficient, online marketplace. Instead of attracting deposits from customers, and borrowing money from domestic and overseas financial markets like banks do, MoneyPlace believes in Australians helping other Australians.

Interest

6.95 - 26.99 %

Representative example

For a 5-year unsecured loan of $15,000 at 10.99% p.a. (12.25% comparison rate), the total amount payable over the course of the loan would be $20,256, which includes interest of $4,731 and an establishment fee of $525.

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

Age restriction

You must be at least 18 years old.

Requirements

• Be applying as an individual (no joint applications)
• 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
• Not have any court judgements, writs, or bankruptcies
• Not currently in collections for any existing debts
• Have no more than three active payday loans at the time of application

Documents

• Passport or other international travel document (current or expired within the last 2 years, but not cancelled);
• Drivers licence issued by an Australian State or Territory;
• Government issued Proof of Age Card;

Registration number

Money Place Assets Pty Ltd ABN 64 601 045 578

Office hours

Monday to Friday 9:00am – 5:00pm (AEDT)

Address

Level 17, 31 Queen St, Melbourne, Australia 3000

Additional information

E-mail: info@moneyplace.com.au
Phone: 1300 008 003