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MoneyPlace Unsecured Personal Loan (Fixed)

Advertiser disclosure
Interest rate from
5.95% 26.99% p.a.
Comparison rate from
5.95% 28.6% p.a.based on $30,000
over 5 years
Upfront fee

Mozo editorial review MoneyPlace Unsecured Personal Loan (Fixed) - last updated: 14 October 2021

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What's hot
  • Fixed rates starting from 5.95% (5.95% comparison rate*)
  • $0 upfront and ongoing fees
  • Extra repayments facility
What's not
  • Low rates only available to creditworthy borrowers
Mozo snapshot

Sick of paying sky high interest rates? Well if you're a creditworthy borrower, taking out a personal loan with a peer to peer lender like MoneyPlace could be just for you. Rates start from a super low 5.95% (5.95% comparison rate*), there are $0 upfront or ongoing fees and the loan also comes with flexible features like an extra repayments facility, so you can pay out your loan early if you come into extra cash. 

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Key features

With MoneyPlace's Unsecured Personal Loan, the interest rate you receive will depend on your credit report, with those with excellent credit ratings receiving the best rate of 5.95% (5.95% comparison rate*) and no upfront or ongoing fees. And because the rate is fixed for the life of the loan, you'll be protected against any rate rises. 

As the loan is unsecured, you don't have to put up an asset as security and you can choose a loan amount from $5,000 to $80,000 and a term between 3, 5 and 7 years. 

On top of its low cost offering, you'll also have the opportunity to make additional payments on your loan thanks to the extra repayments facility. But keep in mind, after you've made those extra repayments you won't be able to access them, as there is no redraw facility is available. Unlike many fixed rate loans that come with a break cost fee if you pay out the loan early, with MoneyPlace's Unsecured Personal Loan you're free from the bite of exit and early repayment fees. 

And to help you manage your repayments better, you'll be able to choose a monthly, weekly or fortnightly repayment schedule.

Who is it good for

MoneyPlace's Unsecured Personal Loan is perfect for a borrower looking for a low cost loan alternative to the big banks in Australia. 

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Any catches

The competitive low rate of 5.95% (5.95% comparison rate*) and $0 application and ongoing fees is only available to creditworthy borrowers. So if your credit report is in the red, you'll be looking at a higher rate up to 26.99% (28.60% comparison rate*) and may also be charged upfront and ongoing fees. 


Rates and fees information correct as at 16 May 2022. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.


5.95% 26.99% p.a. fixed

5.95% 28.6% p.a.based on $30,000
over 5 years







Other financial bits



3 Years

7 Years






Interest rate and establishment fee vary according to an individuals credit history. Rates and fees shown are for an Excellent Credit borrower.


WARNING: The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. 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.

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