6.5/10

Based on 4 OurMoneyMarket product reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.

OurMoneyMarket personal loans

OurMoneyMarket is an innovative online financial marketplace for borrowing and investing money. In line with their “credit, where credit’s due” motto, OurMoneyMarket offers a range of low-rate personal loans designed to reward borrowers with a good credit score with better rates and give borrowers with a little more room for improvement on their credit, reports a second chance.

With personal loans for debt consolidation, cars, holidays, weddings, home renovations, education and medical/cosmetics, it’s safe to say that OurMoneyMarket has a personal loan solution suited to just about everyone. To top it all off, OurMoneyMarket also won a 2024 Mozo Experts Choice Award for Best Unsecured Personal Loan and Excellent Credit Secured Personal Loan.

OurMoneyMarket offers the following personal loans

Rates and fees verified as correct at 14 July 2024. Other information correct at the time of writing. Advertiser disclosure.
Product Interest rate from Comparison rate from Upfront fee  
Low Rate Personal Loan (Average Credit) (Fixed, Unsecured)

14.65% p.a.to 18.99% p.a.

15.26% p.a.to 19.62% p.a.based on $30,000
over 5 years

$400.00

Go to site
Low Rate Personal Loan (Excellent Credit) (Fixed, Unsecured)

6.57% p.a.to 8.48% p.a.

7.19% p.a.to 8.84% p.a.based on $30,000
over 5 years

$250.00

Go to site
Low Rate Personal Loan (Good Credit) (Fixed, Unsecured)

11.20% p.a.to 14.64% p.a.

11.68% p.a.to 15.13% p.a.based on $30,000
over 5 years

$325.00

Go to site
Low Rate Personal Loan (Very Good Credit) (Fixed, Unsecured)

9.14% p.a.to 11.19% p.a.

9.50% p.a.to 11.56% p.a.based on $30,000
over 5 years

$250.00

Go to site
New Car Loan (Fixed, Secured)

6.57% p.a.to 18.99% p.a.

7.19% p.a.to 21.78% p.a.based on $30,000
over 5 years

$250.00

Go to site
Secured Personal Loan (Fixed)

6.57% p.a.to 18.99% p.a.

7.19% p.a.to 19.39% p.a.based on $30,000
over 5 years

$250.00

Used Car Loan (Fixed, Secured, No vehicle age limit)

6.57% p.a.to 18.99% p.a.

7.19% p.a.to 21.78% p.a.based on $30,000
over 5 years

$250.00

Go to site

OurMoneyMarket Personal Loan Overview

Tier-based fixed rate unsecured personal loan:

The unsecured OurMoneyMarket Low Rate Personal Loan offers competitive fixed rates on loans over $2,000 and up to $50,000, with different rate tiers depending on your credit score.

So, if you're an Aussie with a high credit score, you'll get to enjoy some hot rates! On the other hand, if you're working hard to improve the shape of your credit report, OurMoneyMarket is all for giving second chances, but your rate will be higher the lower your credit health.

Car loan:

OurMoneyMarket also offers a fixed car loan option. Customers can borrow between $2,000 and $75,000 to fund the purchase of a new or used vehicle. There is a range of loan terms from 1 to 7 years, as well as the option to make weekly, fortnightly, or monthly repayments and free extra repayments. 

There are minimal fees attached to this loan; just be mindful of the upfront application cost. 

OurMoneyMarket personal loan features at a glance

  • Repayment flexibility: Taking out a Low-Rate Personal Loan or Car Loan with OurMoneyMarket means you have a say in when you make your loan repayments. With the choice of weekly, fortnightly or monthly loan repayments, OurMoneyMarket allows you to find an option that suits your lifestyle.
  • Extra repayment facility: One of the great things about taking out a loan with OurMoneyMarket is that it comes with a free extra repayment facility, meaning you can pay off your loan as quickly as you'd like without being penalised.
  • Redraw facility: On top of a fee-free extra repayment facility, with the OurMoneyMarket Low Rate Personal Loan, you'll have the freedom to dip into any extra loan repayments you've made should you ever need money to cover any unexpected or emergency expenses. The car loan options do not have this feature. 

How do you apply for an OurMoneyMarket personal loan?

So you've decided to go ahead with an OurMoneyMarket personal loan? Great choice! Apply with these 3 easy steps:

  1. Request a free quote online: It won't cost you your money OR your credit score!
  2. 5-minute application: Fill out an online application in as little as 5 minutes
  3. 1-minute decision: After you submit your application, it goes through OurMoneyMarket's credit assessment technology, giving you the outcome of your loan application in less than a minute.

How are OurMoneyMarket personal loans rated?

Mozo users have rated OurMoneyMarket personal loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of personal-loans
OurMoneyMarket personal loans customer reviews
Overall
8.3/10
Price
8.7/10
Features
6.7/10
Customer service
8.3/10
Convenience
6.7/10
Trust
8.3/10
Based on 3 OurMoneyMarket product reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

Recent OurMoneyMarket personal loan reviews

OurMoneyMarket Low Rate Personal Loan
Overall 7/10
Quick loan settlement

Our loan went through quite quickly and with no problems, there are no monthly fees but we did pay an extremley high initial admin fee of $1300 on a 40,000 loan.

Read full review

Our loan went through quite quickly and with no problems, there are no monthly fees but we did pay an extremley high initial admin fee of $1300 on a 40,000 loan.

Price
8/10
Features
3/10
Customer service
5/10
Convenience
3/10
Trust
6/10
Less
Rachel, New South Wales, reviewed 5 days ago
OurMoneyMarket Low Rate Personal Loan
Overall 10/10
So quick and easy!

I was super impressed by the speed of the process, I filled in their online application form and then was approved straightaway. They gave me a call and then I had the money next day. How good!

Read full review

I was super impressed by the speed of the process, I filled in their online application form and then was approved straightaway. They gave me a call and then I had the money next day. How good!

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Kevin, New South Wales, reviewed 4 months ago
OurMoneyMarket Personal Loan
Overall 8/10
Friendly and great communication

OurMoneyMarket have been really wonderful to deal with so far. They were efficient with providing rates suitable to my needs, and they enabled me to easily consolidate my car loan for a reduced rate whilst I applied for a renovation loan. On top of this, they automatically aligned my payments with my paydays so that I didn't have to do this myself. Their downfall is in having an good platform for customers to monitor their loans and make additional repayments. The customer account will only allow one account to be linked to one email - so I can only view either my Car loan OR my Renovation loan; unless I have a separate email address and create another account. I have found the online account to also glitch when your trying to use it. A real pest, however, communication with their teams has been smooth and EASY. They are quick to respond via email and have virtually no wait time over the phone. So this makes accessing your accounts not so difficult anyway. I would recommend OurMoneyMarket if you're looking for a company who values communication with their customers.

Read full review

OurMoneyMarket have been really wonderful to deal with so far. They were efficient with providing rates suitable to my needs, and they enabled me to easily consolidate my car loan for a reduced rate whilst I applied for a renovation loan. On top of this, they automatically aligned my payments with my paydays so that I didn't have to do this myself. Their downfall is in having an good platform for customers to monitor their loans and make additional repayments. The customer account will only allow one account to be linked to one email - so I can only view either my Car loan OR my Renovation loan; unless I have a separate email address and create another account. I have found the online account to also glitch when your trying to use it. A real pest, however, communication with their teams has been smooth and EASY. They are quick to respond via email and have virtually no wait time over the phone. So this makes accessing your accounts not so difficult anyway. I would recommend OurMoneyMarket if you're looking for a company who values communication with their customers.

Price
8/10
Features
7/10
Customer service
10/10
Convenience
7/10
Trust
9/10
Less
Clare, New South Wales, reviewed about 3 years ago
See all personal loan reviews
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.
Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers.

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