Choose the version of this loan that suits you best
| Loan type | Name | Min loan amount | Max loan amount | |
|---|---|---|---|---|
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|
Fixed | Low Rate Personal Loan (Excellent Credit) (Fixed, Unsecured) | $2,001 | $75,000 |
|
|
Fixed | Low Rate Personal Loan (Very Good Credit) (Fixed, Unsecured) | $2,001 | $75,000 |
|
|
Fixed | Low Rate Personal Loan (Good Credit) (Fixed, Unsecured) | $2,001 | $75,000 |
|
|
Fixed | Low Rate Personal Loan (Average Credit) (Fixed, Unsecured) | $2,001 | $75,000 |
|
|
Fixed | Low Rate Personal Loan (Below Average Credit) (Fixed, Unsecured) | $2,001 | $75,000 |
With competitive fixed rates starting at 6.57% p.a. (7.19% p.a. comparison rate*) on loans over $2,000 and up to $75,000, plus free extra repayments and a fee-free redraw facility, the OurMoneyMarket Low Rate Personal Loan could be just what you need to fund your wedding, home renovations and even your dream holiday.
Plus, high credit score customers will be interested to know that OMM's Low Rate Personal Loan (excellent credit) option took a win in the 2024 Mozo Experts Choice Awards for personal loans in the Excellent Credit Unsecured Personal Loan category.
The OurMoneyMarket Low Rate Personal Loan offers a competitive fixed rates from 6.57% p.a. (7.19% p.a. comparison rate*) on loans over $2,000 and up to $75,000.
There are loads of great features up for grabs, like free extra repayments so you can pay your loan off as quickly as you’d like without any penalty for it! Not to mention a fee-free redraw facility, which is handy just in case you ever need some extra money to fall back on in case of any unexpected expense or bill.
The OurMoneyMarket Low Rate Personal Loan is an unsecured loan, so you won’t need to worry about putting up your car or other valuable assets as security. And if you’re after flexibility, you’ll be pleased to find that this loan offers a choice of either weekly, fortnightly or monthly loan repayments, with loan terms ranging from 1 to 7 years.
An establishment fee of at least $250 is added to the principal amount and paid over the loan term, but the exact fee can vary based on the loan amount and your rating with OurMoneyMarket.
If you’re an Aussie with a high credit score, you’ll get to enjoy the reward of a super low rate with the OurMoneyMarket Low Rate Personal Loan. By the same token, for those looking to save even more there are minimal fees to worry about as well as flexible repayment options, with the ability to pay off the loan ahead of time.
While there are no service, exit or early repayment penalties, the OurMoneyMarket Low Rate Personal Loan does have a $250 (minimum) upfront fee and a $35 late payment fee, so remember to budget for the application fee and avoid late payments.
|
Fixed |
|
|
6.57% p.a.to 8.48% p.a. fixed |
|
|
7.19% p.a.to 8.84% p.a.based on $30,000 |
|
$250.00 |
|
|
$0.00 |
|
|
$35.00 |
|
|
$0.00 |
|
|
$0.00 |
|
$2,001.00 |
|
|
$75,000.00 |
|
|
1 Year |
|
|
7 Years |
|
|
Unsecured |
|
- |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes |
|
|
yes |
|
|
Rate for Excellent Credit. Establishment fee varies from $250 and is based on your OurMoneyMarket loan grade and total loan amount. The fee is added to the principal amount and paid over the loan term. |
|
|
none |
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.
|
Fixed |
|
|
8.49% p.a.to 11.19% p.a. fixed |
|
|
8.85% p.a.to 11.56% p.a.based on $30,000 |
|
$250.00 |
|
|
$0.00 |
|
|
$35.00 |
|
|
$0.00 |
|
|
$0.00 |
|
$2,001.00 |
|
|
$75,000.00 |
|
|
1 Year |
|
|
7 Years |
|
|
Unsecured |
|
- |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes |
|
|
yes |
|
|
Rate for Very Good Credit. Establishment fee varies from $250 and is based on your OurMoneyMarket loan grade and total loan amount. The fee is added to the principal amount and paid over the loan term. |
|
|
none |
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.
|
Fixed |
|
|
11.20% p.a.to 14.64% p.a. fixed |
|
|
11.68% p.a.to 15.13% p.a.based on $30,000 |
|
$325.00 |
|
|
$0.00 |
|
|
$35.00 |
|
|
$0.00 |
|
|
$0.00 |
|
$2,001.00 |
|
|
$75,000.00 |
|
|
1 Year |
|
|
7 Years |
|
|
Unsecured |
|
- |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes |
|
|
yes |
|
|
Rate for Good Credit. Establishment fee varies from $250 and is based on your OurMoneyMarket loan grade and total loan amount. The fee is added to the principal amount and paid over the loan term. |
|
|
none |
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.
|
Fixed |
|
|
14.65% p.a.to 20.99% p.a. fixed |
|
|
15.26% p.a.to 21.64% p.a.based on $30,000 |
|
$400.00 |
|
|
$0.00 |
|
|
$35.00 |
|
|
$0.00 |
|
|
$0.00 |
|
$2,001.00 |
|
|
$75,000.00 |
|
|
1 Year |
|
|
7 Years |
|
|
Unsecured |
|
- |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes |
|
|
yes |
|
|
Rate for Average Credit. Establishment fee varies from $250 and is based on your OurMoneyMarket loan grade and total loan amount. The fee is added to the principal amount and paid over the loan term. |
|
|
none |
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.
|
Fixed |
|
|
20.99% p.a. fixed |
|
|
23.84% p.a.based on $30,000 |
|
$600.00 |
|
|
$0.00 |
|
|
$35.00 |
|
|
$0.00 |
|
|
$0.00 |
|
$2,001.00 |
|
|
$75,000.00 |
|
|
1 Year |
|
|
7 Years |
|
|
Unsecured |
|
- |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes |
|
|
yes |
|
|
Rate for Below Average Credit. Establishment fee varies from $250 and is based on your OurMoneyMarket loan grade and total loan amount. The fee is added to the principal amount and paid over the loan term. |
|
|
none |
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.
Low Rate Personal Loan
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
Unsecured Personal Loan
6.75% p.a.to 26.95% p.a.
6.75% p.a.to 26.95% p.a.based on $30,000
over 5 years
Unsecured Personal Loan
5.76% p.a.to 24.03% p.a.
6.55% p.a.to 24.98% p.a.based on $30,000
over 5 years
Unsecured Personal Loan (Fixed)
6.57% p.a.
6.57% p.a.based on $10,000
over 3 years
Debt Consolidation
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
Standard Personal Loan (Unsecured)
8.99% p.a.
9.35% p.a.based on $30,000
over 5 years
Home Renovation
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
Personal Loan (Secured)
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
Clean Green Car Loan
7.29% p.a.
8.41% p.a.based on $30,000
over 5 years
Unsecured Personal Loan
5.76% p.a.to 24.03% p.a.
6.55% p.a.to 24.98% p.a.based on $30,000
over 5 years
Unsecured Personal Loan
6.75% p.a.to 26.95% p.a.
6.75% p.a.to 26.95% p.a.based on $30,000
over 5 years
Low Rate Personal Loan
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
Debt Consolidation
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
Unsecured Personal Loan (Fixed)
6.57% p.a.
6.57% p.a.based on $10,000
over 3 years
Home Renovation
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
Low Rate Personal Loan
8.49% p.a.to 11.19% p.a.
8.85% p.a.to 11.56% p.a.based on $30,000
over 5 years
Unsecured Personal Loan (Fixed)
7.99% p.a.to 8.99% p.a.
7.99% p.a.to 10.65% p.a.based on $10,000
over 3 years
Unsecured Personal Loan
5.76% p.a.to 24.03% p.a.
6.55% p.a.to 24.98% p.a.based on $30,000
over 5 years
Unsecured Personal Loan
6.75% p.a.to 26.95% p.a.
6.75% p.a.to 26.95% p.a.based on $30,000
over 5 years
Low Rate Personal Loan
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
Unsecured Personal Loan
6.75% p.a.to 26.95% p.a.
6.75% p.a.to 26.95% p.a.based on $30,000
over 5 years
Unsecured Personal Loan
5.76% p.a.to 24.03% p.a.
6.55% p.a.to 24.98% p.a.based on $30,000
over 5 years
Standard Personal Loan (Unsecured)
8.99% p.a.
9.35% p.a.based on $30,000
over 5 years
Unsecured Personal Loan (Fixed)
6.57% p.a.
6.57% p.a.based on $10,000
over 3 years
Low Rate Personal Loan
8.49% p.a.to 11.19% p.a.
8.85% p.a.to 11.56% p.a.based on $30,000
over 5 years
Unsecured Personal Loan (Fixed)
7.99% p.a.to 8.99% p.a.
7.99% p.a.to 10.65% p.a.based on $10,000
over 3 years
