The Mozo Rate Matcher is a free tool designed to help you get loan approval.
First we check your credit score via our partner Equifax (don’t worry, this doesn’t show up on your credit report). Our smart comparison engine then matches your results to lenders in our database who are ready to fund your loan.
Your credit score is just one factor that a lender considers, so using our tool isn’t a guarantee you’ll get loan approval, but our results will give you greater confidence in applying.
Our service is free and rest assured that your personal information is secure. We do not retain your information.
Learn more with our FAQs.
We run a free credit check that won't show up on your credit report
We show you tailored rates on eligible personal loans
You can apply immediately for the loan of your choice
Many lenders in Australia now offer personalised interest rates and have a system of risk-based pricing. Your credit score is used as a factor in determining risk. Generally, the better your credit score, the lower the interest rates available.
Mozo has partnered with Equifax, who is a leading provider of credit information and analysis in Australia, to help power our Rate Matcher tool.
We need this information to confirm your identity with Equifax so that we can get an accurate assessment of your credit score.
Yes, we connect to Equifax via a secure feed. We do not store your personal details.
Yes, this is the benefit of using our tool prior to making a loan application.
Rate Matcher takes into consideration your desired loan amount and credit score if you were to be approved for that loan amount. It then matches this score to the interest rate bands that lenders have indicated to us are available for that credit score.
No, Rate Matcher is not a credit score report service and we do not reveal your actual credit score. Our tool uses your credit score to see what personal loans you may qualify for.
In the time that it takes you to read this sentence, you could have a list of lenders who are keen to help you.
Once you’ve compared your loan options and found a lender that might best suit you, you can apply immediately. We connect you directly so that you can start your application.
This really depends on the lender but many online providers offer same day approval. Be sure that you have additional information at the ready such as payslips, ID and contact details so that you can complete your application on the spot.