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MoneyPlace Personal loan reviews

Overall rating
Price
Features
Customer service
Convenience
Trust
Based on 5 personal loan reviews as rated by the Mozo community.

Recent MoneyPlace personal loan customer reviews

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  • MoneyPlace Unsecured Personal Loan (Fixed)

    Get ready to be treated like a criminal

    I have a Money Place loan I settled using the payment details they provided me. This was settled as part of a mortgage topup and the settlement was done by the mortgagee solicitors. Two weeks later I get another debit from my account. I have spent 2 hours in phone calls trying to confirm if Money Place have the funds in a trust or holding account as its not applied to my loan. I have called them 4 times and spent over 2 hours on hold and in calls only to be advised on my most recent call that I have to prove to them the loan was paid. All they needed to do was take 5mins to check their trust account and confirm the funds are there or not but instead its up to me to run around and prove something that could have been resolved on the first call. I wouldn't recommend using them if you are looking for a great product and excellent customer service.

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    Barend, Western Australia, reviewed 5 months ago
  • MoneyPlace Personal Loan

    Watch out!

    Disgusted at the way I was treated by MoneyPlace during the pandemic when I missed a couple of payments after years of never missing a payment! Was going through a legitimately difficult time and provided evidence of my low income but they refused to be lenient at the time and instead bombarded me with text messages and emails from ecoll. Despicable really. Will never recommend to anyone. They are nice at first then become ruthless, plus the very high interest is robbery of the poor.

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    Alex, New South Wales, reviewed over 1 year ago
  • MoneyPlace Unsecured Personal Loan (Fixed)

    Beware of this company

    MoneyPlace wanted me to deposit money in their account to approve a personal loan.

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    Less
    Cheryle, Western Australia, reviewed almost 2 years ago
    Reply from MoneyPlace

    Hi Cheryle,

    It sounds like you may have had a bad experience with another lender or been the recipient with a fraudulent email. MoneyPlace has never asked our applicants to deposit money to approve a personal loan.

    We would love the opportunity to follow this up with you. If you could please reach out to us on 1300 008 003 or via email at borrow@moneyplace.com.au it would be greatly appreciated.

  • MoneyPlace Unsecured Personal Loan (Fixed)

    Flexible towards my personal needs.

    Have been very flexible with all my loan needs. Have been very happy with the service that I have received.

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    James, Victoria, reviewed almost 2 years ago
  • MoneyPlace Unsecured Personal Loan (Fixed)

    Pretty basic

    Low interest rates and friendly staff.

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    Less
    Yavanna, Western Australia, reviewed over 3 years ago
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    Personal loan comparisons on Mozo - rates updated daily

    • Low Rate Personal Loan

      interest rate
      5.45% p.a.to 8.48% p.a.
      comparison rate
      6.07% p.a.to 8.84% p.a.based on $30,000
      over 5 years

      Repayment terms from 1 year to 7 years. Representative example: a 5 year $30,000 loan at 5.45% would cost $34,590.57 including fees.

      Promoted
    • Unsecured Personal Loan

      interest rate
      5.35% p.a.to 19.09% p.a.
      comparison rate
      6.14% p.a.to 19.99% p.a.based on $30,000
      over 5 years

      Repayment terms from 3 years to 7 years. Representative example: a 5 year $30,000 loan at 5.35% would cost $34,832.61 including fees.

      Promoted
    • Home Improvement Loan

      interest rate
      5.75% p.a.
      comparison rate
      5.96% p.a.based on $30,000
      over 5 years

      Repayment terms from 1 year to 7 years. Representative example: a 5 year $30,000 loan at 5.75% would cost $34,840.18 including fees.

      Promoted
    • Personal Loan

      interest rate
      6.39% p.a.to 7.89% p.a.
      comparison rate
      6.39% p.a.to 8.49% p.a.based on $30,000
      over 5 years

      Repayment terms from 3 years to 5 years. Representative example: a 5 year $30,000 loan at 6.39% would cost $35,126.40 including fees.

      Promoted
    • Unsecured Personal Loan

      interest rate
      5.95% p.a.to 17.45% p.a.
      comparison rate
      6.79% p.a.to 17.86% p.a.based on $30,000
      over 5 years

      Repayment terms from 3 years to 5 years. Representative example: a 5 year $30,000 loan at 5.95% would cost $35,352.21 including fees.

      Promoted

    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.

    Want more? Compare all 225 personal loans in the Mozo comparison engine.

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