OurMoneyMarket personal loans

4.2
Based on 3 OurMoneyMarket personal loan product reviews.
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About OMM personal loans:

OurMoneyMarket (A.K.A. “OMM”) 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.

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Editor’s Pick: OurMoneyMarket Low Rate Personal Loan

Low Rate Personal Loan

  • Excellent Credit
  • $5
  • 000 - $75
  • 000
Interest rate from
6.57 % p.a.
to
8.39 % p.a.
Comparison rate from
7.19 % p.a.
to
8.75 % p.a.
Based on $30,000 over 5 years
Upfront fee
$250
Go to site

  • Mozo Experts Choice Award-Winner 2024

  • Fixed rates from 6.57% p.a. (7.19% p.a. comparison rate*)

  • Free redraw facility & extra repayments

  • No service fee

  • Minimum $250 establishment fee paid over the term of the loan

  • $35 late payment fee

Our verdict

OurMoneyMarket’s Low Rate Personal Loan is a standout option worth considering for eligible borrowers who want to be rewarded for maintaining a good credit score with competitive interest rates and flexible loan terms. 

With fixed interest rates from  6.57% p.a. (7.19% p.a. comparison rate*), no ongoing fees, and 1 to 7-year loan term options for amounts of $5,000 to $75,000, this unsecured loan is packed with value. 

The loan also comes with the ability to make free extra repayments, so you can pay your loan off as fast as you’d like without penalty. Plus, it also comes with a fee-free redraw facility, which can be useful if you ever need extra money for an unexpected expense or bill.

To top it all off, this loan received not one but two 2024 Mozo Experts Choice Personal Loans Awards for Excellent Credit Unsecured Personal Loan and Excellent Credit Secured Personal Loan.

Where do I get it? 

To learn about the OurMoneyMarket Low Rate Personal Loan features, benefits, and eligibility requirements, visit the OMMM website.

Mozo may receive payment if you click products on our site. We don’t compare the entire market, but you can compare more personal loans here.
Last updated 22 December 2024 Important disclosures and comparison rate warning*

OurMoneyMarket personal loans

  • Low Rate Personal Loan

    • Excellent Credit, $5,000 - $75,000
    Interest rate from
    6.57 % p.a.
    to
    8.39 % p.a.
    Comparison rate from
    7.19 % p.a.
    to
    8.75 % p.a.
    Based on $30,000 over 5 years
    Upfront fee
    $250
    Go to site

    Competitive low rates for borrowers with excellent credit on 1-7 year loans from $5,000 up to $75,000, plus free extra repayments. Winner of Mozo's Experts Choice Excellent Credit Unsecured Personal Loan 2024 and Excellent Credit Secured Personal Loan 2024 awards ^. Min. income of 25k after tax, to apply.

  • Low Rate Personal Loan

    • Very Good Credit, $5,000-$75,000
    Interest rate from
    8.59 % p.a.
    to
    10.49 % p.a.
    Comparison rate from
    9.95 % p.a.
    to
    10.85 % p.a.
    Based on $30,000 over 5 years
    Upfront fee
    $250
    No Partner link

  • Low Rate Personal Loan

    • Good Credit, $5,000-$75,000
    Interest rate from
    10.49 % p.a.
    to
    13.49 % p.a.
    Comparison rate from
    11.97 % p.a.
    to
    13.98 % p.a.
    Based on $30,000 over 5 years
    Upfront fee
    $325
    No Partner link

  • Low Rate Personal Loan

    • Average Credit, $5,000-$75,000
    Interest rate from
    15.99 % p.a.
    to
    18.99 % p.a.
    Comparison rate from
    17.61 % p.a.
    to
    19.62 % p.a.
    Based on $30,000 over 5 years
    Upfront fee
    $400
    No Partner link

  • Used Car Loan

    • Fixed, Secured, No vehicle age limit, $5,000-$100,000
    Interest rate from
    6.57 % p.a.
    to
    18.99 % p.a.
    Comparison rate from
    7.19 % p.a.
    to
    21.78 % p.a.
    Based on $30,000 over 5 years
    Upfront fee
    $250
    Go to site

    Get a competitive fixed interest rate on a secured used car loan of up to $100,000 depending on your credit score. No vehicle age limits. Easy online application. Fast pre-approval. Pre-approved funds held for 1 month. No monthly account keeping fees, no exit fees and no early repayment fees. Flexible weekly, fortnightly or monthly repayments on terms from 1 to 7 years.

  • New Car Loan

    • Fixed, Secured, $5,000-$100,000
    Interest rate from
    6.57 % p.a.
    to
    18.99 % p.a.
    Comparison rate from
    7.19 % p.a.
    to
    21.78 % p.a.
    Based on $30,000 over 5 years
    Upfront fee
    $250
    Go to site

    Get a competitive fixed interest rate on a secured new car loan of up to $100,000 depending on your credit score. Easy online application. Fast pre-approval. Pre-approved funds held for 1 month. No monthly account keeping fees, no exit fees and no early repayment fees. Flexible weekly, fortnightly or monthly repayments on terms from 1 to 7 years.

  • Debt Consolidation Loan

    • $5,000-$75,000
    Interest rate from
    6.57 % p.a.
    to
    18.99 % p.a.
    Comparison rate from
    7.19 % p.a.
    to
    19.39 % p.a.
    Based on $30,000 over 5 years
    Upfront fee
    $250
    Go to site

    Competitive fixed rates on loans up to $75,000 depending on your credit score. Zero monthly account keeping fees, no exit fees and no early repayment fees. Make weekly, fortnightly or monthly repayments, over 1 to 7 years managed entirely online, at any time. Fast and easy, 100% online application.

  • Secured Personal Loan

    • $5,000-$75,000
    Interest rate from
    6.57 % p.a.
    to
    18.99 % p.a.
    Comparison rate from
    7.19 % p.a.
    to
    19.39 % p.a.
    Based on $30,000 over 5 years
    Upfront fee
    $250
    Go to site

    Get a secured personal loan with competitive low rates for borrowers with excellent credit. A simple fixed interest rate that can be repaid weekly, fortnightly or monthly, over 1 to 7 years (10 years for Green Loans). Managed entirely online, at any time. No monthly account keeping fees, no exit fees and no early repayment fees. Quick and easy, 100% online application. Establishment fees apply.

  • Holiday Loan

    • Excellent Credit, $5,000-$75,000
    Interest rate from
    6.57 % p.a.
    to
    8.48 % p.a.
    Comparison rate from
    7.19 % p.a.
    to
    8.84 % p.a.
    Based on $30,000 over 5 years
    Upfront fee
    $250
    No Partner link

  • Home Improvement Loan

    • Excellent Credit, $5,000 - $100,000
    Interest rate from
    6.57 % p.a.
    to
    8.39 % p.a.
    Comparison rate from
    7.19 % p.a.
    to
    8.75 % p.a.
    Based on $30,000 over 5 years
    Upfront fee
    $0
    Go to site

    Give your home a refresh with the 2025 Mozo award-winning provider OMM. Borrow up to $100,000 for loan terms 1-7 years. Flexible weekly, fortnightly or monthly repayment options. No monthly, early repayment or exit fees. Fast 100% online application.

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OurMoneyMarket personal loan ratings

Overall customer rating for OurMoneyMarket personal loans

4.2
Based on 3 product reviews.

Customer reviews

Important disclosures
  Write a review

OurMoneyMarket products

FAQs about OurMoneyMarket Personal Loans

What is OurMoneyMarket?

OurMoneyMarket is an online financial marketplace that offers personal loans for various purposes, such as debt consolidation, car purchases, weddings, and home renovations.

What types of personal loans does OurMoneyMarket offer?

Currently, OurMoneyMarket offers a range of different unsecured loans for things like:

  • Debt consolidation
  • Car purchases
  • Home renovations
  • Holidays, weddings, and medical expenses
How do I apply for an OurMoneyMarket personal loan?

To apply for an OurMoneyMarket personal loan, just visit the OurMoneyMarket website and request a free online quote. Then, fill out a loan application online.

You may need to provide your ID along with other important documents, such as proof of income and any details about the purpose of the loan and your desired loan amount. According to OMM, you can typically expect a pretty prompt response. 

Who is eligible for a OurMoneyMarket personal loan?

To be eligible for a OurMoneyMarket personal loan, you must:

  • Be 18 years or older
  • Have an after-tax income of at least $25,000 per year
  • Have an acceptable credit history with OurMoneyMarket’s chosen credit bureau (as determined by OurMoneyMarket)
  • Not be in financial hardship with another provider
  • Have no un-discharged bankruptcy listings on your credit file

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* 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.

^See information about the Mozo Experts Choice Personal Loan Awards

Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.

While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.

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