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OurMoneyMarket

Low Rate Personal Loan Unsecured (Excellent Credit)

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No extra repayment or early exit fees. Funding approved in 24 hours. Up to $75,000 loan amount

announcement

RateCity Says: Pay no ongoing fees, and avoid being penalised for paying off your personal loan early.

Awards

Winner of Excellent Credit Personal Loans, RateCity Gold Awards 2021

Interest rate

5.45

% p.a

Fixed up to 7.05%

Comparison Rate*

6.07

% p.a

Fixed up to 7.4%

Upfront Fee

$250

Loan amount

$2k to $75k

Real Time Rating™

4.31

/ 5
Repayment

based on $20,000 loan amount for 3 years at 5.45%

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Interest rate

5.45

% p.a

Fixed up to 7.05%

Comparison Rate*

6.07

% p.a

Fixed up to 7.4%

Upfront Fee

$250

Loan amount

$2k to $75k

Real Time Rating™

4.31

/ 5
Repayment

based on $20,000 loan amount for 3 years at 5.45%

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Calculate your repayments for this loan

I'd like to borrow

$

Loan term

years

Your estimated repayment

$603

based on $20,000 loan amount for 3 years at 5.45%

Quick personal loan review

For Low Rate Personal Loan Unsecured (Excellent Credit)

These are the benefits of this personal loan.

  • Interest rates ranked in the best 20%
  • No ongoing fees
  • No early exit penalty
  • Flexible repayment options
  • No security required
  • Can apply online
  • Use the loan for any worthwhile purpose
  • Fast time to funding
  • Features on 2021 RateCity Awards

These are the drawbacks of this personal loan.

  • Higher than average application fee
  • Cannot apply in branch

Personal loan overview

For Low Rate Personal Loan Unsecured (Excellent Credit)

TMD

Details

Total repayments

Interest rate type

Fixed

Borrowing range

$2k - $75k

Security type

Unsecured

Loan term

1 year to 7 years

Secured by

Loan type

Is Fully Drawn Advance

Repayment frequency

Weekly, Fortnightly, Monthly

Features

Extra repayments

Yes

Redraw facility

Instant approval

Time to funding

24 hours

Fees

Upfront Fee

$250

Ongoing Fee

$0

Missed Payment Penalty

$25

Early Exit Penalty Fee

$0

Permitted Loan Purposes

New Car

Used Car

Motorcycle

Boat

Debt Consolidation

Renovation

Holidays

Medical Bill

Shares

Student Loan

Wedding

Application method

Phone

Broker

In branch

Specials
  • Other No extra repayment or early exit fees. Funding approved in 24 hours. Up to $75,000 loan amount

Target Market Determination

Visit OurMoneyMarket to view Target Market Determination.

Other Benefits

Dealership or Private Sale Acceptable. Age of Vehicle: Happy to accept all ages, though if greater than 7 years the interest rate will be greater than standard pricing. Income Assessment: 100% Illion Bank Statement.

Other Restrictions

Available loan amounts range from $2,001 to $75,000, for loan terms from 1 to 7 years. Comparison rate is based on a $30,000 fixed rate loan over a 5-year term to a borrower with excellent credit. WARNING: this comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Establishment fee applies for most borrowers. Credit is subject to OurMoneyMarket's standard terms and conditions and lending criteria. OurMoneyMarket Lending Pty Ltd ABN 64 605 231 669 holds Australian Credit Licence No. 488228.

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