OurMoneyMarket personal loan, personalised fixed rates, quick online approval and no early repayment fees

Why OurMoneyMarket Personal Loan is worth a look

OurMoneyMarket Personal Loan offers personalised rates and fixed rates tailored to your credit profile, so you get competitive interest rates that reflect your circumstances. This product sits among Australian personal loans as a no-fuss option that aims to be transparent and simple to understand.

Borrowers can access a Min Loan Amount of $2,001 up to a Max. Loan Amount of $75,000, covering everything from home improvements to debt consolidation. The OurMoneyMarket review highlights that the lender offers both secured or unsecured loan options depending on your assessment, giving you flexibility when you need it.

Rates, fees and true loan cost

Interest Rate ranges are competitive: headline fixed rates typically sit between 6.57% and 18.99% p.a., with a comparison rate from about 7.19% to 21.78% p.a. Include the comparison rate when you compare products to see the real Loan cost OurMoneyMarket will charge over the life of the loan.

There are no ongoing fees and no early repayment fees, which is a major win if you plan to pay down debt sooner. Be aware of one-off costs such as an establishment fee, and small charges like a direct debit dishonour fee or a late payment fee of around $35.

Fast online approval and simple application

The OurMoneyMarket application process is built for convenience, with a quick online approval that can be completed in minutes from your phone or laptop. The OurMoneyMarket application process typically asks for ID, bank statements and basic income details to speed up verification.

As part of a personal loan review you should check the OurMoneyMarket eligibility criteria: you must be 18+, an Australian citizen or permanent resident, and have regular income or Centrelink payments. The platform flags that you should not have active payday loans or be in serious financial hardship with another lender.

Repayment options and borrower flexibility

Repayments are flexible with weekly, fortnightly or monthly options to suit how Aussies get paid. The fixed rates and no early repayment fees let you make additional repayments or clear the loan early without penalty, helping reduce total interest paid.

Unsecured personal loans are common here, but if you prefer a secured option to access lower rates, OurMoneyMarket may offer that based on your assessment. Overall, the combination of personalised rates, quick online approval and clear fees makes this a competitive choice in Australian personal loans.