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MoneyPlace personal loans – Get simpler finance 100% online
MoneyPlace is one savvy lender that has changed the rules of borrowing. Now you can get a MoneyPlace personal loan 100% online. And unlike the big banks, you also get a unique deal that rewards you more the higher your credit score goes.
In a nutshell, borrowing from MoneyPlace is easier, faster, and personalised. Here’s the full breakdown.
MoneyPlace personal loans: Product specs
Loan amount – $5,000 – $50,000
Loan terms – 3, 5, or 7 years
Interest rate range – From 6.45% p.a.
Pros – Competitive rates and fewer fees.
Cons – The minimum amount you can borrow is a bit too high.
Best for – Anyone with a good credit score since they are more likely to get a better, fairer rate. Types of loans offered by MoneyPlace
MoneyPlace offers the following unsecured personal loans, classified according to purpose:
Debt consolidation loan. If you’ve got multiple debts that need to be paid at different times, this product simplifies things for you. When you use it to pay off those debts, everything you owe goes into one place. Your debt not only becomes easier to manage you’ll likely reduce your borrowing costs.
Holiday loan. This option allows you to splurge on that getaway trip, whether you’re spending it on flights, accommodation, or other related expenses.
Home improvement loan. Most home renovations are big projects, so you’ll need the extra financial padding to see things through to the end.
Wedding loans. If it’s your big day and you want to make it magical, this option can pay for the basics as well as the extra trimmings.
Medical loan. Medical bills are notorious for being eye-watering, but you can still put your health first or have that elective procedure you want with a medical expenses loan.
Car loans. MoneyPlace offers unsecured loans for new and used cars. That means you can easily get the cash you need to boost your negotiating power when you finally go car shopping.
You can also get a loan for other purposes such as educational expenses, tax debt, and vehicle maintenance.
A closer look at MoneyPlace personal loans
Your rate is tailored to your credit rating. Therefore, the cleaner your credit history, the lower your rate will be.
You can make unlimited extra repayments.
There are no ongoing fees or early repayment fees.
However, there’s an upfront fee that gets added to your loan. It ranges from 0% to 5.5% of the amount you borrow. Other fees and charges include a $10 default fee and a $25 dishonour admin fee.
Qualifying for a MoneyPlace loan
Use the information below to see if you’re eligible for a MoneyPlace personal loan before applying:
Be an individual and at least 18 years old
Have Australian citizenship or permanent residency
Be employed and earn more than $20,000 per year
Must not have unpaid defaults or earn most of your income from government benefits
Must not have a recent bankruptcy or be in collections
How to apply
You can jump into the application process straight from this page by clicking “Go to Site” in the table above. Applying for a MoneyPlace personal loan on the lender’s website is a matter of doing the following:
Find out your rate – Simply fill in the online form and get a personalised rate in 2 minutes, without affecting your credit score. You’ll need your driver’s licence for this step.
Apply – If your rate estimate sounds good, go ahead and apply in the comfort of right where you are, so long as you can access the online application form. This only takes 10 minutes.
Get a response – After MoneyPlace reviews your information and documentation, a dedicated lending specialist will get in touch in 1 or 2 business days to let you know if your application has been approved.
Receive the cash – When you get approved, the money is yours on the next business day or sooner. Popular personal loans searches
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