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Discount Interest Rate of 8.50% p.a. (Average Credit or Better) - Low Rate Unsecured Personal Loans @ OurMoneyMarket

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OMMLOWRATE

The following offer is only available to new customers of OurMoneyMarket and is subject to standard credit approval processes and procedures.

If your credit history is Average or better (i.e. Equifax Credit Score of 545 or higher) you will be eligible for an unsecured personal loan fixed rate of 8.50% p.a. That's a comparison rate of 9.14%* (Excellent Credit) to 9.87%* (Average Credit). Only available for loan terms from 3 to 5 years.

Simply email the coupon code to [email protected] along with your full name, email address and phone number to become eligible and our credit team will get in touch with you.

OurMoneyMarket Personal Loan Summary

  • Loan amounts are from $5,000 to $35,000
  • Unsecured
  • 3 or 5 year loan terms
  • Weekly, fortnightly or monthly repayments
  • Fixed rate of interest
  • $0 account keeping fees
  • $0 prepayment fees
  • $0 early exit fees
  • one upfront establishment fee that is based on your credit history and is calculated as a percentage of your total loan amount (standard establishment fees range from 1.50% to 4.50% of the total loan amount)(minimum $150)

OurMoneyMarket Lending Pty Ltd ABN 64 605 231 669 Australian Credit Licence 488228.
*This comparison rate is based on a $10,000 loan over 3 years.

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closed Comments

  • What is the normal rate? I don't think personal loans should be allowed on OzB anyway.

    • Hi,

      Our standard rates are tailored to a borrower's unique circumstances. For a borrower with Average credit the standard rates have on average ranged between 15.85% p.a. (comparison rate 18.14%) to 17.00% p.a. (comparison rate 19.31%).

      Please refer to the following link for more information on OurMoneyMarket's standard rates and fees (https://www.ourmoneymarket.com/rates-fees-returns/).
      * This comparison rate is based on a $10,000 loan over 3 years.

    • Why?

  • +1

    So prevents the credit provider bumping the rate to some large number going forward, given it is variable.

    Not a deal.

    Edit. Sorry, didn't notice that it's fixed rate for the loan term. Reversed negative vote. (Okay, just tried, didnt work).

    • Hi,

      OurMoneyMarket only provides fixed rate loans. The advertised deal rate is for the life of the loan.

  • +1

    according to this graph it does not look like anyone qualifies for the A+ lowest rate!? https://www.ourmoneymarket.com/marketplace-loan-statistics/

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