MoneyPlace Personal Loans
What personal loans does MoneyPlace offer?
MoneyPlace offers an unsecured personal loan that has a fixed interest rate. The interest rate on the loan is determined by the individual applicants’s financial circumstances and the risk band MoneyPlace places them in.
The minimum loan amount for a MoneyPlace personal loan is $5,000 while the maximum loan amount is $50,000.
MoneyPlace interest rates are tailored to the individual borrower for a borrowing period of three, five or seven years.
The following table displays a selection of MoneyPlace’s unsecured personal loan products on Canstar’s database, sorted by Star Rating (highest to lowest). The results and Star Ratings shown are based on a $20,000 loan for three years, taken out in NSW. Click here to compare more personal loans tailored to your preferences. Before committing to a personal loan product, check upfront with MoneyPlace to confirm what the rates and fees will be for your personal circumstances, and whether the product suits your needs. Consider the Target Market Determination (TMD) before making a purchase decision. Contact the product issuer directly for a copy of the TMD.
What can you use MoneyPlace’s personal loans for?
MoneyPlace says its personal loans can be used for important life events and other purposes, such as:
- Buying a car
- Debt consolidation
- Funding a holiday
- Medical expenses
- Home renovations
- Weddings and more
MoneyPlace says its personal loans cannot be used for business purposes or to fund a house deposit. Check the product disclosure statement (PDS) or contact MoneyPlace for more information on what you can and can’t take out a personal loan for.