OurMoneyMarket operates off a lower operating cost model than many of the traditional bank lenders. These savings are effectively passed onto borrowers in the form of lower rates.

No. We do not share any information with investors that would allow them to identify who you are. They will only be provided with demographic information about you, your financial information and historical credit performance.

Yes. Please contact us on 1300 990 115 or email info@ourmoneymarket.com to discuss how.

Your Loan Offer will set out your contractual loan obligations including your scheduled repayments. In the event you wish to make a change to the repayment schedule, please contact 1300 990 115 or email info@ourmoneymarket.com

OurMoneyMarket offers you repayment flexibility with the options of weekly, fortnightly or monthly loan repayments. All scheduled loan repayments must be made via direct debit.

If you wish to make any additional loan repayments ahead of schedule or pay off your loan completely, please login to your personal borrower dashboard and select 'Transfer Funds'. You will be provided with BPAY details for your account. If you then log into your internet banking account, you can make an additional loan repayment on your OurMoneyMarket loan by using these details.

If you are experiencing financial hardship and are having difficulty meeting your scheduled loan repayments, please contact us as soon as possible on 1300 990 115 or email us at info@ourmoneymarket.com

Yes, absolutely. You can pay off your loan at any time without incurring any penalty or fees.

Also, you can also make additional repayments ahead of schedule, without any penalty or fees. To be eligible for an unsecured personal loan with OurMoneyMarket you must at a minimum satisfy the following:

So that we can finalise your application, and comply with responsible lending standards, we are required to verify all income and expenses. You can do this by submitting your latest bank statements via the secure Illion Bank Statement service (learn more here: https://bankstatements.com.au).

When you submit statements using the secure Illion Bank Statements service, we will receive the last 3 month bank statements electronically for all bank accounts held under your name with that bank.

Illion will be provided with read-only access. Neither Illion or OurMoneyMarket are able to transact on your bank account.

We only obtain access to your bank statements in order to assist in the credit assessment process of your loan application.

There are two options:

  1. You can provide your internet banking credentials through the Illion gateway. This is a safe and secure gateway in which your internet banking credentials will be encrypted and passed to your bank so that we can be provided with details of your recent transaction history. Your credentials are then permanently deleted. If you are still concerned about the security of internet banking password, you can simply change your password after using the service.
  2. You can manually upload your last 3 months’ bank statements. This however will increase the time in which you will receive a decision on your loan application and also incurs a manual assessment fee.

In order for us to complete our credit assessment of your loan application we will need to review at a minimum your last 3 months’ bank statements. This can be done electronically through our trusted service provider illion in under a minute.

To learn more please visit www.yodlee.com

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