OurMoneyMarket has provided all investors with a free OurMoneyMarket Auto Invest feature. To use this feature simply login to your personal OurMoneyMarket investor dashboard and click on the “Auto Invest” option in the menu bar. You can then configure the automatic reinvestment criteria so that it suits your investment portfolio needs.

To withdraw funds simply login to your personal OurMoneyMarket investor dashboard and click "Transfer Funds" from the main bar. Then click “Withdraw”. You can withdraw some or all of the funds identified as Available Funds. The minimum amount for any withdrawal is $50, or the remaining balance of your account.

You are not able to withdraw any funds that are currently committed to an outstanding Loan Unit or have been committed to a Loan Unit, but has not yet received 100% funding.

Please read our Product Disclosure Statement for more information on how to withdraw investor funds.

It can take between 1 and 14 days for an investment order to be completed. In the event that after 14 days a borrower is still unsuccessful in attracting 100% funding for their loan request. OurMoneyMarket will return these funds to your OurMoneyMarket Account.

In the unlikely event that your funds are committed for a longer term, you will continue to receive repayments of principal and interest over the course of the extended period. In some cases, you may be rewarded with a higher rate of return due to the extended term of your investment.

OurMoneyMarket takes its responsibilities for managing the day to day operations of the OurMoneyMarket Investment Trust very seriously, which is why OurMoneyMarket has put in place a clearly defined and proactive process with regards to debt collection. This includes, but is not limited to, proactive SMS notifications on upcoming scheduled repayments, mandatory direct debit arrangements on borrower’s primary income accounts and real-time analytics on loan performance.

In the event that a loan is in arrears for greater than 120 days OurMoneyMarket will consider the loan to be in default and a “charged-off” status will appear on that Loan Unit. In some cases, the loan may be sold to a third-party debt collection agency after 90 days in which case any proceeds from the sale (after deducting OurMoneyMarket’s expenses) will appear as a payment in the investors OurMoneyMarket Account.

If a borrower repays their loan early you will receive your invested funds back earlier than expected. The funds will appear in your OurMoneyMarket Account as Available Funds for re-investment or withdrawal.

No. At present OurMoneyMarket does not offer investors the ability to sell their investments in Loan Units. Meaning that once an investor has committed funds to a Loan Unit, these funds can only be redeemed at the earlier of the loan being repaid or maturity of the loan.

We are however working on this and will notify investors via our Product Disclosure Statement, on our website, and here, if this changes.

A loan that is displaying a status of “arrears” or “delinquent” means the borrower has missed a repayment on their loan. Any borrower that misses a payment is immediately contacted by OurMoneyMarket with the expectation that the amount in arrears will be repaid.

A loan status of “charged-off” means that the borrower has defaulted on its loan obligations. This may be due to a number of unforeseen circumstances including, but not limited to, the borrower experiencing bankruptcy, loss of job and/or a serious illness. It also means that despite its best efforts OurMoneyMarket may have been unable to collect on any outstanding debts due by the borrower, which ultimately results in a capital loss to the investor.

OurMoneyMarket will attempt to sell any loans that have been charged-off to a debt collection agency of OurMoneyMarket’s choice. In such circumstances investors may recover some of the initial capital loss on the loan. This will appear as a payment in an investor’s OurMoneyMarket Account.

Scroll below and access our loan calculator to find out the estimated repayments on your loan weighed against the amount you want to borrow and how long you need to make all your repayments.

With our online platform, you can easily stay on top of your upcoming payments, access payment information, and find peace of mind knowing you’re taking back control of your finances.

Any form of debt you’re looking to pay off or bring multiple smaller debts into the one-off personal loan. With access up to $75,000, debts of all kinds can be covered with OMM.

We offer personal loans for covering multiple uses you may need, using our unsecured personal loan service. Our debt consolidation loans have a fixed interest rate, and you choose a loan amount and loan term that you can comfortably repay.