What is a Pre-Approval?
Personal loan pre-approval helps you understand your borrowing power. If you’re pre-approved, you will receive a conditional offer from OurMoneyMarket that states the loan amount and terms you’re likely to be approved for. The process is the same as applying for a loan, and you’ll have up to a month to review the terms before settling the loan.
What can I get preapproved for?
You can get pre-approval for whatever you desire – whether that’s your new family car, consolidating your debts, or home improvements – OurMoneyMarket will place your pre-approved funds on standby for you.
- Get pre-approval for any new or used vehicle
- Debt consolidation
- Major home improvements
- Great rates and flexible loan offers
- Loans from $5,000 to $75,000
Top benefits of preapproval
Fixed Interest Rate – Know your budget in advance and have the protection of a fixed interest rate with no repayment surprises
Plan Your Finances – Reduce the money worry – focus your search on your personal needs and plan your finances ahead
3 Months Fund Period – Give yourself time to make your choice, as we hold your funds up to 3 months
Protect Your Credit – Check your pre-approval before the loan is finalised, offering peace of mind
4 Quick and Easy Steps to Securing Your Pre-approval
Step 1
Apply Online
Complete your application online. Submit all of the required documentation.
Step 2
Get Pre-approved
We will approve you for the maximum loan amount and quote you on your repayments.
Step 3
Shop Around
Shop around for your vehicle up to the maximum amount pre-approved for you.
Step 4
Settle when you want
We can hold open your pre-approved funds for up to a month, with funds settled as soon as 24 hours.
OMM is Australia’s Go-to Personal Loan Provider
OurMoneyMarket offers simple, fast, online personal loans, with fixed interest rates.
Lower Interest Rates
No Hidden Fees
Simple and Flexible
A simple fixed interest rate that can be repaid weekly, fortnightly or monthly, over 1 to 7 years (10 years for Green Loans). Managed entirely online, at any time.
Fast Application
A quick and easy, 100% online application. No printing. No paper. No fuss.
Other Personal Loans We Offer
Eligibility Criteria
- You should be at least 18 years or older.
- You should be an Australian citizen or permanent resident.
- Be in active employment or receive a pension.
- Have no defaults (paid or unpaid) or active payday loans.
- Centrelink can be used as a secondary income with regular income.
- Not be a current or prior bankrupt or be party to a court judgement.
Awards
