Budget with Confidence

OurMoneyMarket offers no-obligation pre-approvals for secured and unsecured personal loans. Budget with confidence by obtaining a no-obligation pre-approval of up to $75,000 today.

A quote won't impact your credit score

What is a Pre-Approval?

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 $2,001 to $75,000

What can I get preapproved for?

Get pre-approval for any new or used vehicle
Debt consolidation
Major home improvements
Great rates and flexible loan offers
Loans from $2,001 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

Does Pre-approval guarantee a loan?

Pre-approval does not guarantee you a loan - there may be some conditions that you have to satisfy prior to settlement. For example, providing satisfactory documentation on the vehicle you are looking to purchase.

Is Pre-approval bad for credit?

Proceeding with a pre-approval will appear on your credit file but won’t necessarily negatively affect your credit unless you apply multiple times in a short space of time.

What happens after you get pre-approval for a vehicle?

Once you have your pre-approval vehicle loan, you don’t have to get your financing through the dealership. We will settle directly with the dealer on your behalf. All we require is an invoice for your purchase. We may be able to refund you for any deposit you may have put down on the vehicle, and we may be able to include in your loan any car insurance, registration, and add-ons.

How long does pre-approval take?

Once you’ve researched and applied for your pre-approval, it’s important to note that it doesn’t last forever. Pre-approval generally lasts for up to 3 months.

Take a preapproval with you for your next vehicle purchase

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 3 months. Have funds settled within 24 hours when ready.

A Better Way to Borrow

OMM is Australia’s Go-to Personal Loan Provider

OurMoneyMarket offers simple, fast, online personal loans, with fixed interest rates.

Lower Interest Rates

A marketplace of people and institutions all working together to deliver you the best possible deal.

No Hidden Fees

No monthly account keeping fees, no exit fees and no early repayment fees.

Simple and Flexible

A simple fixed interest rate that can be repaid weekly, fortnightly or monthly, over 1 to 7 years. 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

Car Loans

Debt Consolidation

Holiday Loans

Medical / Dental Loans

Education Loans

Home Improvement

Personal Loans

VET Loans

Eligibility Criteria

In order to apply for a personal loan, you must fulfil the following 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.

Frequently Asked Questions

How do I know how much I can borrow and what my repayments will be?

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.

How can I manage my debt consolidation loan?

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.

What kind of debts can I use the money for?

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.

What exactly is a personal loan and how do I get one to consolidate my debts?

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.

1. Subject to approval, OurMoneyMarket’s Secured Loan interest rates range from 6.57% p.a. to 18.99% p.a. (Comparison Rate: 7.19% p.a. to 21.78% p.a.) and are offered based on the individual borrower’s credit assessment according to OurMoneyMarket’s credit scorecard. Approvals are subject to OurMoneyMarket’s credit criteria and responsible lending requirements. Fees, charges, terms and conditions apply.

2. Comparison rate of 7.19% p.a. is based on an unsecured personal loan of $30,000 over 5 years. WARNING: The comparison rate applies only to the example given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

Example loan. A OurMoneyMarket Personal Loan of $30,000 borrowed for 60 months, with a fixed rate of 6.57% p.a. (comparison rate 7.19%), means the total amount you would need to repay would be $35,807.29 (made up of $30,000 principal, interest of $5,357.29.80 and a $450 establishment fee).

3. Investor rates are displayed on an annualised basis and are net of applicable fees due to OurMoneyMarket. Investor rates may assume payments received are continually reinvested at the stated rate and that there are no borrower late payments or defaults.

4. Investors: This information refers to the marketplace lending platform operated by OurMoneyMarket Pty Ltd and the offer of units in the OurMoneyMarket Investment Trust ARSN 616 185 534 (the “Trust”). Units in the OurMoneyMarket Investment Trust provide investors with exposure to consumer finance loans. Any person seeking to make an investment should review the Product Disclosure Statement and seek legal, financial and taxation advice relative to their own circumstances. The manager of the Trust is OurMoneyMarket Pty Ltd, AFSL Authorised Representative Number 1252443, appointed by MSC Advisory Pty Ltd ACN 607459441 and AFSL 480649, a related party of the trustee, Melbourne Securities Corporation Ltd ACN 160 326 545 AFSL 428289. This product is not a bank deposit. Returns are not guaranteed. An investment may achieve lower than expected returns and investors risk losing some or all of their principal investment. Past performance is no indication of future performance and actual returns will be dependent on the performance of specific investments selected by you. Diversification of your investment across several investments may reduce your overall risk.

5. The Target Market Determination for the OurMoneyMarket Investment Trust can be downloaded here.

6. The TMD for OurMoneyMarket Lending’s loan products can be found here.

By accessing or using this website or the OurMoneyMarket Investment Trust you agree to be bound by our Terms of Use. OurMoneyMarket Lending Pty Ltd ABN 64 605 231 669 holds Australian Credit Licence number 488228.