OMM is Australia’s Go-To Personal Loan Provider
We offer simple personal loans, with no hidden fees. There is only a once-off establishment fee that is added to your loan proceeds.

Establishment Fee
The amount of the establishment fee is based on your OurMoneyMarket loan grade and is calculated as a percentage of your loan amount. This can range from 1.50% to 6.0% of your loan amount, and is subject to a minimum of $250.

No Hidden Fees
There are no other standard fees payable to OurMoneyMarket as long as you make your scheduled repayments.
Interest Rate % p.a.
Interest Rate % p.a.2
Loan Grades
3 Yrs
5 Yrs
7 Yrs
Establishment
Fee
Monthly
Fee
3 Yrs
5 Yrs
7 Yrs
A+
8.05% - 9.00%
8.40% - 9.75%
9.00% - 10.30%
1.50%
$0.00
9.06% - 10.02%
9.04% - 10.29%
9.47% - 10.78%
A+
8.05% - 9.00%
8.40% - 9.75%
9.00% - 10.30%
1.50%
$0.00
9.06% - 10.02%
9.04% - 10.29%
9.47% - 10.78%
A+
8.05% - 9.00%
8.40% - 9.75%
9.00% - 10.30%
1.50%
$0.00
9.06% - 10.02%
9.04% - 10.29%
9.47% - 10.78%
A+
8.05% - 9.00%
8.40% - 9.75%
9.00% - 10.30%
1.50%
$0.00
9.06% - 10.02%
9.04% - 10.29%
9.47% - 10.78%
A+
8.05% - 9.00%
8.40% - 9.75%
9.00% - 10.30%
1.50%
$0.00
9.06% - 10.02%
9.04% - 10.29%
9.47% - 10.78%
Non-Standard Fees
Fee Type
Amount
When Payable
Loan Variation Fee
$35
Payable if you need to vary the terms of your loan. The fee will only be charged if the loan variation is approved and will be deducted from your nominated bank account by direct debit on the next business day.
Document Production Fee
$25
Payable each time you require posted to you a hard copy of any documentation relating to your loan.
Loan Cancellation Fee
$150
Payable if you cancel your loan at any time after accepting a Loan Offer, but before the loan has been received in your nominated bank account.
Borrower FAQs
Still have a question?
info@ourmoneymarket.com
1300 990 115
How does OurMoneyMarket set its rates and fees?
OurMoneyMarket believes in offering efficient and fair finance. This means that you are rewarded with rates and fees that reflect your credit record.
When you apply for a loan with OurMoneyMarket you undertake a thorough credit assessment that includes the quantitative and qualitative information you have provided us, as well as information about you provided by trusted third party credit bureaus. All this information allows us to assign to your loan request an OurMoneyMarket loan grade between A+ (excellent credit history) and D (below average credit history) and offer you an interest rate that is unique to your circumstances.
What is a comparison rate?
It’s the new way to borrow and invest. Individuals can apply for a loan via the OurMoneyMarket website and if approved the loan request will be posted on the OurMoneyMarket website for investors to review. Investors then fund those loans through the purchase of Loan Units at their selected risk grades.
Default Fees
Fee Type
Amount
When Payable
Late/Overdue Payment Fee
$35 per late payment
The fee is charged if a payment is not made in full and the account is in arrears. This fee is payable on each of 5, 14, 21 and 30 days after the payment date.
Direct Debit Dishonour Fee
$25 per dishonour
Payable if We are unable to process a direct debit from your Bank Account when due. We will attempt to process a direct debit from your Bank Account the next Business day after providing You with a dishonour notice.
Enforcement Expenses
Payable if You breach any term of this Loan Contract, You will be required to pay expenses reasonably incurred by Us in enforcing or preserving Our rights under this Loan Contract. These expenses include expenses incurred by Us in collection of payments and expenses resulting from dishonour of any payment. We may debit any enforcement expenses from your Bank Account in the same way as other fees and charges.