Quick and simple loans
up to $50,000

Line of credit

From $1,000 to $15,000


  • Simple online application
  • Withdraw any amount from $100
  • Transferred same-day to bank account
  • Credit becomes available as you repay

Personal loan

From $5,000 to $50,000

Low rate from 7.95% p.a.
(9.33% p.a. comparison rate*)

  • Simple online application
  • Same-day money transfers
  • Low personalised rates
  • No early repayment fees

*This comparison rate is based on our personal loan for an amount of $30,000 over 5 years, a $495 establishment fee and a $10 monthly fee. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Why choose MyOzMoney?

We are straight forward,
great to deal with and are all
about making it easier for you.


Quick application

Applying online takes less
than 5 minutes. That’s fast.


Easy to complete

It’s so quick and simple,
with no paperwork required.


Same day transfer

Once approved, we send cash
straight to your bank account.

How Much Can I Borrow?

If you’re asking yourself this question, it’s likely that you’re considering taking out a loan. How much you can borrow will depend on your individual financial situation, such as the size and frequency of your income compared to your liabilities.

These days, loans are often used to meet a financial need when income alone may not be enough to cover the expense. Often this happens because the expense arises suddenly and unexpectedly, and you need the cash fast.

This is why borrowing money is often more of a necessity than a choice in today’s world. From credit cards and small personal loans, to car loans, right up to home loans, the amount of cash you need may vary according to what you need the money for. There are also a number of other factors that will contribute to determining how much you can borrow, listed below.


When you ask yourself, “how much can I borrow?”, there will be several considerations that will affect the size of the advance loan available to you. How much you earn is typically number one on this list. This includes both your regular salary, and any other earnings you may receive on top of your income, such as rental income from an investment property. If you want to borrow money in both you and your partner’s name, you can also include the salary and any other income streams from your partner in this amount.

Your liabilities are typically the second thing you need to consider. If you have a very high income, but your liabilities are almost equal to your income, you may not be able to borrow very much money. This is because there will be very little (if any) buffer remaining in your finances after you make your loan repayments. If your income is average, but your liabilities are extremely low, you may be in a better position to borrow more money.

Other factors that will affect the answer to “how much can I borrow?” include the length of your loan term, and your previous credit history. You can use our handy personal loan repayment calculator to see just how much your credit history and loan term will affect the interest rate, your regular repayments, and the total cost of your loan.

Smooth Experience

When you take out a loan with My OzMoney, we also do everything we can to ensure you have a smooth lending experience, and will never be in for any shocks. Other factors to think about when wondering “how much can I borrow?” include the length of your loan term and your previous credit history. If you have really thought about “how much you can borrow?” and the contributing factors behind that amount, you will have a much smoother lending experience, and won’t be in for a shock.

We offer unsecured loans up to $50,000 – perfect for small home renovations or family getaways. To make things as easy and as hassle-free as possible, all of our loans are fully online. This means that after inputting a few very simple details onto our website, your loan will be processed quickly and simply.

Ready to start?

Line of credit

From $1,000 to $15,000

Money anytime, anywhere

Personal loan

From $5,000 to $50,000

Low rates, same-day transfers

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