Need A Loan

When you need a loan, MyOzMoney is the online money lender that offers fast and easy applications and even faster approvals and cash transfers. Our online application form is intuitive and takes you less than 5 minutes to complete. We don’t need any paperwork and we probably won’t need to even call you. Customers who apply for any of our credit products during our business hours will typically receive a response within the hour. When you’re happy with your loan contract, simply sign it online and we’ll arrange your cash transfer immediately. This means that the money you’re looking for could be in your account, or your line of credit could be available to use, the same day that you apply online with us. We service all of Australia. Apply online today for loans in Sydney, Melbourne, Brisbane and everywhere in between.

Why do you need a loan?

Personal loans come in all shapes and sizes and why you need a loan could be for a variety of reasons. At MyOzMoney, we’re committed to making sure that our customers have access to quick and easy finance options when they need them. That means that you can choose from our fast cash loans for balances between $2,100 and $50,000 or choose our line of credit option that offers you access to cash from a pre-approved credit limit up to $15,000. Whenever you need a loan or a fast cash advance between pay cycles, simply transfer directly from your line of the credit account and repay it either immediately or slowly over time. Once repaid, your line of credit is available to use again and again, like a credit card only more convenient.

A fixed-rate personal loan is designed to offer you a lump sum cash amount transferred directly to your bank account. Credit customers apply for personal loans for all kinds of reasons including buying new assets like a car or a caravan, covering costly procedures like medical procedures or even consolidating existing debts to help save on interest payments, late fees or simply streamline bills and smaller debts. Small loans are available from MyOzMoney for balances starting at $2,100 available to take over 12 months with larger long term loan options available to take over 5 years or 60 months.

Once you have spent your cash loan there is no personal loan redraw facility available. You repay the amount over-scheduled repayments agreed upon when you initially took out the loan. In some cases, this might be exactly what you’re looking for but for other cases, there may be a more flexible credit option than a quick loan. A line of credit offers you the flexibility of reusing your credit funds once you have repaid them. Compare your lending options online with our loan repayment calculator. These are great tools for budgeting before you apply for a new loan. They’ll show you an indicative repayment amount as well as break down how much interest you’ll pay over the total loan term. To help you reduce your interest payments, we don’t charge our customers an early termination fee which means you can close out your loan balance ahead of schedule without paying additional fees.

What should I do if I need a loan?

Applications with MyOzMoney take less than 5 minutes to complete. You will be asked the total loan amount that you’re looking for as well as things like your salary, your living expenses, any other debt that you may have and how long you would ideally like to take your new loan over. Our loans assessment team will then review your banking history over the last 90 days to verify that your application details are correct. This is an automated process, and you will be asked to sign in to your online banking platform at the end of your application form. We don’t receive any access to your account, just a PDF copy of your most recent transaction statement.

What documents do I need for a loan?

We’ll ask you for some general documentation like your identification (passport, driver’s licence, etc) and that’s it. We specialise in no paperwork online loans and we likely won’t even need to speak to you to approve your application. 

How much deposit do I need for a business loan?

We are a personal loan and personal credit line specialist, so we don’t offer business loans. You can still borrow money from us to use for your business, especially if you’re just starting. Our low rates and fees mean that you’ll access competitive personal financing from personal loan experts. 

To be eligible to apply for any of our credit products must be at least 18 years of age at the time of the application, be a permanent resident within Australia and currently employed. Don’t worry if your credit file isn’t as good as it could be. We understand that your credit history is not a complete picture of your financial health and as a responsible moneylender, we assess every application that we receive thoroughly and fairly. You may not be approved for the exact loan amount that you’re looking for or you may be offered slightly higher fees to reflect your credit risk. Repaying small loans can be a good way to slowly rebuild your credit history and because we don’t charge customers early exit fees, you can pay out your short term loans faster, building your credit history back up in no time.

When you need a loan, apply online with MyOzMoney and enjoy quick cash loan applications, fast approvals and instant money transfers. Apply online today.