Feedback from Our Recent Customers
Here is our basic criteria
Over 18 Years Old
You must be aged over 18 years old to qualify
Income over $480
You must take home at least $480 from earnings or Centrelink benefit payments or both.
Australian Resident
You must be an Australian citizen or permanent resident in order to qualify for a loan with us.
Money3 Loans Pty Ltd has lent to Australians since 2000 and is owned by ASX-listed Solvar Limited (ASX: SVR). Australian Credit Licence 389067. Every application is reviewed by our team in Australia. Head Office, Level 1, 40 Graduate Road, Bundoora VIC 3083.
What You Need to Apply?
Vehicle finance Applications
To apply for vehicle finance, you’ll need to provide some basic information about yourself, your income, expenses and financial commitments. You’ll also need:
- Your driver licence, which can help speed up the application process
- Your most recent 90 days of bank statements, which can be securely provided through illion
- Your Centrelink Income Statement, if you receive Centrelink payments. This can also be provided through illion
Once pre-approved and you’ve found a vehicle, we’ll also need details about the vehicle and seller before your loan can be finalised.
Personal loans
To apply for a personal loan, you’ll need to provide some basic information about yourself, your income, expenses and financial commitments. You’ll also need:
- Your most recent 90 days of bank statements, which can be securely provided through illion
- Your Centrelink Income Statement, if you receive Centrelink payments. This can also be provided through illion
In some cases, we may ask for additional information or supporting documents to complete our assessment.
Before you apply
Our Target Market Determinations explain who each loan is designed for, and our Credit Guide sets out our licence and how to make a complaint.
If you're unhappy with our service, contact our Resolutions Team on 03 9093 8211. If you need an interpreter, call TIS National on 131 450 and ask them to call us. Moneysmart's budget planner can help you check what repayments you can manage.
This information is general in nature and does not take into account your objectives, financial situation or needs.
How our car loan & vehicle finance process works
Your application could be for a new or used vehicle. Cars, vans, trucks, caravans, boats and a lot more are considered with finance available up to $75,000 with no deposit necessary.
- Get Started
Check you meet our basic criteria above to get started. Use our car loan repayment calculator to get an idea of how much you could afford before you apply.
- Apply Online
Your application online should be quick and simple and only take you about 5 or so minutes to complete.
- Share Your Bank Statements
We have partnered with illion to securely take a read only copy of your latest 90 days bank statements, so we can assess how much you can safely afford to borrow.
- Your Loan Assessment
If you have made it this far, you will have passed many of our automated checks, to ensure you could qualify for a loan with us1. Our friendly assessment team will review your application and, in some cases, may require additional documents or confirmation to help get your application across the line.
Assessment generally takes between 24 and 48 hours in most cases, during regular office hours - 9am - 5.30pm Melbourne time, Monday to Friday.
- Loan Approval Decision
If all things go smoothly1, we should be able to give you your loan approval decision. You'll know how much your loan is pre-approved for.
- Find Your Vehicle
With your loan approval, you will be able to shop around for a vehicle that suits your needs and budget.
- Drive Away
After you have found the right vehicle and informed us of the vehicle details and the seller's details, we can make some final checks, before settling your loan.
Next, you need to check the contract. It shows the full cost before you sign.
After signing, the vehicle costs are paid directly to the seller, who should release the vehicle to you and that's it!
- Repay Your Loan
Your repayments will be set up to align with your payment cycle of weekly, fortnightly or monthly.
If your situation changes and you are having difficulty making your repayments or experiencing financial hardship, please let us know. We have a range of Member Support options available to assist you.
1. Subject to verification, suitability and affordability
How our personal loan process works
Your personal loan could cover car repairs, medical bills, a rental bond, home improvements and a lot more, with loans from $2,000 up to $30,000.
- 01.Get Started
Check you meet our basic criteria above to get started. Use our personal loan repayment calculator to get an idea of how much you could afford before you apply.
- 02.Apply Online
Your application online should be quick and simple and only take you about 5 or so minutes to complete.
- 03.Share Your Bank Statements
We have partnered with illion to securely take a read only copy of your latest 90 days bank statements, so we can assess how much you can safely afford to borrow. We never see your banking password.
- 04.Your Loan Assessment
If you have made it this far, you will have passed many of our automated checks, to ensure you could qualify for a loan with us1. Our friendly assessment team will review your application and, in some cases, may require additional documents or confirmation to help get your application across the line.
Assessment generally takes between 24 and 48 hours in most cases, during regular office hours - 9am - 5.30pm Melbourne time, Monday to Friday.
- 05.Loan Approval Decision
If all things go smoothly1, we should be able to give you your loan approval decision. You'll know how much you're approved to borrow.
- 06.Sign Your Loan Documents
We'll send you a secure link to review your loan terms. The contract shows the full cost before you sign your loan agreement online.
- 07.Receive Your Funds
Once your loan agreement is signed, your funds are sent directly to the bank account you gave us in your application, usually within 24 hours.
- 08.Repay Your Loan
Your repayments will be set up to align with your payment cycle of weekly, fortnightly or monthly.
If your situation changes and you are having difficulty making your repayments or experiencing financial hardship, please let us know. We have a range of Member Support options available to assist you.
1. Subject to verification, suitability and affordability
How it Works FAQs
Money3 is an Australian finance company which is owned by ASX-listed Solvar Limited (ASX: SVR).
Money3 has been lending to Australians since 2000, Australian Credit Licence 389067. The company offers a range of financial solutions, including car loans, vehicle finance and personal loans, designed to help individuals who may not qualify for loans with traditional lenders.
Yes, Money3 is a licensed lender and holds an Australian Credit Licence (389067), which allows them to operate legally under Australian law and offer financial services to customers across the country.
Money3 offers a range of loans, vehicle finance for cars, motorbikes, caravans, boats, and more, as well as personal loans and cash loans for expenses like car repairs, medical bills, and home improvements.
Money3 specialises in providing loans to customers who may be overlooked by traditional lenders, including those with bad credit, irregular income, or Centrelink benefits. The company prides itself on offering a fair go to customers who might have unique financial situations.
Check out our Customer Reviews to see why customers choose us.
Yes1, Money3 considers loan applications from customers with bad credit. The approval process is based on a broader assessment of your financial situation, including your current income and expenses.
Yes, Money3 offers loans to customers receiving most types of Centrelink benefits, such as the Age Pension, Disability Support Pension, and Parenting Payment - see Centrelink Loans*. However, certain benefits like JobSeeker Payment and Youth Allowance cannot be your sole source of income.
Most applications are completed entirely online, with your bank statements securely processed via illion and no physical documents necessary.
In some cases, we may request extra documentation, like ID or proof of residency, but we’ll let you know if needed.
Money3 will review your self-employed income by looking at your recent bank statements and any other financial information you provide to ensure you meet the income requirements for loan approval.
Yes1, Money3 can consider applications from customers with irregular or multiple income sources, including part-time work or freelance income. The total amount of income and its consistency over time will be taken into account during the assessment.
Check out our personal loan calculator or another loan calculator tool to get an idea of how much you could afford.
Starting an application doesn't. We look at your bank statements and affordability first. A credit check is only done if your application moves to final assessment, and it may be recorded on your credit file as an enquiry.
Money3 offers finance for a variety of vehicles, including cars, motorbikes, caravans, campervans, RVs, trailers, boats and jetskis, vans, trucks, and even tractors.
Yes, Money3 offers finance for both new and used cars, as long as the vehicle meets the eligibility criteria for finance.
Yes, Money3 allows you to pay off your vehicle finance loan or personal loan early without any penalties. This gives you the flexibility to settle your loan ahead of time if you wish.
Personal loans from Money3 can be used for various expenses, including car repairs, medical bills, home improvements, emergencies, holidays, weddings, and more.
The online application stage can usually be completed within 5 or 10 minutes.
The loan application decisioning typically takes between 24 to 48 hours, depending on the accuracy of the information provided and whether all necessary documents are submitted.
Money3 assesses your loan application by reviewing your income, expenses, bank statements and overall financial situation to determine if you can comfortably manage the loan repayments.
After receiving pre-approval, you can proceed with selecting your vehicle. Once you’ve chosen a vehicle and signed the loan agreement, Money3 will finalise the loan, and payment will be made directly to the seller.
If we can’t approve your application, it means we’re unable to offer you a loan based on your circumstances and our lending criteria at that time.
We understand this can be disappointing. It’s important not to take on a loan that may not be suitable or affordable for you. If you need help exploring your options, you can contact the National Debt Helpline on 1800 007 007 for free, independent and confidential financial counselling and advice.
1. Subject to verification, suitability and affordability
* Money3 is not affiliated with, or endorsed by, Services Australia, but does provide personal loan and vehicle finance options which are available to recipients of benefit payments
Secured Loan Example Costs Chart
| Borrow | Costs | Repay |
|---|---|---|
| $5,000 | $1,871.15 | $6,871.15 |
| 24 months at 12.95% APR & 32.60% Comparison Rate | ||
| $10,000 | $6,705.16 | $16,705.16 |
| 48 months at 12.95% APR & 27.91% Comparison Rate | ||
| $25,000 | $14,159.90 | $39,159.90 |
| 60 months at 12.95% APR & 19.30% Comparison Rate | ||
| $50,000 | $28,489.25 | $78,489.25 |
| 72 months at 12.95% APR & 16.20% Comparison Rate | ||
| $75,000 | $39,575.16 | $114,575.16 |
| 72 months at 12.95% APR & 15.13% Comparison Rate | ||
EXAMPLE: A platinum secured personal loan of $5,000 for 24 months has fees and charges totalling $1,871.15 and a total repayment of $6,871.15. The Minimum loan term is 12 months and the Maximum term 24 months. The term will be 24 months if you repay monthly, 52 fortnights or 104 weeks. The Maximum APR is 12.95%. The Comparison Rate, based on a loan of $5,000 over two years, is 32.60%.
EXAMPLE: A platinum secured personal loan of $25,000 for 60 months has fees and charges totalling $14,159.90 and a total repayment of $39,159.90. The Minimum loan term is 24 months and the Maximum term 60 months. The term will be 60 months if you repay monthly, 130 fortnights or 260 weeks. The Maximum APR is 12.95%. The Comparison Rate, based on a loan of $25,000 over five years, is 19.30%.
WARNING: This comparison rate applies only to the example or examples 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.
Please Note: Advertised costs and repayments have been rounded up to the nearest dollar amount, so costs may be slightly cheaper in most cases. Australian Credit Licence 389067.
Unsecured Loan Example Costs Chart
| Borrow | Costs | Repay |
|---|---|---|
| $5,000 | $2,076.61 | $7,076.61 |
| 24 months at 15.95% APR & 35.86% Comparison Rate | ||
| $7,500 | $4,938.31 | $12,438.31 |
| 36 months at 15.95% APR & 36.46% Comparison Rate | ||
| $10,000 | $6,109.29 | $16,109.29 |
| 36 months at 15.95% APR & 34.14% Comparison Rate | ||
EXAMPLE: A platinum unsecured personal loan of $5,000 for 24 months has fees and charges totalling $2,076.61 and a total repayment of $7,076.61. The Minimum loan term is 12 months and the Maximum term 24 months. The term will be 24 months if you repay monthly, 52 fortnights or 104 weeks. The Maximum APR is 15.95%. The Comparison Rate, based on a loan of $5,000 over two years, is 35.86%.
EXAMPLE: A platinum secured personal loan of $25,000 for 60 months has fees and charges totalling $14,159.90 and a total repayment of $39,159.90. The Minimum loan term is 24 months and the Maximum term 60 months. The term will be 60 months if you repay monthly, 130 fortnights or 260 weeks. The Maximum APR is 12.95%. The Comparison Rate, based on a loan of $25,000 over five years, is 19.30%.
WARNING: This comparison rate applies only to the example or examples 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.
Please Note: Advertised costs and repayments have been rounded up to the nearest dollar amount, so costs may be slightly cheaper in most cases. Australian Credit Licence 389067.
Ready to Learn More?
About Us
Money3 offers vehicle finance and personal loans with flexible approval criteria to make sure we give everyone a fair go!
Why Money3?
Learn more about why so many people chose Money3 and rate us highly for our fast and friendly service.
Finance Calculator
It's not just cars, but a range of vehicles from motorbikes to boats. Check out how much you could afford to borrow.
Car Loans with Bad Credit?
Even with a bad credit history, Money3 will give you a fair go. If you meet our criteria and the loan is affordable, you could be on the road fast.
Car Loans on Centrelink!
Your Centrelink benefit payments* could be seen as income when you apply for a car loan through Money3.
Loans for Bad Credit Score Customers
Get personal loans with bad credit for emergencies from car repairs, medical and dental or help with the better things in life from holidays to home improvements.
1. Subject to verification, suitability and affordability
* Money3 is not affiliated with, or endorsed by, Services Australia, but does provide personal loan and vehicle finance options which are available to recipients of benefit payments
