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Frequently Asked Questions

How do I apply for a loan?

Apply Online:

Applying online for a personal loan, should only take between 5 and 10 minutes. You will need to provide some personal and contact details, together with your income and expenses. After that, we will need to see a copy of your 90 days bank statements, which can be done as part of your application, through a digital bank statement retrieval process.

Personal Loans

Get up to $12,000 - Any Credit Considered

Car Loans

Car Finance up to $50,000

How much can I borrow and how long do I have to repay the loan?

Money3 offers:

  • Personal Loans up to $12,000 with repayments between 3 months to 36 months
  • Secured Personal Loans up to $12,000 with repayments up to 36 months and
  • Secured Vehicle Finance up $50,000 with repayments up to 60 months

As a flexible lender, we focus on your ability to repay, offering various repayment options that are easy and affordable to your financial circumstances. Your loan period will depend on the loan product you have been approved for.

Personal Loans

Get up to $12,000 - Any Credit Considered

Car Loans

Car Finance up to $50,000

Can I apply if I have previously been bankrupt or if I have a bad credit report?

Yes, you can apply. At Money3 we like to give everyone a fair go1. We will review your loan application based on your current financial circumstances, rather than any past problems you may have had. So if you have a poor credit history, been bankrupt or just been knocked back from the major banks we will give you a fair go. Please note that we do not lend to customers who are currently bankrupt.

Personal Loans

Get up to $12,000 - Any Credit Considered

Do you do credit checks on all applications?

No, not all applications get credit checked. If after reviewing your application and it has passed our initial checks and looks good, we may run a credit check before your loan is funded. An enquiry may be noted on your file, based on the loan amount requested.

Are there any other fees involved if I pay out my account early?

No, Money3 has no hidden fees and charges, and there is no penalty fees for early payment.

Can I apply for a loan if I am on Centrelink benefits?

Yes, you can apply, regardless of your income type. However, Money3 will consider all Centerlink benefits except for Youth Allowance, Abstudy and Austudy. The maximum you could borrow1 if your only source of income is Centrelink benefits is $5,000 for personal loans and up to $8,000 for secured car loans. See Centrelink Loans for more details.

Personal Loans

Get up to $12,000 - Any Credit Considered

How do I make repayments on my loan?

All loan repayments are direct debited from your Bank Account and are scheduled to line up with your current pay frequency whether it is weekly, fortnightly or monthly.

What is the loan going to cost me?

Please see the loan charts below for some examples.

Example Loan Costs Chart

Platinum
19.95% APR
Silver
25.00% APR
Bronze
28.00% APR
Borrow Costs Repay
$5,000 $2,211 $7,211
24 Months at 19.95% APR & 35.97% Comparison Rate
$7,500 $3,316 $10,816
24 Months at 19.95% APR & 39.00% Comparison Rate
$10,000 $6,803 $16,803
36 Months at 19.95% APR & 38.18% Comparison Rate
$12,500 $8,252 $20,752
36 Months at 19.95% APR & 37.19% Comparison Rate
$15,000 $9,701 $24,701
36 Months at 19.95% APR & 36.53% Comparison Rate
Borrow Costs Repay
$5,000 $2,557 $7,557
24 Months at 25.00% APR & 44.43% Comparison Rate
$7,500 $3,835 $11,335
24 Months at 25.00% APR & 44.43% Comparison Rate
$10,000 $7,903 $17,903
36 Months at 25.00% APR & 43.47% Comparison Rate
$12,500 $9,627 $22,127
36 Months at 25.00% APR && 42.51% Comparison Rate
$15,000 $11,351 $26,351
36 Months at 25.00% APR & 41.87% Comparison Rate
Borrow Costs Repay
$5,000 $2,767 $7,767
24 Months at 28.00% APR & 47.66% Comparison Rate
$7,500 $4,150 $11,650
24 Months at 28.00% APR & 47.66% Comparison Rate
$10,000 $8,577 $18,577
36 Months at 28.00% APR & 46.62% Comparison Rate
$12,500 $10,469 $22,969
36 Months at 28.00% APR && 45.68% Comparison Rate
$15,000 $12,361 $27,361
36 Months at 28.00% APR & 45.05% Comparison Rate