Money3 personal loans

Money3 is an Australian non-bank personal loan lender and operates out of a head office in Victoria.

Money3 started operating in 2000, lending money in the form of personal loans and car loans to both employed and unemployed people in different financial circumstances. It also provides personal loans for Australians who have bad credit or who are on Centrelink benefits.

Money3 is listed on the Australian Securities Exchange.

Mark Bristow

Personal Finance Editor

Content updated

17 Oct, 2022

Product data updated

22 Dec, 2024

Personal Loans calculator

Use our personal loan calculator to see how much you’d have to repay under different borrowing scenarios.

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This is an estimate of how much you would pay (weekly/fortnightly/monthly) based on your borrowing amount, interest rate and loan term.
Calculations assume that details entered into calculator, including interest rates, do not change for the lifetime of the loan.
Interest is calculated by compounding on the same frequency as the repayment selected, i.e. weekly, fortnightly or monthly.
Months are assumed to be of equal length. However, given that some months are longer than others, interest charged by vary depending upon the month.
The calculation rounds of the personal loan repayment to the closest dollar value without decimals.

All calculations are estimates only; there are no guarantees, pre-qualifications or pre-approvals for borrowing. All results are based solely upon the data entered into the calculator.
Your final mortgage repayments or borrowing amount will depend on your lender’s eligibility criteria among other factors.
Calculator does not include the cost of fees or other extra charges.
Calculator does not account for changes to interest rates over time.
This calculator is for information purposes only. Any advice is general and has not taken into account your personal circumstances. Read our full disclaimer.

Features of a Money3 personal loan

Money3 provides unsecured and secured personal loans of up to $12,000 for a personal loan and $50,000 for a car loan. Borrowers can pay it off over a maximum loan term of two years.

This lender may charge various fees and charges on its personal loans including establishment fees, ongoing fees, late fees and redraw fees. There are no penalty fees for early repayment.

Money3’s personal loan rates may vary depending on your credit history, but even its lowest rates are high when compared with other options on the market.

Borrowers can use a Money3 personal loan for many uses including:

Car repairs
Medical expenses
Holidays and travel
Educational expenses

Money3 personal loans – customer service

Customers can contact Money3 by phone, online enquiry and live online chat. Money3 phone lines are in operation from 9am to 7.15pm (EST) on weekdays.

If customers cannot make a call in those hours, they can also request a call-back from Money3.

Who is eligible for a Money3 personal loan?

Must be over the age of 18.
Must be an Australian resident.
Must earn a take-home income of at least $400 per week.
Income must be paid into your account.
Not currently bankrupt

How to apply for a Money3 personal loan?

The application process only takes five to 10 minutes and can be done through the Money3 website.

Select loan range and loan purpose.
Click ‘Apply Now’ on their website.
Complete the application form.
Submit the online application.
Wait for a response.

Money3 personal loans review

Money3 provides personal loans suitable for those with poor credit history, those who have been bankrupt before and those on Centrelink benefits.

Personal loan customers can borrow up to $12,000, with a maximum term of two years.

Money3 may charge various fees, including an establishment fee, ongoing fees redraw fees and late fees, so if you are applying for a Money3 personal loan, it’s best to read the contract carefully. However, Money3 customers can pay their loan early without penalty.

Money3’s interest rates are high compared with other personal loan lenders. As such, most borrowers with a positive credit record are likely to find that other lenders may have lower interest rates.

If you’re looking for the best personal loan rates for you, it’s worthwhile to compare personal loan rates from several different lenders.

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About our expert

Mark Bristow

Personal Finance Editor

Mark Bristow is RateCity's Home & Personal Finances Editor, and an experienced analyst, researcher, and producer. While primarily focused on Australian mortgage and home loan expertise, he has experience across energy, home and travel insurances. Mark has been a journalist and writer in the financial space for over ten years, previously researching and writing commercial real estate at CoreLogic. In the years since, Mark has worked for the Winning Group, Expedia, and has seen articles published at Lifehacker and Business Insider.

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^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, target market determination fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.

Money3 personal loans

Money3 Personal Loans

Personal Loans calculator