Borrowing with DirectMoney

An interest rate up to 3% lower¹ than the Big Four

For any worthwhile need, a DirectMoney Personal Loan gives you the flexibility you want at a very competitive rate - from 9.95% p.a.2 (comparison rate 10.82% p.a.4*)

In fact, we reward people with good credit histories with a lower rate.

Product Features and Fees

Loan Purpose Any worthwhile purpose
Security Required Security may be requested for certain loan purposes.
Interest Rate² Fixed from 9.5% p.a.      3 year loan
Fixed from 9.95% p.a.      5 year loan
Comparison Rate From 13.76% p.a.3*      $10,000.00 over 3 years
From 10.82% p.a.4*      $30,000.00 over 5 years
Interest Calculated Daily
Establishment Fee $595
Loan Amount $5000 – $35000
Term 3 or 5 years
Repayment Method Direct debit
Repayment Type Principal and Interest, in equal amortised amounts
Repayment Frequency Monthly direct debit
Early Repayments Yes
Early Repayment Fee Nil
Annual Fee Nil
Account Administration Fee Nil
Late Payment Fee $25
Payment Dishonour Fee $2.75

A DirectMoney loan can be provided for many purposes, including:

  • Debt consolidation
  • Buying a vehicle
  • Home renovations
  • Wedding
  • Travel
  • Other

Eligibility criteria:

To be eligible for a DirectMoney personal loan you must meet the following criteria:

  •    Employed and gross income over 30,000
  •    18 years of age or older
  •    No defaults last 5 years
  •    No bankruptcies last 7 years
  •    Not currently in hardship
  •    Permanent Australian Citizen currently residing in Australia

1. When comparing DirectMoney's lowest rate on an unsecured loan to similar products from competing lenders, as at July 2016.

2. This rate applies only to borrowers with excellent credit histories. DirectMoney will also offer loans at higher rates to applicants with good histories, but do not meet the requirements for our lowest rates. Click here to view our full rates table.

3. Comparison rate(s) based on $10,000 unsecured loan, fixed over 3 years, with monthly repayments.

4. Comparison rate(s) based on $30,000 unsecured loan, fixed over 5 years, with monthly repayments.

* 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.