Information on our personal loan interest rates and fees

At MoneyPlace we personalise our interest rates and fees to your individual circumstances. Our interest rates range from 7.65% to 26.99% — and our establishment fee ranges from $0 to $950 — depending on your financial situation.

How we work out your interest rate

To determine your interest rate, and therefore your fees, we rely information from a number of sources including your credit file and credit score. Your credit score is calculated using a range of information, which includes your personal details, the type of credit providers you've applied for credit with, the number of credit enquiries you've had, and unpaid or overdue loans.

We also rely the information provided to us by you on the rate estimate form.

We analyse all this information to determine an indicative interest rate for you. The more accurate you are in completing the rate estimate form, the more accurate your rate estimate will be.

The rate estimate is intended to help you make a decision about applying for a loan with us. If you decide to apply for a loan we will verify any information you provide us. We’ll do our best to flag any inconsistencies with you during the application process.

If we make you a loan offer, we’ll confirm your interest rate and any fees payable and you’ll have 14 days to review the offer and accept the loan. If you change your mind, it's no problem at all, you don’t have to go ahead with the loan and it won’t cost you a thing.