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We are currently updating our help site. To view the most recent version of this page, please visit:
https://moneyplace.com.au/help/eligibility/what-you-can-use-your-money-for/
You can use your loan proceeds for just about anything so long as you can afford it. You can borrow to invest in shares, consolidate your debts, purchase a car or scooter, solar battery or panels, help with house renovations, travel expenses, wedding costs, medical expenses... your loan can be for just about anything you can think of.
One thing to keep mind is that you can’t borrow funds on behalf of anyone else, so the money must be for you. It also has to be for a legal purpose, and we think that’s fair enough.