Rating based on 37 reviews

My OzMoney

  • Loans bad credit up to $10,000
  • Low-interest starting from 24%
  • Repayment up to 3 years

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My OzMoney homepage
Author My OzMoney. Screenshot of My OzMoney website.
[Accessed May 24, 2023]

About My OzMoney

OzMoney is a lender that has made strides online in appealing to Australians. It's simplified and very well thought-out site is a pleasure to navigate.

Presenting as a modern-day option with all of the savvy and charm consumers have come to expect online, it’s not hard to see why their star is burning brighter. Their welcome graphics and a simplified and logical landing page exemplify a savvy entity’s presence online. OzMoney has hit the nail on the head with its layout and online content.

A strong presence

Managing to be both fun and functional, the site has benchmarked easy online loan applications. A smart tone and feel pervade this lender’s online presence. Mandatory information is available onsite too but all that is presented both via the landing page and accompanying tabs is extremely quick to gauge.

3 loan types

Dividing its bad credit loan offering into 3 ranges - small loans, medium loans and personal loans - OzMoney has all one needs to know right up front.

Emerging online as a direct response to consumer demand, OzMoney charms among its peers with a hugely elementary site that just gets down to brass tacks. Making a loan immediately understandable and simple to apply for, the company has clearly put a lot of design into its presence and service offering.

My OzMoney Services

Notwithstanding a prospective client’s bad credit rating, any Australian 18 or older with a current and demonstrably regular income and a bank account in good standing can apply.

Cleverly employing a box within a box for information onsite, clients know immediately what they are getting into.

Various options to solve bad credit

A small Loan caps at $2,000 and, taking that sum over 2 months will cost a client $160 a week. A medium loan of $5,000 can enjoy a repayment term of up to 2 years.

Taking, for example, $2,500 over 2 years will cost $38 a week. Going further into the personal loans category, where the maximum loan amount is $10,000 and the maximum term is 3 years, repayments remain manageable. Borrowing $10,000 for the maximum term will see a client returning $106 a week. Fortnightly and monthly repayments are also an option.

Loan for any use

While the poor credit loan application process does ask for the reason behind the loan, almost any reason will do. Many usual reasons are listed in the drop-down box when selecting options on this response. Clients are advised to juggle the initial loan amount as well as the term in order to satisfy themselves that they are within a manageable paradigm.

My OzMoney – Bad credit loan

  • Loan Type Loans bad credit
  • Interest Rate from 24%
  • Loan Amount up to $10,000
  • Repayment 4 weeks to 3 years

Benefits of My OzMoney

  • Fast bad credit loans up to $10,000
  • Flexible loan terms up to 3 years
  • Get a loan in 24 hours
  • Interest rates starting from 24%

Bad credit loan calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This bad credit loan calculator is for illustration purposes only.
The use of this loan calculator is subject to our terms of use.

It simply couldn’t be easier!

With extensive detail available on the drop-down and yet still maintaining a fast and uncomplicated site, OzMoney makes an online bad credit advance as simple as it possibly can be.

OzMoney is quick money

While the mandatory criteria need to be met in terms of responsible lending with this company as with all lenders, it’s hard to imagine things being simpler than this online. An application process typically takes less than 5 minutes.

Loan costs and transparency

With a relatively standard 20% on the principal and 4% monthly, OzMoney short term loans are upfront with fees and charges.

On occasion, a loan with non-payment attached may attract slightly different fees. The fact that OzMoney is open to this is a further indication of their value and service offering.

Loans for poor credit

Bad credit loans are not singled out for special attention but rather are absorbed into the seamless flow-through of the application process. While a client’s loan may be capped and a lesser amount offered, this is purely on the back of a genuine affordability analysis. This ties into Australian consumer protection legislation. Anyone seeking a small, quick loan would be hard pressed to do better than one from OzMoney.

An easy, quick and paperless process

Our loans are fast and easy to apply because the application process is completely online. This means that there are no appointments needed to be made, no lines to stand in and of course, no paperwork to work through. We’ve simplified it all to just a simple online form that takes a few minutes to complete. Furthermore, you can also submit your documents online via MoneyBuddy Data. If you submit your application during our business hours, you’ll know the outcome on the same day.

How long will it take to get your funds?

Once your application has been approved, your cash will be transferred to your bank account. Depending on your bank, it could take a few hours or even up to one business day for you to receive the money.

Which documents are needed to apply?

You will need to provide us with a copy of your bank statements for the last 90 days. This is needed because we need to verify your income as well as day-to-day expenses. If, however, we are unable to verify this information from your bank statements, we can request that you send us your two most recent payslips.

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My OzMoney is a trusted & reliable provider of loans bad credit

In our review, My OzMoney adheres to the compliance criteria in accordance with the National Consumer Protection Act, where the granting the loan will not cause financial distress to the consumer.

✅ My OzMoney is a registered credit provider in Australia: ACL 442218

Customer Reviews & Testimonials

November 2018

I got such a personal service even though we were speaking over the phone. Not once did I feel like I was being taken for granted, unlike my previous lender who made me feel like I was a number a...

Kiara M
— Adelaide —

September 2018

Everything was done online which saved me a lot of time and made the whole process simpler to get through.

Samantha W
— Brisbane —

My OzMoney Contact

Physical Address

Opening Hours

  • Monday 08:00 – 19:00
  • Tuesday 08:00 – 19:00
  • Wednesday 08:00 – 19:00
  • Thursday 08:00 – 19:00
  • Friday 08:00 – 19:00
  • Saturday 09:00 – 15:00
  • Sunday 09:00 – 15:00