Rating based on 11 reviews


  • Peer-to-peer loans up to $50,000
  • Low-interest starting from 13.32%
  • Repayment up to 48 months

In-page navigation

DirectMoney homepage
Author DirectMoney. Screenshot of DirectMoney website.
[Accessed May 26, 2023]

About DirectMoney

The company offers P2P loans that can be used for a wide range of personal uses but, cannot be used for business or commercial purposes, in the range of $5,000 to $35,000.

Possible uses for a P2P Loan:

  • For wedding expenses
  • For holidays
  • To purchase a vehicle (car loans)
  • For local and international travel expenses (including airfare and hotel stays)
  • To consolidate existing consumer debts

DirectMoney’s experienced management team

DirectMoney can certainly be said to boast one of the most powerful and experienced management teams in the marketplace lending industry with names such as Anthony Nantes and David Doust who designed the “HomeStake” residential property forecasting index making the list, to name but a few.

With such an experienced and well-balanced team of managers, it’s no wonder that DirectMoney has been growing from strength to strength since 2014 when it began operating. The company has reported its primary mission to be that of maximising profits for investors while offering borrowers the lowest rate personal loans on the market.

DirectMoney Services

DirectMoney was initially founded in 2006 and began trading publically in 2014 as one of Australia’s first peer-to-peer loan service providers.

The company primarily offers unsecured personal loans to individuals and claims to offer loans that are “up to 3% lower than the Big Four”.

Loans from $5,000 to $35,000

Whether you’re looking to buy a car and finally be able to make it to work on time every day or to pay for your upcoming special day (roses, dressing gown, catering and venue included), a peer-to-peer loan from a lender like DirectMoney will certainly be able to do the job at a much lower rate than you’ll get from a bank.

Have a good credit score?

Get the lowest rate in Australia. As with any other P2P lender, the interest rate that you’ll be offered depends on your personal credit standing - with those that have excellent credit scores and clear histories being able to access some of the country's lowest interest rates.

If you’ve taken care of your credit over the years – you deserve a low-interest rate and DirectMoney is a lender that can give it to you.

DirectMoney – Peer-to-peer loan

  • Loan Type Peer-to-peer loans
  • Interest Rate from 13.32%
  • Loan Amount up to $50,000
  • Repayment 12 months to 48 months

Benefits of DirectMoney

  • Peer-to-peer loans
  • Interest rates starting from 13.32%
  • Get a loan up to $50,000

Peer-to-peer loan calculator

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

Applying for a peer-to-peer loan is easy, visit their website today

One of the greatest advantages of applying for credit online using a P2P lender is the simple loan application processes and quick response times you’ll benefit from.

Unlike large banks and traditional lenders – a peer-to-peer lender allows you to take care of business without ever leaving your home or office and – in a fraction of the typical application time.

Check rates, fees and penalties online

DirectMoney’s website contains a large amount of information regarding the personal loans they offer including a full list of all the rates and fees you’re likely to incur when getting your loan through this marketplace lending platform.

Here are a few key features of DirectMoney’s loans:

  • An annual interest rate from 9.95% to 19.95%
  • Loan amount from $5,000 to $35,000
  • Loan terms of either 3 or 5 years
  • Late repayment penalty of $25
  • A payment dishonour fee of $2.75
  • You pay no annual fees
  • You pay no early repayment fees
  • These loans can only be used for personal uses

To obtain a loan with DirectMoney you’ll have to visit their website, select the desired loan amount, the purpose of the loan and your current credit standing (excellent, good, fair and difficult) and then, click on the “get started” tab to begin your online loan application.

Which is the most convenient way of paying your peer-to-peer loan?

The most convenient way of paying your peer-to-peer loan is via the debit order system. This way, there is no need to constantly remember the date as everything is automated. The customer has to ensure that there are sufficient funds in their bank account on the agreed-upon date for a successful payment collection.

For this reason, the client has to pick a date when he is certain that there will be sufficient funds in his bank account. A missed payment will result in penalty fees for the customer. They usually advise their customers to not apply for a peer-to-peer loan if they are not sure that they will have money on the payment date.

How can you fast-track your peer-to-peer loan applications?

Direct Money always ensures that its customers receive feedback on their credit applications on the very same day. They know that clients usually want to make use of the money right away and this is the reason why they don’t delay.

They will also inform you if your loan application was unsuccessful and they will you valid reasons as to why this was the case.

man holding thumbs up

DirectMoney is a trusted & reliable provider of peer-to-peer loans

In our review, DirectMoney 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.

✅ DirectMoney is a registered credit provider in Australia: ACL 458572

Customer Reviews & Testimonials

December 2018

With Direct Money, I knew that I would get a peer to peer loan I can afford to pay.

Peter J
— Sydney —

February 2019

I was happy to realize how fast and convenient the peer to peer loan application system was when I used Direct Money’s website.

Heather P
— Queensland —

March 2019

One business day was all it took before my peer to peer loan was approved.

Rick N
— Bunbury —

DirectMoney Contact

Contact Number


  • not available


Physical Address

Opening Hours

  • Monday 09:00 – 17:30
  • Tuesday 09:00 – 17:30
  • Wednesday 09:00 – 17:30
  • Thursday 09:00 – 17:30
  • Friday 09:00 – 17:30
  • Saturday – Closed
  • Sunday – Closed