Rating based on 16 reviews


  • Peer-to-peer loans up to $30,000
  • Low-interest starting from 8.99%
  • Repayment up to 60 months

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

About MoneyPlace

MoneyPlace is a peer-to-peer lending platform that originally opened its doors in November 2015.

As a newcomer to the market, they brought with them a unique risk grading system where investors could lend money to borrowers with low-risk profiles for a lower return and to high-risk borrowers for a much higher return.

Changing the way Australians borrow money

From CEO and Founder of MoneyPlace, Stuart Stoyan and their Head of Compliance Steven O’Connell to Melanie Nguyen leading their Client Services division – MoneyPlace is an Australian start-up with a powerful and determined team.

According to their website and media reports, they had a difficult time getting approval for their peer-to-peer lending business model but were determined to see it through and eventually got their approval from the ASIC.

Their main goal was to ensure that they initiated and facilitated change in Australia’s lending industry by bringing in the world’s best P2P practices and they certainly succeeded.

Personal loans with a difference

Unlike when you take out a personal cash loan with a bank, MoneyPlace will actually evaluate you as an individual and offer you a rate based on your personal risk assessment profile.

If you have a history of non-payment you may end up being assigned an “F” – meaning you’re the highest-risk borrower that the company is prepared to lend to.

MoneyPlace Services

At MoneyPlace you can get a P2P loan in the range of $5,000 and $35,000 with low-interest rates that start from just 8.99%!

It is, however, important to note that the rate you will be offered and, eventually receive, depends entirely on your personal risk profile which will be determined by MoneyPlace prior to listing the loan on their platform.

Choose your loan amount and loan term

Since MoneyPlace is a lending platform that deals with personal loans for individuals and couples only – not business loans, you cannot apply for a loan as a business entity.

Their loans are meant for individuals only and the uses for the money are unlimited.

Taking the big banks out of the equation

The big banks have very high operational costs and more often than not, overseas investors waiting to get their share of a massive pie.

MoneyPlace has conveniently done the work to take these banks out of the equation and bring borrowers low-interest rates and investors higher-than-average returns.

MoneyPlace – Peer-to-peer loan

  • Loan Type Peer-to-peer loans
  • Interest Rate from 8.99%
  • Loan Amount up to $30,000
  • Repayment 12 months to 60 months
  • Decision 3 days

Benefits of MoneyPlace

  • Apply for a peer-to-peer loan up to $30,000
  • Repayment terms range between 12 months and 60 months
  • Get low interest from 8.99%

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.

Get a peer-to-peer loan today, its quick and easy to apply

In order to apply for a marketplace loan via MoneyPlace you must be over the age of 18, be an AU permanent resident or citizen and be employed while earning $20,000 per annum or more.

It’s also advisable to only apply if you have a good credit history but, people with a missed payment or two are more than welcome to apply as well.

Some general uses for a P2p loan from MoneyPlace

  • Buying a vehicle
  • Consolidating debts
  • Funding a holiday
  • Paying medical bills
  • Purchasing furniture
  • Home renovations and repairs

Get a rate estimate in just 1 minute

MoneyPlace has an automatic rate estimation tool on their website that will give you an estimate of the interest rate you’re likely to pay for a personal loan in just 1 minute.

The online loan application will also only take you about 10 to a maximum of 15 minutes to complete while approval will take no more than 48 hours.

Finally, loans are matched up with investors and once a loan is fully funded they will do an immediate transfer to your account. When they say you can get a quick cash loan via their platform, they mean it!

Ensure that you understand all the terms and conditions of your peer-to-peer loan

While you should be excited that your peer-to-peer loan application has been accepted, you have to ensure that you understand all the terms and conditions of your credit agreement. Their agents will explain everything to you in detail but if you need further clarity, please don’t hesitate to ask.

It is the responsibility of the customer to ensure that his peer-to-peer loan is always paid and up to date. Should you encounter problems that may make it difficult for you to pay your loan on time, please notify them. 

The customer will be liable for paying penalty fees in the event of having a late payment but at least they would have been informed in advance. Don’t wait for the last day of your debit order to make them aware of your financial difficulties.

Can you speed up your peer-to-peer loan applications?

There is no need to try and speed up your loan application process because they do that for you. As soon as they receive your application, they start working on it to ensure that you get your feedback on the same business day.

man holding thumbs up

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

In our review, MoneyPlace 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.

✅ MoneyPlace is a registered credit provider in Australia: ACL 388133

Customer Reviews & Testimonials

April 2019

MoneyPlace goes out of its way to ensure that its customers get an affordable peer to peer loan.

Gregory C
— Lismore —

April 2019

One business day was all it took for me to get back a positive response on my peer to peer loan application.

Ernest T
— Perth —

MoneyPlace Contact

Contact Number


  • not available


Physical Address

Postal Address

  • PO Box 206, Collins Street West, 8007, Australia

Opening Hours

  • Monday 9.00am – 5.00pm
  • Tuesday 9.00am – 5.00pm
  • Wednesday 9.00am – 5.00pm
  • Thursday 9.00am – 5.00pm
  • Friday 9.00am – 5.00pm
  • Saturday
  • Sunday