How it works
Tell us how much you need and how often you're paid. You'll need your ID and your online banking details handy.
Instead of asking you to print and scan 90 days of statements, we retrieve them securely through the application form. The connection is encrypted and read-only, we can see your statements, we can't move money from your account.
Most applications are decisioned automatically. Where a manual review is needed, a MoneySpot credit officer looks at your income, your regular commitments and your recent repayment history. We're checking that the repayments fit your budget, not scoring you against a credit rating.
Your contract sets out the full cost before you sign anything. Approve it electronically and we send the funds. Depending on your bank the money can land in minutes.
If you receive benefits, have your benefit statement ready.
We keep it simple and charge flat fees.
3 monthly repayments of
$220.00
*Loans of $5,000 are available to returning customers with a good repayment history.
3 monthly repayments of
$1,045.10
*The comparison rate is 65.5% p.a., calculated on a $2,500 loan over 2 years.
Note: this comparison and term is prescribed to be used as an example under Australian law (National Consumer Credit Protection Regulations 2010 (Cth) Reg 97). MoneySpot does not offer loans over a 2-year term.
WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. (Reg 99(4))
Reading some of the reviews here and I can't imagine what happened to some to give a bad review. My experience with this company has been amazing… They have been quick with their application and approval protocols, and money was in my account instantly. Having had some difficulties lately and my credit file suffering a little for it, these guys still gave me a go and I couldn't be happier. A great team providing a great service. Can highly recommend Money Spot for anyone.
Hi, just wanted to thank you for all your kind help with my loan application. Applying for a loan via your website is incredibly easy. It literally took me under 5 minutes. Very impressed! The funds were in my account almost instantly and I applied after 10pm on a Friday night! Amazing service. Will definitely recommend you to all my family and friends. Thank you very kindly! You guys are fantastic!
Easy and fast process, all online, so easy, no complicated process. Money in account next day. Although high interest rates, I would recommend, as long as u read before u sign and make sure u can afford the repayments. Money Spot can help you out of sticky situations or if an emergency happens. Phone number also in Australia if u need to change or switch pay dates.
I've been with them now for 7 months. Been amazing service whenever I need cash, and if you pay back on time they will help. If you are good in repaying back on time they will take care of you more; if you go into arrears they will not trust you. That's any big or small companies or banks.
Amazing work. I have been a huge supporter of them. Me and my husband have had loans with them in the past. They're fantastic, great people, they have great support. I would like to thank them for their service. Thanks again!
Very quick and simple, had a good experience. Highly recommend!
