Four steps, about four minutes of your time, and money in your account inside the hour*. We assess applications 24/7.
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.
*The application takes about four minutes. Some applications need a manual review and take a little longer, and how quickly the money lands also depends on your bank.
The fine print
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))
