Oz Money

• Short-term loans up to $15,000
• Low-interest starting from 48%
• Repayment up to 24 months

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Oz Money - Their loans are easy to apply for

Their system is completely online, that means that there is no annoying paperwork. It's free to apply and there is no obligation to take the approved loan.

Can you apply?

You will be able to apply for one of their short-term loans if:

• You must be an Australian citizen
• You must be 18 years or older
• You will need to supply a 90-day bank statement
• And 2 most recent payslips

They are a responsible lender so if your income is solely formed Centrelink they will not be able to grant you a loan.

Does your business qualify?

OZ Money offers business loans to the amount of $250,000 to 12 months to repay the loan amount.

Your business could qualify if you meet the following criteria:

• You must have been trading in Australia for at least 18 months.
• Your turnover must be at least $200,000

Outcome within 24 hours

If you meet these criteria they will perform a credit assessment and give you an outcome within 24 hours.

To apply is completely free and there is no obligation to take the loan. Their contracts are transparent and there are no hidden fees or early repayment penalties.  If your loan is approved the money will be paid directly into your bank account.

Can you apply if you have a bad credit score?

OZ Money does perform a credit check to make sure that you can afford to apply or a loan.

If your credit history is bad they may still be able to grant you a bad credit loan as they assess each application on your individual circumstances so just because you have had financial trouble in the past does not automatically mean your loan application will be declined.

Why would your loan application be declined?

As a responsible lender, they will only grant you a loan if granting the loan does not put you under more financial strain. Your application could be declined if your supporting documents are not clear or show inconsistencies or if you have previously defaulted on a loan before.

If your loan application has been declined, they will help you to understand why and put you in contact with a debt counsellor if necessary or help you clear up the problem if possible.

If your loan application has been declined previously and your circumstances have changed and become better they will reconsider your application.

Is your banking information safe?

To ensure that your banking information remains safe, they use an encrypted 256-bit encryption with 2048 bit keys. Your data is 100% safe as even if it is hacked it can’t be read without the encryption key. They also have physical, electronic and managerial procedures in place to further safeguard your sensitive information and make sure that it doesn’t fall into the wrong hands.