This OurMoneyMarket Personal Loan review will show you all you must know about getting a loan with affordability and flexibility.

As you probably know, borrowing money requires some attention, especially regarding fees and rates.

On the other hand, you may find it interesting that OurMoneyMarket offers one of the lowest rates on the market.

As shown, the amount is reasonable, and the terms are flexible. Although rates are competitive, some fees apply.

OurMoneyMarket offers personal loans for any kind of reason you might have, from covering medical expenses to being able to travel abroad.

In fact, you can use the loan for debt consolidation, a vehicle purchase, to cover a holiday, a wedding, home renovations, education, and to cover medical or cosmetic expenses.

In the first place, you can borrow up to $75,000. Also, the rate starts as low as 6.69% p.a.

Secondly, you can repay the loan in one to seven years. The application is easy and quick and can be done in three easy steps. 

Also, it is important to mention that the loans are unsecured, and all Australian residents can sign up for them. However, some simple eligibility requirements apply, as can be seen in the following post.

In addition, all loans are fixed-rate, which means the repayment installments will never change. The rates will be calculated based on some factors, including your credit history. 

Fortunately, there are no prepayment penalties or early exit fees. Moreover, there are no monthly fees whatsoever.

OurMoneyMarket charges a once-off establishment fee included in your loan amount. Other fees may apply depending on your requirements.

For instance, if you need to vary the terms of your loan, a loan variation fee of only $35 will be charged. The loan cancellation fee is $150, though.

As shown in this OurMoneyMarket Personal Loan review, the loans are reasonable and affordable. 

There are no monthly fees or prepayment penalties. Even though other fees may apply, they are also low.

Additionally, OMM is pretty well-reviewed and has been awarded for consecutive years.

OMM requires an acceptable credit history with no undischarged bankruptcy. Some other eligibility requirements apply, too.

If you need to borrow up to $75,000 at low rates, learn how fast it is to apply for an OurMoneyMarket Personal Loan in the next post!