Get A Quick Cash Loan
To Enjoy The Small Moments In Life

How Much Do You Need?

4
Weekly
Repayments of $26.40. Total To Repay:$264.00

The above example includes an establishment fee of 20% and monthly fees of 4% per month of the loan amount over the selected pay period. The example is also based on the assumption that repayments are made on time as per the original loan contract terms otherwise other fees and charges are payable

Apply for a Personal Loan

MoneySpot personal loans are a fast and easy way to cover expenses up to $10,000. They are unsecured loans and work to a fixed repayment schedule of small repayments that lasts no longer than one year, and can be repaid early without penalty. MoneySpot personal loans may be used to consolidate other smaller loans, meet a temporary cash shortfall, cover travel arrangements, or support a larger purchase, such as a car.

Applying for a MoneySpot personal loans is easy. Use the online application form on our site, and simply select the amount you wish to apply for. The slider provides a good indication of how much the individual repayments will be, whether they be weekly, fortnightly or monthly. The repayments are designed to coincide with the dates on which you are paid over the term of your loan.

Completing your application will only take a few minutes, and a quick decision to approve your personal loan will follow. We understand that you want to know the outcome of your application, and have the funds deposited in your account as soon as possible. This may take only a few minutes, depending on who you bank with. Make sure you have your bank details, email and mobile phone number at hand, as we will need these during the application process.

MoneySpot Loans range from $200 to $10,000. The cost of your loan will depend on the amount you borrow and the length of time you borrow it for. This is disclosed to you in the loan contract, before you decide to borrow, as well as any other charges that may apply in the future, such as late payment fees. There is more on this in our FAQ page.

One of the main factors in assessing your loan application is to make sure that your repayments are affordable to you. A lot can happen over a year and this is one of the keys to responsible lending. If the amount you apply for is considered too large, our assessment team is flexible, and will be able to provide you with a lower amount on easier repayment terms. Once you have repaid your loan you will have a track record with us that we can use to favourably assess any subsequent applications.

Successful MoneySpot personal loan customers are full-time employed and have stable and regular incomes and their credit history is not bad. A credit check will be performed to verify this. If the majority of your income is from government benefits, you will not qualify for a MoneySpot Loan, no matter what the size. There are other specialist credit providers that service that demand.

Once you have a personal loan with MoneySpot, keeping a track of your loan balance and repayment schedule is easy, via our customer portal. Simply Login to see your history and manage your account details. If you have any queries you can call our office on 1300 048 156, and we are approving applications until 8.30pm every night of the week.

Unsecured Personal Loans

An unsecured personal loan is a loan where we don’t require a charge over any of your personal assets as collateral for a loan.

A Moneyspot unsecured personal loan is on the same terms as our small amount and cash advance loan products meaning, the repayments are aligned with the date the borrower is paid. This type of lending has experienced massive growth because of its speed and convenience. The entire process is online with no paperwork and you can have your money in less than an hour.

Unsecured personal loans are great for home renovations, going on holidays or paying off outstanding debts. They are often used as an alternative to credit cards because there is a fixed repayment schedule, so you know when your loan will be fully repaid.

Credit files are routinely reviewed during the application process for your first Unsecured Personal loan with Moneyspot. Bankruptcy, judgements, defaults, and credit inquiries are all taken into account in the decision to extend credit to a new customer. At Moneyspot we will not lend to customers who have a record of bankruptcy or a magistrate’s court judgement against them. Also, if the majority of your income comes from Centrelink, we will not accept you for a loan.

A default on your credit file occurs when a debt has not been repaid. The most common defaults that we see are from utility and mobile phone companies. They remain on your file for 5 years, and whilst older defaults may not necessarily be an accurate depiction of your current financial circumstances, and your capacity to repay your current Unsecured Personal loan, recent defaults are and will result in a decline of your Unsecured Personal loan application.

Moneyspot will verify your identity, in some cases check your credit file, and require the most recent 90 days of transaction history from the bank account into which your income is paid.

You do not have to send us paper copies of your bank statements – the easiest way to supply this information is to automatically download it via our online application. It’s secure, takes less than a minute, and will require your online banking user name and password during the application process.

If you have more than one bank account where you are paid income, you must provide 90 days of statements for each account. This information helps us assess the affordability of the repayments for the loan.

Other information may be required depending on your credit history, if there are or have been any other loan repayments, or your income has been irregular.

There are extra fees if you fail to pay back your loan including a failed repayment fee of $35 each time a repayment is dishonoured or re-scheduled; a $50 collection fee if we have to send your loan to an external debt collection agency; and all collection agency fees.

But most importantly, failing to repay a loan may result in a credit default listed against your name. The default can last up to 5 years and can adversely affect your chances of obtaining credit in the future.

Small Loans

MoneySpot is a specialist credit provider in small loans. We are open and processing loan applications 24/7. MoneySpot loans range from $200 to $10,000 for a maximum loan term of one year. The loan term available changes depending on the size of the loan that you apply for. For example, whilst you are able to apply for a $10,000 loan that has repayments over the course of a year, our $200 loans are available to be repaid over a maximum 3 month period. The slider at the top of the page will give you an indication of the repayments for the type of loan you choose.

Our Small loans are completely online and can be an ideal way to meet unexpected expenses, plan for upcoming travel arrangements, or make a particular purchase. There is no paperwork, hidden fees or fine print to consider. The application is 100% online and takes just a few minutes. You just need your bank and contact details at the ready at the time you apply. Once complete, the funds can be transferred an hour.

Your Small Loan repayment schedule will be presented to you alongside the costs throughout the application process. Repayments are designed to be as easy and hassle-free as possible, and coincide with your regular salary date. So, if you are paid weekly or monthly, your loan repayments will be deducted from your account via direct debit on the same day.

We have a customer portal that you can login to, to check your repayment history and balance so that you remain up to date. By making regular repayments on time you will establish of good track record with MoneySpot, and this may enable you to borrow larger amounts on more favourable terms in the future.

The assessment process for a small loan at MoneySpot involves a credit check, affordability analysis, as well as Bankstatement and ID verification. However instead of asking for payslips and other time-consuming documentation we are able to automatically verify the information in your application and generate a fast decision. Typically you should expect the funds to be sent to you in an hour or less during normal business hours.

MoneySpot small loan customers are all able to demonstrate stable and regular incomes and their credit history is not bad. Unfortunately, if the majority of your income is from government benefits, you will not qualify for a MoneySpot Loan, no matter what the size. There are other specialist credit providers that service that demand.

Easy Personal Loans

If you are after an easy personal loan then look no further than MoneySpot. At MoneySpot all our personal loans are unsecured, meaning that there is no collateral lodged against the loan. You are able to borrow money for a variety of reasons including debt consolidation, making a purchase, or meeting unexpected expenses without putting up any security against the value of the loan. The online application collected all the information we usually need, and if there are any further questions we’ll contact you. It only takes a few minutes to complete the online application, there is no paperwork to send us, and we can provide you a decision within minutes. You just need your bank details to hand and you can complete the application on your tablet, PC or mobile.

Our personal loans are easy because they have a defined repayment schedule that you agree to upfront. The repayments are withdrawn from your account via direct debit on the day that you are paid, making it easy to manage your day to day budget. We also make it easy by calculating the payments as weekly if you are paid weekly, or fortnightly / monthly if you are paid fortnightly or monthly. There is no need for you to specifically remember to make a payment, put money aside or into an account. We have an easy direct debit system to match your salary dates.

It is easy to keep a track of your personal loan with MoneySpot by logging in to our online portal. From here you can monitor your repayments, outstanding balance, and see your loan history. And you can make any subsequent applications from the portal. Thus, there is no need to go through a full application all over again. Easy.

We also try to make personal loans easy by being clear about who is eligible for a personal loan and who is not. There is nothing more frustrating than spending time applying for a service for which you are not applicable. Easy personal loans at Moneyspot are extended to applicants that can demonstrate regular income, afford the repayments, and are of a decent credit standing. Easy personal loans unfortunately are not available to applicants whose majority source of income is Centrelink.

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Quickcash, 483 Riley Street Surry Hills NSW 2010