MoneyPlace is a fully licenced peer-to-peer (P2P) digital lender that specialises in providing a range of unsecured and secured personal loans on fixed-rate terms. 

MoneyPlace’s headquarters are located in Melbourne. Founded by a former NAB banker in 2015, the fintech became Australia’s second fully licenced marketplace lending platform upon its establishment. In the same year, MoneyPlace entered into a five-year partnership with Auswide Bank. In 2018, the organisation was acquired by consumer finance services company Liberty Financial Group.  

Loans available at MoneyPlace can be used for debt consolidation, home improvement, and car purchases. It also offers financing to fund educational training, travel, or wedding. However, it doesn’t extend loans intended for business purposes. 

The digital lender offers personalised fixed rates based on the applicant’s financial profile. Would-be borrowers’ ‘risk band’ is determined by their credit score. This ranges from ‘poor’ to ‘excellent’, and will impact the interest rate and the maximum loan amount as well as the establishment fee they need to pay. 

MoneyPlace offers flexible repayment terms extending up to seven years and boasts zero ongoing fees. The lender also claims no fees will be charged for early and extra repayments made.