OurMoneyMarket offers a variety of car loans that cater to different needs. The brand provides loans for both new and used vehicles, including cars, caravans, motorbikes, and motorboats.

These loans can range from $5,000 to $75,000 with terms of 1 to 7 years. Borrowers can choose between secured and unsecured loan options, with fixed interest rates ensuring stable repayment amounts throughout the term.

There are no account keeping fees, prepayment fees, or early exit fees, allowing for flexibility in loan management. Borrowers can choose between monthly, fortnightly, and weekly repayments.

Would-be OMM customers can get a quick quote so they can know what their interest rate will be without launching into a full application. From there, the application can take as little as five minutes with approval achievable in less than 60 seconds.

OMM Car Loan Eligibility

  • You are aged 18 years or older;

  • Your after-tax income is greater than or equal to $25,000 per annum;

  • You have an acceptable credit history with OurMoneyMarket’s credit bureau of choice (illion), as determined at OurMoneyMarket’s discretion;

  • You are not in hardship with another financial provider;

  • There are no undischarged bankruptcy listings on your credit file

You will also need to provide personal and financial information as part of your application as well as three months' worth of bank statements.