How a Moneyspot loan works
Four steps, about four minutes of your time, and money in your account inside the hour*. We assess applications 24/7.
- 1
Apply online (about 4 minutes)
Tell us how much you need and how often you're paid. You'll need your ID and your online banking details handy.
- 2
Connect your bank (about 2 minutes)
Instead of asking you to print and scan 90 days of statements, we retrieve them securely through the application form. The connection is encrypted and read-only, we can see your statements, we can’t move money from your account.
- 3
We assess your application
Most applications are decisioned automatically. Where a manual review is needed, a Moneyspot credit officer looks at your income, your regular commitments and your recent repayment history. We’re checking that the repayments fit your budget, not scoring you against a credit rating.
- 4
Sign and get funded
Your contract sets out the full cost before you sign anything. Approve it electronically and we send the funds. Depending on your bank the money can land in minutes.
*The application takes about four minutes. Processing usually takes about an hour. Some applications need a manual review and take a little longer, and how quickly the money lands also depends on your bank.
The fine print
Rates and terms
The limits that apply, and the representative example this page's figures are drawn from.
| Amount | $200 – $5,000 |
|---|---|
| Term | 3 – 24 months |
| Rate range | 0% – 48% |
| Representative rate | to be confirmed |
| Figures current as of | 2026-09-09 |
Representative example: borrow $200 over 3 months at to be confirmed p.a. Fees and the total repayable are disclosed before you apply, final wording pending compliance sign-off.
Loans of $2,000 or less charge a 20% establishment fee and 4% monthly fee, with 0% interest. Loans from $2,050 to $5,000 charge a $400 establishment fee plus interest at 48% per annum. Full fees, worked examples and the conditional charges that may apply are set out on our costs page.