Why Moneyspot
What you can expect from us, how we assess an application, and what our customers say. Every loan we write is a Small Amount or Medium Amount Credit Contract, assessed under the responsible lending obligations in the National Consumer Credit Protection Act.
- ASIC regulated
- AFCA member
Why us
What sets us apart
Your credit history doesn’t have to be perfect
You generally do the right thing and pay off your debts, and sometimes that takes time. We won’t penalise you because you’ve had some bad luck and your credit file isn’t perfect. What we look for is a recent history of repayment, and whether you can afford this one.
Fast, and honest about how fast
The application takes about four minutes. We accept and assess applications 24/7, and most customers are funded within an hour of approval. Some applications need a manual review and take a little longer, and how quickly the money lands also depends on your bank.
Repayments matched to your pay cycle
Repayments come out by direct debit on the days your income lands, weekly, fortnightly or monthly. No repayment falling due before your wages do.
No penalty for paying it out early
Pay your loan out ahead of schedule and there’s no fee for doing it. Card payments land instantly; bank transfers take one to two business days. There are no account-keeping or ongoing fees either.
What makes us different
How we assess, plainly
- We look at recent repayment history, not just a score
- Repayment frequency matches your pay cycle
- No paperwork, statements retrieved securely
- You see the full cost before you sign, and it doesn't change
- Borrowed with us before? No credit enquiry, and no impact on your credit score
Reviews
What people say
4.7 from 1,240 reviews
Applied on my lunch break and the money was there before I finished work. The repayment dates lined up with my pay, which made it easy to keep on top of.
The car needed a new clutch the week before Christmas. What I liked was seeing the total cost before I applied rather than after.
I had to move a repayment after a shift got cancelled. One phone call and it was sorted without a fuss.