Our Money Market: Legit Australian Personal Loans Review

OurMoneyMarket has built a reputation for low-rate personal loans and a fully online application process, but how much of that is marketing versus what borrowers actually experience? This review cuts through the claims to give you the specifics on legitimacy, ownership, fees, and real customer feedback.

Loan Range: $2,000 to $75,000 · Loan Type: Personal loans, secured or unsecured · Target Market: Australians · Application Process: 100% online · Review Source: ProductReview and Forbes

The table below consolidates the verified specifications for OurMoneyMarket’s personal loan offerings based on regulatory and comparison data.

Is OurMoneyMarket legitimate?

Yes. OurMoneyMarket is a legitimate Australian personal loan provider operating under ASIC regulation. The company holds Australian Credit Licence Number 488228, confirming its regulatory standing with the Australian Securities and Investments Commission.

The company was founded in 2017 and operates entirely online, distinguishing itself from traditional banks by specialising in personal loans only. According to InfoChoice, OurMoneyMarket acts as an originator, underwriter, servicer, and investor of loans provided through the OurMoneyMarket Investment Trust. OurMoneyMarket is not authorised under the Banking Act and is not supervised by APRA, the Australian Prudential Regulation Authority.

Customer reviews

OurMoneyMarket car loans received 4.4 out of 5 stars from 1,250 genuine reviews on ProductReview.com.au. Reviews indicate that customers appreciate the streamlined online application and competitive rates for borrowers with strong credit histories. Forbes Advisor analysis has included OurMoneyMarket in personal loan comparisons, lending additional credibility to its market position.

The implication: regulatory legitimacy under ASIC does not automatically grant the prudential protections that come with banking authorisation, so borrowers should understand what safeguards apply to their specific situation.

Forbes Advisor analysis

Forbes Advisor has included OurMoneyMarket in personal loan comparisons, noting its position as an online-only lender targeting creditworthy Australian borrowers. The platform differentiates itself from payday lenders by maintaining stringent lending standards and offering loans only to borrowers who meet specific creditworthiness criteria.

Is OurMoneyMarket a bank?

No. OurMoneyMarket is explicitly not a bank. The company’s official FAQ states that it is not authorised under the Banking Act and is not supervised by APRA. This distinction is important for consumers: OurMoneyMarket operates as a personal loan specialist under an ASIC credit licence, not as a deposit-taking institution.

Loan provider vs bank distinction

This distinction carries regulatory implications. Banks in Australia benefit from additional prudential oversight and depositor protection schemes. OurMoneyMarket, as a non-bank lender, falls under ASIC’s regulatory umbrella for credit providers but does not receive the same prudential supervision as authorised deposit-taking institutions.

Services offered

OurMoneyMarket offers unsecured personal loans up to $75,000 and secured loans up to $100,000. The platform uses risk-based pricing where borrower credit profiles directly influence the interest rate offered. Loan terms range from 1 to 7 years with repayment options including fortnightly, monthly, and weekly schedules. The company also provides redraw facilities on personal loans.

The pattern: secured loans extending to $100,000 signal a broader product range than the headline unsecured maximum, yet risk-based pricing means the rate you receive depends heavily on creditworthiness rather than loan type alone.

Who owns OurMoneyMarket?

OurMoneyMarket Holdings Pty Ltd is the holding entity. The company was established by Adam Sutherland, Bruce Sutherland, and Crystal Anderson. Bruce Sutherland serves as CEO and comes from a business and wholesale banking background at National Australia Bank (NAB), according to InfoChoice.

OurMoneyMarket Holdings Pty Ltd

The holding company structure places OurMoneyMarket within Australia’s fintech lending sector. Bloomberg Intelligence reports indicate that Australia’s corporate regulator has threatened tougher legal action against private credit funds that fail to protect investors, which places peer-to-peer and marketplace lending platforms like OurMoneyMarket under increased regulatory scrutiny.

Nick Molnar connection

The search query “Is Nick Molnar a billionaire?” appears frequently in related searches, likely driven by Molnar’s public profile and association with other fintech ventures. However, no verified evidence links Nick Molnar to ownership of OurMoneyMarket. Molnar is associated with the molnar.com.au domain, which is distinct from OurMoneyMarket Holdings Pty Ltd. Claims about Molnar’s ownership stake in OurMoneyMarket remain unverified and appear to be confusion with his separate fintech activities.

The catch: fintech sector opacity extends to ownership structures, and the absence of publicly listed status means shareholders beyond the founding team remain undisclosed.

What are the fees for OurMoneyMarket?

OurMoneyMarket offers loans with rates starting from 6.28% p.a. for borrowers with strong credit histories, according to Mozo’s comparison analysis. The platform charges $0 monthly fees, which is a notable advantage over many traditional lenders. However, rates can reach 18.99% p.a. for borrowers with weaker credit profiles, with comparison rates reaching 21.78% p.a.

Rates and fees page details

The interest rate you receive depends entirely on your credit profile. OurMoneyMarket employs risk-based pricing, meaning borrowers with strong credit histories may access rates starting from 6.28% p.a., while those with weaker profiles could face rates up to 18.99% p.a. (comparison rate 21.78% p.a.). There are no early repayment fees, allowing borrowers to pay off loans ahead of schedule without penalty.

Loan cost breakdown

Loan amounts range from $2,000 to $75,000, with terms from 1 to 7 years. Monthly fees are $0, which means the cost of the loan is determined solely by the interest rate and any applicable establishment fees (which vary by loan type and amount). The average new personal loan amount across Australia is $18,169, according to Money.com.au, which provides context for what typical borrowers request.

What this means: the fee structure is transparent on surface terms, but risk-based pricing creates a wide effective cost range that only becomes clear after applying.

What are OurMoneyMarket reviews like?

OurMoneyMarket car loans received 4.4 out of 5 stars from 1,250 genuine reviews on ProductReview.com.au, which represents a strong rating for a lending product. The platform also received an award in 2023, according to ProductReview.com.au.

Customer feedback

Customer reviews on ProductReview.com.au indicate satisfaction with the online application process, competitive rates for qualified borrowers, and responsive customer service. Negative reviews typically relate to rate rejections for applicants who didn’t meet creditworthiness criteria, which is a standard part of responsible lending assessments rather than a platform flaw.

Forbes pros and cons

Forbes Advisor has identified OurMoneyMarket as a viable option for Australian borrowers seeking competitive personal loan rates without the overhead of traditional banking relationships. Key advantages include the fully online process, no monthly fees, and flexible repayment options. Potential disadvantages include the credit score dependency of pricing and the lack of deposit protection.

Australians borrowed around $9.3 billion in fixed-term personal loans in the September quarter of 2025, and personal loan borrowing has climbed steadily since June 2020 and has reached a record high, according to Money.com.au.

— Money.com.au personal loan statistics

Vehicle purchase accounts for 45% of personal loan purposes in Australia, with debt consolidation at 29% and home improvement at 9%.

— Money.com.au personal loan statistics

The Australian personal loan market has grown substantially, reaching $9.3 billion in fixed-term personal loans during the September 2025 quarter. OurMoneyMarket occupies a legitimate niche in this growing market as an ASIC-regulated lender with competitive rates for qualified borrowers. However, borrowers should weigh the lack of traditional bank protections against the platform’s fee advantages and streamlined online experience.

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Frequently asked questions