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loans with a difference. The company offers P2P loans that can be used for a wide range of personal uses but, cannot be used for business or commercial purposes, in the range of $5,000 to $35,000.
Possible uses for a P2P Loan:
- For wedding expenses
- For holidays
- To purchase a vehicle (car loans)
- For local and international travel expenses (including airfare and hotel stays)
- To consolidate existing consumer debts
DirectMoney’s experienced management team
DirectMoney can certainly be said to boast one of the most powerful and experienced management teams in the matketplace lending industry with names such as Anthony Nantes and David Doust who designed the “HomeStake” residential property forecasting index making the list, to name but a few.
With such an experienced and well-balanced team of managers, it’s no wonder that DirectMoney has been growing from strength to strength since 2014 when they began operating. The company has reported its primary mission to be that of maximizing profits for investors while offering borrowers the lowest rate personal loans on the market.
What DirectMoney can offer you
DirectMoney was initially founded in 2006 and began trading publically in 2014 as one of Australia’s first peer-to-peer loan service providers.
The company primarily offers unsecured personal loans to individuals and claims to offer loans that are “up to 3% lower than the Big Four”.
Loans from $5,000 to $35,000
Whether you’re looking to buy a car and finally be able to make it to work on time everyday or to pay for your upcoming special day (roses, dressing gown, catering and venue included), a peer-to-peer loan from a lender like DirectMoney will certainly be able to do the job at a much lower rate than you’ll get from a bank.
Have a good credit score?
Get the Lowest Rate in Australia. As with any other P2P lender, the interest rate that you’ll be offered depends on your personal credit standing - with those that have excellent credit scores and clear histories being able to access some of the countries lowest interest rates.
If you’ve taken care of your credit over the years – you deserve a low-interest rate and DirectMoney is a lender that can give it to you.
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In a Nutshell
Applying for a peer-to-peer loan is easy, visit our website today
One of the greatest advantages of applying for credit online using a P2P lender is the simple loan application processes and quick response times you’ll benefit from.
Unlike with large banks and traditional lenders – a peer-to-peer lender allows you to take care of business without ever leaving your home or office and – in a fraction of the typical application time.
Check rates, fees and penalties online
DirectMoney’s website contains a large amount of information regarding the personal loans they offer including a full list of all the rates and fees you’re likely to incur when getting your loan through this marketplace lending platform.
Here are a few key features of DirectMoney’s loans:
- An annual interest rate from 9.95% to 19.95%
- Loan amount from $5,000 to $35,000
- Loan terms of either 3 or 5 years
- Late repayment penalty of $25
- A payment dishonor fee of $2.75
- You pay no annual fees
- You pay no early repayment fees
- These loans can only be used for personal uses
To obtain a loan with DirectMoney you’ll have to visit their website, select the desired loan amount, the purpose of the loan and your current credit standing (excellent, good, fair and difficult) and then, click on the “get started” tab to begin your online loan application.
Which is the convenient way of paying my peer to peer loan?
The most convenient way of paying your peer to peer loan is via the debit order system. This way, there is no need to constantly remember the date as everything is automated. The customer has to ensure that there are sufficient funds on their bank account on the agreed upon date for a successful payment collection.
For this reason, the client has to pick a date that he is certain that there will be sufficient funds on his bank account. A missed payment will result in penalty fees for the customer. We usually advise our customers to not apply for a peer to peer loan if they are not sure that they will have money on the payment date.
How can I fast track my peer to peer loan application?
Direct Money always ensures that its customers receive feedback on their credit applications on the very same day. We know that clients usually want to make use of the money right away and this is the reason why we don’t delay.
We will also inform you if your loan application was unsuccessful and we will you valid reasons as to why this was the case.
Eligibility & Requirements
Other Products & Services
- Peer to Peer Loans
Customer Reviews & Testimonials
With Direct Money, I knew that I would get a peer to peer loan I can afford to pay.
— Sydney —
I was happy to realize how fast and convenient the peer to peer loan application system was when I used Direct Money’s website.
— Queensland —
One business day was all it took before my peer to peer loan was approved.
— Bunbury —