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2MoneyPlace

MoneyPlace

 Verifiedmoneyplace.com.au
2MoneyPlace
4.9

1,957 reviews

Positive vs Negative
99%1%
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Average Loan Term6.2 years
Transparency ?
4.8
Customer Service
4.8
Application Process
4.8

 AI reviews summary 

MoneyPlace is highly regarded for its streamlined, digital-first loan process and exceptionally fast funding times, often occurring within hours or the same day as approval. Customers frequently highlight the ease of the online application and the professional, human-led customer service that contrasts positively with traditional banks. The overall sentiment is overwhelmingly positive, with significant praise for the competitive interest rates and transparent terms.

Pros
Rapid Funding: Numerous reports of funds being deposited instantly or within hours of approval, significantly outperforming traditional lenders.
Competitive Rates and Terms: Feedback consistently mentions lower interest rates than major banks, alongside beneficial policies like no exit fees or early repayment penalties.
Efficient Digital Application: The online platform and dashboard are described as user-friendly, clear, and easy to navigate from start to finish.
High-Quality Customer Support: Reviewers frequently praise specific staff members for being responsive, professional, and helpful via phone and email.
Cons
High Establishment Fees: Some users noted that the upfront setup or establishment fees are high compared to other market options.
Rate Discrepancies: Occasional complaints regarding the final interest rate offered being higher than the initial indicative quote provided during the application.
Document Request Process: A small number of users found the back-and-forth for additional documentation repetitive rather than receiving a single, comprehensive request.
Strict Eligibility Criteria: Isolated reports of frustration regarding loan denials for applicants with unconventional financial profiles (e.g., high cash savings vs. bank records).
Verdict

MoneyPlace is an excellent choice for borrowers seeking a fast, hassle-free alternative to traditional banks, particularly for personal or car loans. While establishment fees may be higher for some, the combination of competitive interest rates, no early exit penalties, and rapid same-day funding makes it a highly recommended service.

1,957 reviews
5 Gary  · fantastic turn around very friendly staff money in my account in minutes of signing the contract
5 AMM  · Quick and easy. I received the loan earlier than expected.
5 roy v.  · Very easy to deal with, very quick response the money was available to me straight away, I would highly recommend Moneyplace.
5 Chris  · Very professional and stress free thank you very much everyone
4 Rhonda  · A quick reliable service, it was straightforward and hassle free
5 Rhys  · Money place was fast and friendly thank you alot for your help :)

Reviews with attachments

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peter tanner
peter tanner
 

They’re very quick and very polite to talk to easy to talk to

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Anthony  Bootes
Anthony BootesNSW
  Fair Incentive

Absolutely amazing – The service was absolutely amazing . Will recommend this too everyone.

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Ben Johnstone
Ben JohnstoneQLD
 

Fast approved loans with a very competitive rate – Money Place was a pleasure to work with they helped get my loan approved in a short space time which was needed for the buy I was about to make. Would definitely recommend anyone to use Money Place as they have a very competitive rate and were always willing to help out.

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Tamara Gill
Tamara GillWA5 posts
 

Quick turn around!!! – Very quick approval, everything was done by email so great at replying to you quickly.

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Keith
Keith
 

Aircraft purchase – From start to finish..Michael Sara was very professional,helpful and informative..regarding searching for the best financial solutions in regards to finance for my aircraft..very much appreciated and would not hesitate in recommending him and the company Best wishes and regards Keith King

Latest follow-ups

Bruce
BruceWA
 

I utilised a broker for the loan and found the entire process to be very painless. Very happy with the service and the spend in which the loan was approved.

 Follow-up  · Almost a year into my loan and I can not fault the loan providers. They send a notification before every payment is due to ensure the accounts a balanced.

In-depth reviews

Jack Spratt
Jack Spratt38 posts
 

I write this review simply from the perspective of customer service for prospective customers. I have unusual circumstances which should give me a low rate if they weren't impossible to communicate through the application forms. Since MoneyPlace seemed to be offering low rates I thought they might be worth more effort but the emailed rate came… Read more

through higher than I expected (doesn't it always?). Not deterred I rang in just to clarify the process and to evaluate how flexible and consultative they were. The lady I got was stiff and imperious while maintaining a facile politeness and by giving lengthy irrelevant replies made the conversation slow. I started feeling blocked and got the impression she was defending against the expectation of attacks as she kept stating policy positions which were entirely expected but what I really wanted was an understanding of process. Repeated attempts in warm and relaxed tones to actually get a response to the real question just got repetition of her previous content. MoneyPlace seem defensive with new customers and really need a Christmas Holiday. It doesn't inspire confidence in their service as they seem to be in a bad place so I gave up.

Tra N.
Tra N.WA2 posts
  Verified

Customer Service goes above and beyond - even after the contract has gone through – MoneyPlace is the place to go if you are on the look for a Personal Loan. The process was very straight-forward and simple.. but what really impresses me is the fact that after the money has been organised and my payments have been frequently deducted from my bank account - the customer service does not stop there.... I dealt with Gemma, and she… Read more

was lovely and very polite and understanding of my circumstances. In a nutshell, i wanted to change the day that my payments get deducted from a Tuesday to a Friday.. to which she explained to me that i needed to complete 2 more weekly payments before that can be organised as i needed to make a minimum of 4 payments per month... She was very nice and she made me feel like i was in control of what was happening as opposed to her just telling me what i can and cannot do.. it is this sort of approach that i and many other customers would very much appreciate... and after she told me that, she asked me if i was happy with the arrangement that she proposed and she handed the decision back to me... to which i had agreed - but not before throwing in yet another request to change the frequency of my payments from weekly to fortnightly... to which then Gemma actioned immediately! Now that is what you call the best Customer Service.... And this was all completely digitally and through email too.. as i did not have time to call up MoneyPlace and need to wait on the phone... their response wait time is rather impressive too.. as many other places take up to 2 business days to get back to you... but Gemma.. She had my back.. So thank You Gemma :)

Sara S.
Sara S.QLD
 
Transparency
Customer Service
Application Process

Excellent service – I recently had the pleasure of working with Money Place Lending Company, and I must say, I am thoroughly impressed. From the moment I contacted them, their team was incredibly friendly, responsive, and helpful. One of the things I appreciated the most was their transparency. They were upfront about all the fees and charges associated with the… Read more

loan, and they took the time to explain everything in detail. I never felt like I was being misled or taken advantage of in any way.

The application process was straightforward, and their team was always available to answer any questions I had. They also kept me updated throughout the process, so I never had to wonder what was happening with my application.

When my loan was approved, the funds were transferred quickly, which was a huge relief for me. I was able to use the money for the unexpected expenses that had come up, and I am incredibly grateful to Money Place Lending Company for their help.

Overall, I highly recommend Money Place Lending Company. Their team is friendly, professional, and dedicated to providing excellent service to their customers. If you're looking for a reliable money lending company, look no further than Money Place.

Positive reviews

Debra
DebraQLD
 

With the help of Astute finance, they were able to direct me with Money place for my finance needs. They have been great with communication and sorted out my request to change the day for my direct debit repayments quickly.

Joe
Joe
 

The team from Money Place kept us up to date and informed of the processes all the way through and we always felt very comfortable and not under any pressure at any time. We would highly recommend Money Place for any loan requirements and the rates and charges are more than compatible against the big lenders.

Haley Cassells
Haley CassellsQLD2 posts
 

Being a previous client of MoneyPlace and very happy with their service, I decided to come back again. I looked at other lenders, but MoneyPlace was by far the most competitive when it came to rates and repayments. Their no exit fee policy is what draws me back every time.

Find out how MoneyPlace compares to other Personal Loans

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Negative reviews

Kye
KyeNSW
 

Extremely unprofessional, judgemental and discriminatory toward me all because I save money in cash instead of holding it in the bank. Was denied a 20k loan while having 20k cash saved, own my home, cars and all assets, no open loans, no credit cards, no children or dependents, have never missed a repayment on a loan in the past or have anything… Read more

negative against my name what so ever, while earning in excess of 125k a year. All of which was not enough to receive a loan with $86/week in repayments. Will never recommend this company or have them change my opinion of them now after the way they handled this. To me it sounds like there was something very personal happening in the background because you couldn’t of had a better loanee then myself and the entirety of the loan would of been paid back within the yeah.

Will C
Will CTAS3 posts
 

Perfect credit score and salary on my side. They advertise one rate. Offers another. Phone support advised that was all they could offer and that was it, despite advising during the application process that the figure was indicative until info supplied.

Nik L.
Nik L.Queensland2 posts
 

Outdated and behind the rest – Their use of automated services is subpar and customer service is horrendous. Perhaps invest in providing effective services outside the 9/5pm period and catching up with modern financial institutions.

Recent reviews

Jerome N
Jerome N
 

MoneyPlace was able to assist with my personal loan needs in quick time. They're process is simple and very straightforward. Highly recommended for people who needs an instant boost in cash.

Michelle
MichelleQLD3 posts
 

I got a personal loan through Money Place for some home renovations and was very impressed with how quick and easy the process was. As long as you have all your information ready and provide the documents they need, approval is incredibly fast. My loan was approved quickly, and the funds were in my bank account that same afternoon. I also needed… Read more

to change my direct debit date and repayment amount, and the customer service team made the process simple and hassle-free. Overall, it was a smooth experience from start to finish.

I would definitely use Money Place again if I need a loan in the future. Highly recommended! ⭐⭐⭐⭐⭐

NOAH.F
NOAH.FNSW
  Verified

MoneyPlace has been incredibly helpful and amazing to deal with! Thanks to them, I was able to get my dream bike, even though I have a low credit score. They still came through for me, and I really appreciate that they seem to look beyond just the credit score and consider whether they genuinely believe you can afford the repayments. If they… Read more

believe in your ability to pay, they’ve got your back!

The customer experience was great, and the approval process was also very fast and straightforward.

The only improvement I would suggest is adding an option on their website to make additional repayments directly. I think this would be much more convenient than having to go through your bank and pay via BPAY.

Overall, I’ve had an amazing experience with MoneyPlace and would definitely consider using them again in the future. Highly recommended, especially for their helpful service and fast approval process!

Kind regards, Noah.F

Woody
Woody
 

From my initial call to the contact process, it was quite easy. Staff were very helpful and prompt. I would recommend Moneyplace to anyone interested in getting a loan.

Sandboy
Sandboy3 posts
 

Quick, Easy and Good Rates We used a trusted money broker rather than the internet, and they recommended MoneyPlace. The process to request the personal load was quick, clear what our cost of loan would be, and the rates for the loan were competitive. So no downsides to be honest.

Luke N
Luke N
 

MoneyPlace were quick and easy to deal with. Their interest rates were a lot lower than I expected and the money appeared fairly quickly once the loan was approved. Thank you, you took the stress out of applying.

Find out how MoneyPlace compares to other Personal Loans

Know better, choose better.

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Kyra Pilon
Kyra Pilon
 

I am so happy I went through Moneyplace for my loan , they are efficient, professional and communication was very clear. I would recommend this company to anyone .

Kittenfantastico
KittenfantasticoVIC11 posts
 

My mortgage broker advised me to go through MoneyPlace for a personal loan to support the sale of my property. It was very easy and seamless. I am yet to have my first financial interaction ie repaying the loan. so I will have to see how that goes.

Muni Deo
Muni Deo
 

I'm really happy and satisfied with the customer service for helping me out. I would especially like to thank Brent for helping me through the right channels. And in this dire time, Moneyplace was the only answer. I'd like to thank all who were involved in helping me out. I would recommend this is better than the banks.Cheers.

Levi
Levi
 

Had a great experience with MoneyPlace for a personal loan. The application process was quick and the assessment was handled professionally and efficiently. I really appreciated the clear communication—all the details were laid out simply. Excellent service from start to finish. Highly recommended if you want a seamless lending process!

Kob
Kob
 

I found money place one of the most professional financial products providers I have dealt with They understood my requirements and provided a timely solution to my needs I would definitely use money place in the future

Gav
GavQLD4 posts
 

Very fast and very easy to deal with , no messing about like the big banks , and coupled with the best broker sam smith i have dealt with to date , highly recommend

Lavi.
Lavi.
 

Great assistance to secure finance in a very short amount of time. One phone call after submitting information and same day approval and funds available. Highly recommend.

Peter Anthony M.
Peter Anthony M.
 

Had a great experience. All done online and once approved money was quicly in my account. Interest rate was better than my bank and no penalty for early payments. Unlike my bank.

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