EBP Money is a responsible lender and has an Australian Credit License no.535879. We offer personalised low-rate unsecured loans from $5,000 to $25,000. Our application process is fast, simple and 100% online. It takes minutes to apply for a loan with us, and if your application is approved, we will disburse your money next business day#.
EBP Money is a subsidiary of FSA Group Limited, a public company on the Australian Securities Exchange.
A personal loan allows you to borrow money for something important and special. It could be to buy a car, consolidate debt, renovate your home, or take a holiday. You repay the loan with interest over a fixed term, between 3 to 5 years. With a fixed interest rate, your repayments won't change over the loan term. So you'll know exactly how much will come out of your bank account each month.
Whatever the purpose, we have an unsecured personal loan that could be right for you.
A secured loan, like a home loan, allows the lender to have security against your asset. An unsecured loan will enable you to borrow money without offering your assets as security. Accordingly, the interest rate on an unsecured loan is generally higher than the interest rate on a secured loan.
To be eligible for a personal loan from EBP Money, you must
- Be 18 years and over
- Be an Australian citizen or permanent resident
- Be employed full-time, part-time or casual
- Earn an annual income of $45,000 net or more
Other credit and eligibility criteria and terms and conditions may apply.
To apply, complete and submit our online application form. It takes minutes.
We need your personal information, including the amount you want to borrow, your income and expenses. And we also need some documents, including your bank statements.
As part of our standard practice, we will access your credit report to help us understand your credit history. If your loan amount is approved, your money will be in your bank account the next business day#
Our interest rates are offered based on your credit assessment and EBP Money's responsible lending criteria. Your interest rate will be a personalised rate based on your overall credit profile and financial situation. Your interest rate will be fixed for the life of your loan. We offer interest rates at the lower end of our range to customers with an excellent credit history.
If you have a bad credit history, don't worry; we can help you, subject to our eligibility and credit criteria. We specialise in assisting borrowers with unique financial circumstances, such as bad credit scores, defaults, previously declined by another lender, party to a debt agreement, and current or discharged bankrupts.
We charge a one-off risk or establishment fee. This is based on your loan amount and your credit rating. We also charge a monthly account service fee of $15. There are no fees for our tier-one borrowers with excellent credit scores. We will provide all your fees and charges in your loan contract.
Yes – you can make additional repayments, increase your repayments and pay out your loan early. However, an early repayment fee may apply. All fees will be disclosed in your loan contract.
If your circumstances change and you cannot repay your loan, please get in touch with us immediately. We are here to help.