What can I use my personal loan for?

You can use our Personal Loan for almost anything – Dream Wedding, the Perfect Honeymoon, Trip of a Lifetime, Education, Keeping up with Technology, Home Reno’s, Cosmetic Surgery or Crunching your Debt – the only difference is a loan for a Vehicle, where we have a number of different deals on offer. So it makes sense to have a chat with one of our consultants to work out what loan best matches your dream and your personal circumstances. Just give us a call on 1300 138 530 and we’ll get cracking. Or, simply enter your details on the website, let us know a good time to contact you, and we’ll call you back when it suits you.


Who will provide the loan?

We deal with all of the lenders in the Australian Market for Unsecured & Secured Loans. We do all of the leg work for you and find the best rate and best lender fit depending on your personal circumstances.


How much can I borrow?

Our Personal Loans range from $5,000 to $50,000. Secured Car, Motor Bike, Caravan /RV & Boat loans can go higher but loan amounts are limited by the market value of the asset and the borrower’s ability to service the loan. Just give us a call 1300138530 OR we can call you, even after hours if that’s better for you, leave your details. Click here


How do I make repayments?

This depends on which lender you end up with but generally they all provide options for Direct Debit, B-Pay and Direct Credit. Payment terms are normally weekly, fortnightly or monthly.




When will I get a decision on my loan?

In most cases you will receive a decision the same day as submission of application but generally between 1-2 working days. Special circumstances may take a little longer.


How long does it take to get the loan through?

Once we get approval and sign off, the loan is usually available the next day, no more than two working days (or depending on those special circumstances).


What is the minimum criteria to get a loan?

Let’s not beat around the bush. You’re going to need to have a regular job and income or be self-employed. You need to be an Australian Permanent Resident / Citizen or hold a 457 Visa or Bridging Visa. You need to be at least 18 years of age. That said, there could be other bits and pieces needed for our credit and approval criteria, depending on your particular situation. So, let’s have a chat and see how we can make that dream of yours come true.


Will an enquiry appear on my credit file?

Yes, when we submit your application to a lender, they will check your credit file. However we won’t submit the application until you’re happy with the product offering and have confirmed verbally or via e-mail that you’re happy to proceed.




Ok, so I know there must be interest on my loan but is it fixed or variable?

All our loans have fixed interest rates, so repayment amounts stay the same for the life of the loan. At Money For Jam we think it’s important that you know exactly what your up for from the get go and there’s no hidden surprises. You can call us anytime to discuss your dream! 1300138530


What happens if I wanted to pay my loan off earlier or make a few extra payments along the way?

You can make extra repayments any time and save on interest. You can also pay off your loan early. Some lenders may charge early exit fees between $100 and $600. Many charge no fees for early payout. We’ll let you know either way before your loan settles.