Money 3 Car Loans Australia
Since 2000, Money3 has offered both personal and car loans to Australian consumers and businesses. They specialize in small loans ranging from $2,000 to $35,000. They offer both secured and unsecured loans to people with both good and bad credit histories. They encourage those with poor credit to apply because they believe that “everyone deserves a second chance.” They currently have 61 locations across Victoria, New South Wales, Tasmania, Queensland and South Australia.
About Money3 Car Loans
Money3 advertises to those employed, but struggle to get finance approval as well as the unemployed who may need to buy a smaller car that they can afford. Generally, this type of consumer has bad credit ratings, tried to apply unsuccessfully with banks and financial institutions, difficulties saving the money themselves and default history.
About Simple Money 3 Loan Applications
Money3 has a simple application process, most likely because they only have one car loan product. Its features include:
- Loan terms of 30 days to 3 years
- Loan repayment terms weekly, bi-weekly or monthly to coincide with the borrower’s pay frequency
- No early repayment costs
Approvals are done extremely fast. To apply, an applicant needs:
100 points of identification including driver’s license, utility bill, passport, birth certificate or Medicare card
Bank statements for the previous 90 days
For the self-employed: Bank statements for the previous 6 months and business activity statements/tax return
For more information about Money3 loans, visit their website directly at https://www.money3.com.au/ or call 1300 666 393.
Read about car loan providers in Australia here.