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Apply now and have an approval decision within minutes
Associated fees:
20% establishment fee
4% monthly fee
Example Loan Cost:
Borrow $500 → Repay $620 over 12 weeks
Borrow $2,000 → Repay $2,480 over 20 weeks
Best For:
✔ Small cash emergencies (medical bills, car repairs, urgent expenses)
✔ Borrowers needing fast access to small loans
Associated fees:
$400 establishment fee
48% annual interest rate (APR)
Example Loan Cost:
Borrow $3,000 → Repay $4,900 over 18 months
Borrow $5,000 → Repay $7,900 over 24 months
Best For:
✔ Debt consolidation, larger purchases, or urgent financial needs
✔ Most loans receive instant approval using automated processing.
✔ Funds are typically transferred the same day if approved before 2 PM.
All information included here on Friendly Finance are accurate and in line with the data provided on Moneyspot’s website as of February 2025.
About Moneyspot
📌 Founded: 2015
📌 Headquarters: Sydney, New South Wales, Australia
📌 Industry: Financial Services (Short-Term & Payday Loans)
📌 Credit Licence: Australian Credit Licence (ACL) 468418
📌 Regulated by: Australian Securities and Investments Commission (ASIC)
📌 Main Services:
✔ Small Payday Loans (Short-Term Loans)
✔ Medium Personal Loans
✔ Fast Online Loan Approvals
MoneySpot is an Australian payday loan provider that specializes in small, short-term loans for borrowers needing fast cash access. The company provides a fully online application process with instant decisions and same-day payouts.
MoneySpot’s loans are regulated under the National Consumer Credit Protection Act (NCCP) and do not require collateral. However, they charge high fees and interest, making them a costly borrowing option compared to traditional bank loans.
Moneyspot: Eligibility Requirements
The application process for Moneyspot is done through the company’s website or you can also easily apply for a loan using this form. To process your loan application, you need to pass Moneyspot's eligibility requirements:
- At least 18 years old
- Australian citizen or permanent resident
- Must have a stable income source
- Must have an Australian bank account
- No credit check for payday loans under $2,000
- Higher loan amounts require a credit check
Once approved, Moneyspot will layout the loan conditions in a document that you can e-sign online. The application procedure takes less than five minutes and you will get your funds immediately according to its website (only if you have an account with ANZ. The fund disbursement sometimes takes longer with other banks).
If Moneyspot requires further information about your application, or if the loan application/fund release is taking longer, you may contact them through telephone at 1300 048 156 or via email at customersevice@moneyspot.com.au
Instant Approval Process: Most applications are processed within minutes.
Same-Day Funding: Loans approved before 2 PM are funded the same day.
No Hidden Fees: All costs are displayed upfront before borrowing.
100% Online Application: No need to visit a physical store.
ASIC-Regulated & Licensed: Fully compliant with Australian lending laws.
The Company: Moneyspot
There are some positives and negatives for prospective borrowers to consider before using Moneyspot as an online lender. As part of the reviewing process for this page, customer feedback and common questions answered on the company website were considered for the overall assessment.
Positives
- Speedy loan application process and loan approval
- Online application process
- Extends flexible arrangements for borrowers with financial hardships during the term of the loan.
Negatives
- Relatively higher late payment fees
