OurMoneyMarket review: an independent 2026 read

First, the name: OurMoneyMarket is now Handy Finance

If you searched for an OurMoneyMarket review and landed on a site called Handy Finance, you are in the right place and the company wants you to feel that way. OurMoneyMarket rebranded to Handy Finance, folding the lender and its Handypay home improvement arm under one name. Same ABN, same Australian Credit Licence 488228, same people writing the same loans. The OurMoneyMarket name still appears on older loan contracts, comparison sites and award listings, which is exactly why searchers get confused.

Rebrands in consumer lending are rarely about the borrower. This one consolidates a brand family that had become messy: OurMoneyMarket for personal loans, Handypay for point-of-sale home improvement finance, and white-label arrangements running underneath partner brands. One name is cheaper to market than three. Nothing about the credit product changed with the paint job, so the review below applies whichever name is on the door.

What the advertised 5.95% actually means

The headline Low Rate Personal Loan advertises from 5.95% p.a. with a matching 5.95% comparison rate, which in mid-2026 sits within cooee of the sharpest unsecured pricing in the market (the absolute floor across all lenders is around 5.76% for unsecured). The from is doing heavy lifting. OurMoneyMarket prices on risk tiers: your rate is set by your credit score, income stability and existing commitments after a soft-check quote. The floor rate goes to the top tier, which in practice means a clean file, strong income, low existing debt and usually home ownership.

The honest mental model for any risk-based lender: assume you will not get the advertised rate, get the personalised quote (the soft check does not mark your credit file), and compare that quoted rate against your bank and one or two other digital lenders quoting the same way. The quote is free and non-destructive, which is genuinely to their credit. A matching headline and comparison rate also tells you the top-tier loan carries no compulsory fees, but that only describes the top tier.

Fees, and where they hide

There are no monthly account fees, no early repayment penalties and no exit fees, and unlimited extra repayments are allowed. That combination is better than most bank personal loans, where $10 to $13 monthly fees still linger.

The fee to watch is the establishment fee, which is tiered with the risk pricing. Top-tier borrowers can see $0; lower tiers can be charged several hundred dollars, capitalised into the loan. Because the comparison rate you are quoted includes it, the number to compare across lenders is always the personalised comparison rate and total repayable, never the advertised floor. If your quoted comparison rate lands well above the advertised one, that gap is the establishment fee plus your risk tier talking.

Where OurMoneyMarket fits in the 2026 market

Its natural competitors are the other digital risk-based lenders: MoneyMe, Now Finance, Plenti and Harmoney. Against that set, OurMoneyMarket is competitive at the clean-credit end and was highly commended for Best Unsecured Personal Loan in the 2026 Finder Awards. Its distinguishing features are the breadth of loan purposes under one roof (car, green, renovation via Handypay, consolidation) and the partner distribution: you may be offered an OurMoneyMarket loan inside another brand entirely, with OurMoneyMarket Lending Pty Ltd as the lender of record in the fine print.

Who it suits: borrowers with clean credit who want a sharp unsecured rate without a bank relationship, and who value the soft-check quote before committing. Who should look elsewhere: thin or damaged credit files (the risk tiers get expensive quickly, and a specialist or a broker will likely place the file better), and anyone borrowing for a car who has not first compared a secured car loan, which prices lower than unsecured at every tier.

Is OurMoneyMarket legitimate?

Yes. OurMoneyMarket Lending Pty Ltd holds Australian Credit Licence 488228 and has been writing consumer loans since 2017. It is a member of AFCA, the external dispute resolution scheme, and its lending is regulated under the National Consumer Credit Protection Act. The business now trades as Handy Finance.

What happened to OurMoneyMarket? Is it the same as Handy Finance?

OurMoneyMarket rebranded to Handy Finance, bringing its personal lending and the Handypay home improvement finance arm under one name. The legal entity, credit licence, products and loan terms are unchanged. Existing loans continue on their original terms; only the branding on statements and the website changed.

What rates does OurMoneyMarket charge in 2026?

The Low Rate Personal Loan advertises from 5.95% p.a. with a 5.95% comparison rate for the top credit tier. Pricing is personalised: your actual rate depends on your credit score, income and existing debts, and is quoted after a soft check that does not affect your credit file. Loans run from roughly $2,000 to $75,000 over one to seven years, fixed for the term.

Does getting an OurMoneyMarket quote affect my credit score?

No. The initial personalised rate quote uses a soft credit check, which is not visible to other lenders and does not affect your score. A hard enquiry is only recorded if you proceed to a full application. That makes the quote a low-risk way to see your real rate before comparing.

Is OurMoneyMarket better than a bank personal loan?

For clean credit files, frequently yes on price: no monthly fees and a lower rate than the big banks' standard unsecured pricing. For borderline files the comparison flips, because risk-based tiers get expensive while banks price flatter. The only way to know is to compare your personalised OurMoneyMarket comparison rate against your bank's quoted rate and total repayable, and a broker can run that comparison across the wider market for you.