Frequently Asked Questions

Application Process

Am I eligible?

It is quite easy to be eligible. Our services are available to all  consumers and businesses (regardless their size or shape). Fill out our Pre-Approval Form for a short-term, personal, or business loan, and get a response within the shortest time possible.


How do I apply?

The application process is simple, please visit ‘How it works’ page to make sure you understand the process.


How much can I borrow?

We work to provide you with the maximum personal and business funding you are eligible for. The amount, which can be borrowed, depends on the loan type and the customer.

The assessed amount is contingent on a combination of factors. It is possible to learn the maximum amount possible after one fills out the pre-approval form. This process lasts not more than 5 minutes. After this, you will get a decision and will be able to estimate the sum that can be borrowed to you.


What is pre-approval?

Pre-approval is an interim figure of your eligibility. This is the easiest and the quickest way to find out whether your business can get funding or not.

You will get the pre-approval status within a few minutes. Personal Money Service developed the smart technology that makes the response as swift as the wind.


How can I accelerate the loan process?

After filling out the pre-approval form, the lender may request you send him the legible, clear supporting documents. They will help the lender process your application in a fast-track manner.


How do I increase my approval chance?

The approval chance is influenced by a couple of factors. Make sure that the provided information is up-to-date, and that you provided the verification documents. We have a huge business-lending experience, so applying jointly between two parties makes the approval chance grow.

Do not worry about your credit score. We try to look at a wider picture and welcome people with different score complete the application.


What is happening after the process of application?

Once the application completed, it’s being transferred to the lenders we work with. Since Personal Money Service is not the decision maker, we can neither approve or guarantee the loan approval. Our job ends when the application is submitted.


Interest Rates and Repayments

What is the interest rate?

We do not set the interest rate. Such questions must be addressed to the lender.


What are the loan repayments?

Try our repayment calculator to discover how to repay the loans or contact the lender directly to learn the repayment process details.


Will you charge any fees if I repay the loan beforehand?

Personal Money Service does not charge any fees. We are a loan matching service.


Security and Privacy

How is my personal information protected?

Confidentiality and information security are our priority. We are guided by the Privacy Act (1988). It helps us make sure that we act under the laws and regulation.


How is providing my details safe and secure?

Confidentiality and safety of the information of our clients are protected by a unique 128-bit encryption method. The financial institutions and banks use the same encryption type.


Will anyone be logging into my bank account?

No one will access your bank account.