CosmediLoans vs OurMoneyMarket: Medical Loans Compared
Quick Verdict
OurMoneyMarket is an Australian online lender offering medical and cosmetic loans up to $75,000 at fixed rates typically starting around 6.57% p.a. for strong credit. CosmediLoans compares OurMoneyMarket alongside 20+ other medical-friendly lenders in one broker-matched application — often uncovering a lower total-cost option for the same credit profile. If OurMoneyMarket's offer is the market-lowest for you, apply direct; if you want to verify without a hard credit check, CosmediLoans checks them plus the rest of the panel with a single soft inquiry.
Feature Comparison
| Feature | CosmediLoans | OurMoneyMarket |
|---|---|---|
| Maximum Amount | $2,000 – $100,000 | $2,001 – $75,000 |
| Interest Rate | From 6.99% p.a. (personalised) | From ~6.57% p.a. (risk-based) |
| Repayment Term | 1 – 7 years | 3 – 7 years |
| Lender Options | 20+ lenders compared | Single lender (OurMoneyMarket only) |
| Application | One form + broker support | Fully online, self-service |
| Credit Check | Soft pull (no impact) | Soft pull for quote, hard pull on application |
| Fees | Varies by lender | Origination fee ~3–5% of loan, $15/mo account fee |
| Best For | Lowest total cost across the market | Borrowers who already know OurMoneyMarket is their best rate |
How CosmediLoans Works
CosmediLoans compares medical-friendly lenders (including OurMoneyMarket-adjacent specialists) through a single application. Your broker handles the comparison, accounts for origination fees and monthly charges, and returns offers ranked by total cost — not just headline rate.
How OurMoneyMarket Works
OurMoneyMarket is a direct online lender offering fixed-rate personal loans for medical, cosmetic, and dental procedures. You complete an online application, receive a soft-pull quote, and if you accept, a hard credit check and funding follow. Rates are risk-based, and the origination fee is charged as a percentage of the loan amount.
Who Should Use Which?
Choose CosmediLoans If…
- You want to benchmark OurMoneyMarket's rate against the rest of the market before a hard inquiry
- You need a loan above $75,000
- You want a broker to factor fees into total-cost comparisons
- You prefer receiving multiple offers rather than a single quote
Choose OurMoneyMarket If…
- You've already shopped the market and OurMoneyMarket has the lowest total cost
- You prefer a fully self-service online application with no broker involvement
- You're comfortable with origination and monthly account fees in return for a low headline rate