Get Moola
Mobile app for $300 to $2,000 loans with a single flat fee shown in dollars up front, weekly repayment dates on a printed calendar, and a hard block on re-borrowing until cleared.
About
A financial counsellor in Norwood spent 2016 watching clients sign for $400 loans that cost $900 to clear, and in 2017 she quit to build the opposite from a spare room in Adelaide. Get Moola lends $300 to $2,000 to people stuck between pay days, and the first screen shows one flat fee in dollars. There is no rollover, no second fee and no clever renewal. Repayments are fixed weekly amounts that stop on a printed date, and the app will not let anyone borrow again until the last loan is cleared. The voice is blunt and short, like a note left by someone who has been there. The mark is a coin ringed in orange with a plain M and a full stop under it, because the loan is one coin out, one fee, and a full stop at the end.
Details
- Industry
- non-bank-lending
- Sector
- Small-amount personal lender
- Product
- Moola Loans
- Legal entity
- Moola Finance Pty Ltd
- ABN
- 51438901314