Product Features

Define your repayment

MoneyMonkey put ourselves into your shoes to let you define the most suitable monthly repayment according to your financial status.

Flexible repayment schedule

MoneyMonkey believes that the repayment schedule should not be regulated by the number of years, and we are happy to break through the rules and let you enjoy the flexible repayment schedule. Why the repayment schedule must be bound by 12, 24, 36 months? Based on your customized repayment amount, we could calculate the shortest repayment period and reduce the interest you pay.

Lower interest

We strive to lower our interest rate by reducing unnecessary costs with solely online services and without any branches.

Simple procedures

Our loan procedures are quick and easy. Money can be received instantly after agreement confirmation.

Fully online

We offer a one-stop online loan service that allows you to borrow money without going out.

Early repayment without penalty

We welcome clients to repay earlier without penalty or handling fee.

Case Study:

Marcus wants to borrow

$100,000

for wedding

He could only afford

$4,000

as monthly repayment

Lender A provides a loan with monthly repayment
$3,203

Tenor is 36 months

MoneyMonkey based on Marcus's monthly budget of $4,000 to tailor made a plan for him
with repayment period of only 28 months

it substantially save him $4,207 interest

	Lender A
	Option 1	Option 2	Tailor-made Plan
Tenor	24 Months	36 Months	28 Months
Interest Rate	8.50%	9.50%	8.90%
Monthly Repayment ($)	$4,545 (over-budget)	$3,203	$3,968
Total Interest Expense	--	$15,318	$11,111

	Lender A
	Option 1	Option 2
Tenor	24 Months	36 Months
Interest Rate	8.50%	9.50%
Monthly Repayment	$4,545 (over-budget)	$3,203
Total Interest Expense	--	$15,318


	Tailor-made Plan
Tenor	28個月
Interest Rate	8.88%
Monthly Repayment	$3,967
Total Interest Expense	$11,085

Why MoneyMonkey's flexible repayment and tenor could help you save more?

Comparing the above cases, if Marcus borrows $100,000 from Lender A, the monthly repayment amount of $4,545 in 24-months which will exceed his monthly repayment limit of $4,000, so he can only choose a 36-month repayment plan. As the repayment period is longer, the interest rate is also higher, Marcus has to pay more unnecessary interest as a result.

On the other hand, if he applies for a personal loan at MoneyMonkey, we will calculate the shortest repayment period based on Marcus's own repayment ability of $4,000. The repayment period can be any month within 6-48 months. The repayment period is shorter and can bring two major benefits. Firstly - low-interest rates, because the shorter the repayment period, the interest rate is generally lower; secondly - lower total interest, because Marcus does not need to repay the extra months that are actually unnecessary for him.

Personal loan Calculator/Interest Calculator