Sarah McLaughlin, an Engagement Specialist at MoneyPlace and avid endurance rider. Image: Sarah Sullivan Photography.

Financing your equestrian lifestyle with flexible lending solutions

In the equestrian world, flexibility is everything. With horses, even the best laid plans can go awry and therefore we as riders are well versed in switching to Plan B… or C or D! When it comes to finance, MoneyPlace understands the importance of flexibility – and the personal loan provider is not shying away from horses.

Amidst shifting economic landscapes, securing flexible financing options to sustain our passion for horses becomes increasingly vital. It’s not about borrowing money we don’t have to buy a horse we can’t afford; it’s about making use of the financial tools available to ensure we can remain flexible in the care and management of our horses – while reaching our personal or business goals along the way.

While traditional lenders may be unlikely to fund many equestrian-related expenses, personal loan provider MoneyPlace doesn’t shy away from horses. Sarah McLaughlin, an Engagement Specialist at MoneyPlace, says that she’s seeing an increase in requests for horse-centric loans here in Australia. She recently saw a MoneyPlace client who utilised a person loan to fund a horse float, while another required funding to help import a horse into Australia.

She says MoneyPlace personal loans can be utilised for just about any aspect of our lives with horses. “It might not necessarily be buying the horse or putting the float on the back of the car. It could be other aspects of horse ownership, such as property improvements to create a safer environment, veterinary expenses, or to allow for equestrian business expansion,” she explains, adding that the one loan can be used for multiple purposes.

“Let’s say you’ve just moved from interstate, and your dream horse pops up earlier than expected… you want to build some nice, safe yards, and you want to buy some gear to get started. We could help combine that all in the one loan and you can use those funds to provide your horses what they need.”

Sarah is no stranger to the equestrian world. An endurance rider for the past 20 years, she represented Australia at the 2014 Word Equestrian Games in Normandy and has completed the prestigious Tom Quilty eight times. She currently has ten horses with a full squad of five in work, and so understands the financial requirements that come part and parcel with horse ownership.

Sarah is no stranger to the equestrian world and has been an endurance rider for the past 20 years. Image: Sarah Sullivan Photography.

Matt Hall, Head of Partnerships & Sales at MoneyPlace, says Sarah’s understanding of the horse world brought to light the need for flexible personal loans for those in the industry.

“Sarah, having a horse background and passion for the industry, really opened up our insights and our vision in terms of what we can do to help the equestrian community and the types of lending solutions they might need,” explains Matt.

Greater flexibility

MoneyPlace provides secured and unsecured loans from $5,000 to $80,000, with three, five and seven-year options available. Most importantly, there are no ongoing fees or early/extra payment fees – affording equestrians the freedom to manage their loans according to their unique circumstances.

“It means that if someone is waiting for a surplus of money to come in – but have expenses they need to address in the interim – they could potentially arrange a seven-year loan, have smaller repayments, but then if they want to pay it off early once other money comes in, there’s no penalty,” explains Sarah. “If they wanted to roll it into a different loan later on, or if they just wanted to pay it out early, they can do that really easily.”

Sarah adds that a personal loan often provides greater flexibility than resorting to credit cards or restructuring existing mortgages.

“It’s a nice and easy option that could be approved in a matter of days or even hours. We know that in the equestrian world, flexibility is everything – and when it comes to financing your equestrian lifestyle, a MoneyPlace personal loan could be the answer.”

This article was written in conjunction with MoneyPlace. To find out more, visit their website.

Approved applicants only. Lending criteria apply. Money Place Australia Pty Ltd ACN 169 627 338. Credit provided by Secure Funding Pty Ltd ABN 25 081 982 872, Australian Credit Licence 388133.

Published 16 April 2024. 

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