As equestrians, we all have dreams that we want to fulfil with our horses – whether it’s representing Australia on the world stage, entering the competition arena for the first time, or simply developing and enjoying a special partnership with our horse. In some cases, turning equestrian ambitions into achievements requires a little extra financial support.

It’s no secret that horses cost money. From feed, health care and equipment, to agistment or property upkeep, transport and competition fees, the costs add up. Throw ambitions into the mix, and sometimes there’s the need for additional financial support in order to transform these equestrian dreams into reality.

“A lot of the vision and passion behind what we do is to fund dreams,” says MoneyPlace Engagement Specialist Sarah McLaughlin.

While traditional lenders may be unlikely to fund many equestrian-related expenses, personal loan provider MoneyPlace doesn’t shy away from horses. 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.

An endurance rider for the past 20 years, Sarah says she’s fortunate to have achieved many of her own dreams in the saddle. In 2014, she represented Australia at the Word Equestrian Games in Normandy with Tonki Dee Boo Shania, and she has also completed the prestigious Tom Quilty endurance event eight times. With a full competition squad in work currently – as well as a few retirees and youngsters – Sarah understands the financial requirements that come with horse ownership and achieving the goals that inevitably follow. This year, Sarah’s dream is to add a ninth Quilty Buckle to her trophy cabinet with Tonki Dee Boo Betty or Tonki Dee Boo Shania.

“A lot of the vision and
passion behind what
we do is to fund dreams.”

SHIFTING VALUES

As Head of Partnerships & Sales at MoneyPlace, Matt Hall says he’s noticed a significant change to the reasons why people are looking for personal loans in the current economic climate. “People are starting to look for something that’s more important, that has value to them,” he says. “MoneyPlace can help fund dreams that borrowers might have had trouble getting a loan for through more orthodox channels.”

Sarah’s experiences as an Engagement Specialist reflect this, and she says she’s seeing an increase in requests for horse-centric personal 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 their dream horse into Australia.

She says MoneyPlace personal loans can be utilised for just about any aspect of our horse-related aspirations. “As an equestrian enthusiast, you aim to optimise your horse’s training and fitness by acquiring specialised equipment like a horse walker or treadmill. These tools offer essential benefits, from muscle conditioning to consistent exercise regardless of weather. However, their upfront cost poses a financial challenge. MoneyPlace offers tailored loans, enabling you to invest in such equipment and elevate your horse’s training while maintaining financial flexibility.”

FLEXIBILITY TO ACHIEVE YOUR DREAMS

As we know with horses, timing is rarely perfect and opportunities to achieve dreams don’t happen every day. In order to seize these opportunities, having access to quick, flexible funding can be vital. Similarly, the ability to have control over your finances and pay out these loans early as circumstances change is also important.

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 an opportunity they want to capitalise on 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 refinance it to 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 when it comes to achieving dreams in the equestrian world, timing and flexibility are everything – and when it comes to financing your equestrian dreams, 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.

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