Personal loans for
Competitive low rates from just 9.20% p.a. (comparison rate from 10.58% p.a.
Money can be in your account same-day.
2 *This comparison rate is based on an unsecured variable rate personal loan of $30,000 for a term of 5 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. $495 establishment fee and $10 monthly fee applies. Comparison as of: 13/07/2023
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Disclaimer: This calculator provides an estimate only and a comparison rate based on the example information provided. Other fees, costs and charges are not included. This calculation is not an offer for credit. The amount you can borrow may vary once you complete a loan application and all the details relevant to our lending criteria are captured and verified. The interest rate for this product is variable and subject to change. Any calculations made by you using this calculator is intended as a guide only.
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Bond assistance is money provided from a lender to a borrower, to help pay the bond on a rental property. MoneyMe’s bond assistance can help Australian borrowers secure a rental property far more quickly than if they had to wait to save the funds, which can make the difference between actually securing the property, or missing out entirely.
Australia’s booming housing market is presenting more of a challenge for younger Australians each month, as climbing house prices are pushing greater numbers towards indefinite renting.
But renting doesn’t have to be painful. If you’re looking to receive help with bond on a rental property you’ve had your eye on, we are here to help.
MoneyMe’s bond assistance can give you fast and efficient access to the bond for almost any rental property through our easy, simple, and quick online application process.
The process for choosing and applying for a bond assistance loan with MoneyMe couldn’t be faster or easier.
To understand how much you’d like to borrow, simply head to the MoneyMe website, select the amount you are considering as bond assistance, and input how long you will require to be able to repay your loan. You will then be told exactly how much you will need to repay each month, including any interest repayments.
If you’re happy with this, you can then apply immediately by inputting some personal details, including your income and expenses, and 90 days of bank statements which we can upload electronically on your behalf.
This process should take just a few short minutes, with a decision to follow several minutes later also. If you are approved, the funds can reach your account in just under an hour, depending on your financial institution. It really couldn’t be faster or simpler!
Personal loans from credit providers are contracts where you agree to borrow money from the credit provider for personal purposes, such as a car or student finance. Interest is charged on the loan, plus fees and charges are payable (such as ongoing fees like account keeping fees). Your establishment fee is often rolled into your total loan amount and does not constitute as a separate payment fee upon approval or acceptance of your loan contract.
A personal loan can provide you with access to money you want or need now, so that you can do things like:
take advantage of a great offer on a new asset with a great interest rate car loan and flexible terms
put down a deposit for an upcoming life event and enjoy regular, cashflow friendly repayments
pay for an unexpected emergency or bills (like mechanical works and repairs on your car) and enjoy the security of knowing that you can cover your costs comfortably with a range of loan terms, including short terms of just 12 months
move rental properties (and pay your upfront costs like professional movers and your bond)
travel to all of the places you have always wanted to go comfortably and with the security of knowing that you can pay off your epic adventure with manageable repayment terms
MoneyMe offers personal loans ranging from $5,000 to $50,000, with flexible repayments and no early repayment fees or exit fee. Our interest rate ranges are highly competitive. Check out our comparison rate examples to compare personal loans.
Larger loan amounts can help with purchases like a new car, a wedding, renovations, or education expenses like tuition fees and even for the cost of regular school terms.
Larger loan amounts may have a longer loan term, so that you have more time to repay the loan, but this also means that there is more interest to pay over the life of the loan. Shorter loan terms will mean higher repayment amounts but less interest payable over the life of the loan. Shorter terms often have a higher interest rate too. Don't forget that you can reduce the amount of interest that you pay on a new loan for a car or other large purchase by paying out your loan amount ahead of time.
Even if you have a poor history with credit, you may be approved for a personal loan with MoneyMe.
Generally speaking, a secured personal loan is a personal loan that is secured by some form of collateral that you own—such as a home or a car—that your lender has the right to sell in the event that you default on the loan. The cost of the secured asset helps the lender to recoup any lost earnings from interest payments and often a lender adjusts their interest rate to reflect the slightly lower credit risk.
On the other hand, an unsecured personal loan is not secured by any collateral. While this might mean that you pay a slightly higher interest rate, it also means that your loan amount is not secured to any asset that you own. Paying a slightly higher interest rate could give you more flexibility.
When you take out a new lending product with MoneyMe, you also enjoy fee waivers like no early exit fees applied when you choose to close out your existing loan balance with us ahead of schedule. Paying out your loan balance means that you can avoid paying some of the interest charged on your loan.
You also enjoy a competitive interest rate and comparison rates on a variable rate loan options. A variable rate loan remains the same throughout the term of your finance whereas the cost of lending products offering a variable interest rate may fluctuate. Refer to our comparison rate to ensure that you are getting the lowest cost finance and rate available.
Simply apply through our website or the MoneyMe app available in App Store and Google Play. Our application process is entirely online, and can be completed in minutes, with no face-to-face interactions and lengthy paperwork! Enjoy competitive interest rates and low fees across all of our finance options.
Many borrowers who apply during business hours (being 8am to 9pm Mondays to Fridays and 9am to 9pm on weekends) receive the outcome of their application on the same day. If you apply outside of business hours, or your financial situation is more complex, it may take a little longer.
If you are approved, we send your lending offer immediately which shows you what rate of interest you will be charged on your loan as well as the total cost of your loan over your nominated term. You can sign this offer online and once received, we transfer you the money you need to buy your new car, book a holiday or straighten out your finances immediately.
The time it will take for you to receive your new cash funds depends on a range of factors including which financial institution your bank account is held with.
Comparison rates are designed to help customers understand the true cost of a loan, because the comparison rate actually includes fees as well as the interest rate. All finance comes with a range of fees beyond just the interest rate offered. When you receive a finance offer from MoneyMe, you can clearly check the comparison rate or total cost of your loan, including both the interest rate charged as well as any other applicable fees.
Refinancing refers to taking out an entirely new loan, and using the loan funds to pay off an existing loan.
It is typically done to obtain lower interest rates and/or better loan terms. Lower interest rates mean lower payable interest over the term of the loan. Refinancing and switching to a lender with lower interest and lower general fees can help you reduce the total interest you pay over the term of your loan. It's worth periodically checking that you really are getting the best interest rate that you can. Interest rate differences of even just 1% or 2% could add up on the loan term so saving yourself that extra 1% or 2% in interest now could mean big long term savings.
We charge an establishment fee and a monthly fee, in addition to an interest rate starting from 6.95% p.a. Other fees and charges may apply if you don’t make your scheduled loan repayments.
We set interest rates primarily according to the borrower’s credit report. Other factors which can impact the interest rate that you receive includes your total income, debt obligations, and living expenses. Ensuring that your credit report is as good as it possibly can is a quick and easy way of giving yourself the best chance for securing the lowest possible interest rate offered.
Early repayment fees are generally fees that are payable by borrowers if a loan is repaid ahead of schedule. Paying your loan ahead of time reduces the amount of interest that you pay.
We don’t charge early repayment or early exit fees if you decide to make an early repayment for your personal loan.
We don’t offer redraws on personal loans, which means the amount of the loan you have repaid won't be available for use again.
The term ‘credit history’ is usually used to describe how you have managed your credit in the past.
It also sometimes shows how long loan accounts have been open, the number of credit enquiries on your credit file, and whether you are making your loan repayments on time. Past or current loans and credit cards generally form part of your credit file and history. Your credit report will impact the kind of interest rate you are offered should you be approved for a new loan with us. The higher your credit score, the lower the interest rate we offer will generally be. Other factors can affect your interest rate too like your living expenses and your total income.
Your credit score is a number that is calculated based on what is in your credit report and how you have performed with credit products in the past. You can obtain your credit file from an online credit file provider for free. Generally, a higher score means lenders will consider you less risky, whereas a lower score may affect your ability to get a loan.
The credit reporting agencies we use are Equifax and Illion.
We will not review your application while you’re on a bridging visa, but you can reapply with us once your visa status is confirmed.
Once you've logged in to your MoneyMe account, go to 'Account details' and click on Update your details 'here'. A window will appear where you can enter your new bank account details. Press send to submit.
We’re available from 8am to 9pm on weekdays and 9am to 9pm on weekends. We’re also open on most public holidays.
Yes—aside from personal loans, we also offer Freestyle: A virtual Mastercard, with a limit of up to $20,000. Freestyle facilitates in-store Tap n Pay and online shopping, fast transfers to your bank account, pay-anyone features and more. Click here to find out more.
JayceenemoAug 09, 2023
Fast, fair and easy. Very happy customer. Happy to get another loan in the future from MONEYME.
BGCJun 13, 2023
Simple process, easy to follow application, quick response time and good support.
BradMay 31, 2023
I was impressed with how easy and quick the application was. Very happy with their customer service, and the app is very convenient.
Out of 2,701 reviews
Recent trends in Australian housing have seen more and more people opt for renting rather than owning a home. Being a renter offers you more flexibility over where you choose to live without being tied down to a large mortgage hanging over your head. What you lose in the security of long-term living, you gain in the freedom to choose where and how you want to live. If you’re a renter looking for quick and painless bond assistance, we’ve got you covered.
While you might be saving time and money on large and long-term debts, the upfront costs of securing your next rental can seem overwhelming when the time to move comes. You have rent on the new place and the old one while you’re moving out; the upfront bond payment; removalists costs; professional costs like cleaners and gardeners.
That’s why MoneyMe has developed a range of quick loans designed to help you get the cash you need to help with paying upfront bills like bond assistance and rent assistance. You can shave moving costs down by moving yourself and taking care of your own cleaning, but you can’t do anything about your bond and rent. That’s where we can help.
When you choose to rent your home, you are asked for a bond payment upfront. Depending on which state you are renting in, this bond payment may be an equivalent of 4 to 8 weeks’ worth of rent and is paid separately to the rental fees itself to secure your new house or apartment. It is held in trust by the state bond board for the term of your rental period and is used as security against any damage caused to the property while you’re renting.
After your rental term, your real estate or landlord (if you are renting privately) will complete a final inspection of the house you have been living in and let you know if there are any costs for cleaning and repairs that will need to be deducted from your initial bond payment. Once both you and your landlord have agreed on those costs – if any – the bond is returned to you in a lump sum payment. This usually happens within a couple of weeks of vacating your old property but it means that until your bond is repaid to you, you’re out of pocket a few thousand dollars.
This is where our bond assistance comes in handy. It acts as a quick loan designed to help you cover those upfront relocation costs. MoneyMe offers a range of unsecured personal loans of up to $50,000 which you can access quickly and painlessly with our entirely online application process with fast approval times. We specialise in offering easy loans that you can use to cover costs like upfront bond repayments, rent assistance and even for furnishing your new home!
The terms for our loans are flexible and we don’t charge you early payout fees which means that you can apply for any of our same day loans today, get the funds you need for a smooth and comfortable move, and then chop down your total interest payable by making additional payments. For example, if you apply for our personal loans Australia to help with bond assistance and other moving costs like professional cleaners, removalists and some new furniture for the new place, then once the bond is returned to you on your old accommodation, you can put it straight on to your new loan balance. You reduce your total loan amount quickly, save on interest and still comfortably manage the remaining monthly repayments along with the rest of your living expenses.
A personal loan repayment calculator will offer you indicative monthly repayments based on the ideal cash loan amount that you’re looking to borrow. You can use this calculator to help you plan a rough budget, factoring in your new rental expenses, and help you choose which between our personal loans or our line of credit is the better option and gives better personal loan interest rates.
MoneyMe’s innovative pay-later solution, the Freestyle Virtual Credit Account, offers you an approved limit of between $1,000 and $10,000. It’s like your buy now pay later and credit card rolled into one, but lets you do so much more.
Rather than a conventional credit card offered by your bank, Freestyle works like a virtual credit card that lives inside your smartphone and not in your wallet. You can use it for everyday purchases over thousands of retailers whether you are shopping in-store or online. And with simple taps on your phone, you can use it to transfer money straight to your account or pay anyone fast! It’s like having access to a never-ending stream of small loans to help you pay for emergency costs, score great deals on flights and other sales, pay your bills, and move to a new house. It’s easy cash exactly when you need it.
You can draw down on your pre-approval amount and repay it slowly over time, or clear your entire credit balance immediately. Once you have repaid the credit that you have borrowed, that credit amount becomes available to borrow again immediately. You can use your credit funds like a mini loan or cash advance to tide you over between pay cycles, or for bond assistance on your new property, repaying it completely once your old bond comes back to you.
If you are planning a getaway, you may apply for our travel loans to help you pay for everything straight away. Travel agents and online deals tend to offer early-bird discounts for holidaymakers who pay the entire fee for their tour and accommodation upfront, and you surely don’t want to miss that!
Get approved for cash loans online or same day loans now to secure your next travel adventure and save up when you pay for everything at once. If you’re not planning to go overseas but still wish to make the most of the best months of the year, you may apply for a boat loan or a car loan. They’re exactly the same day cash loans you need to finally purchase your dream water cruiser or upgrade your car for your next road trip.
As a responsible money lender, we’re all about providing fair and transparent rates for our quick loans, including our short term loans and renovation loans. We will only lend you if we think you’re in a position to repay your loan comfortably.
Get access to fast and easy student loans for paying tuition fees and getting the equipment you need for your new course, as well as bond assistance and small personal loans to help you get your feet under you in a new city. To be eligible to apply for our express loans you must be at least 18 years of age, a permanent resident of Australia and currently employed. Everything happens online – from your quick and simple application up to getting your funds. We don’t make unnecessary phone calls or swamp you in reams of paperwork.
MoneyMe is the go-to finance solution of Gen Now, and we are committed to providing smart and straightforward access to fast credit funds. Apply online today for bond assistance and reduce the stress of moving by securing your new rental home in no time.
Bond assistance, also called housing bond loan, is a type of personal loan with a specific purpose: to provide you with quick cash to pay for the deposit or bond on a rental property. MoneyMe understands the importance of an easy and quick application process, especially in today’s rental market, where properties in great locations are easily snatched by tenants. As a result, we eliminate time-consuming paperwork and phone interviews so you can access financing the same day as you send your loan request to us.
First things first – make sure that you choose a lender that offers competitive rates, favourable repayment terms, and excellent customer support. As an innovative financial service provider that caters to tech-savvy borrowers, MoneyMe meets these requirements.
Once you’ve chosen a reputable lender, the next step is to read their credit products and the requirements during the application process.
To qualify for MoneyMe’s bond and rental assistance or any type of personal loan, you need to be an Australian resident, currently employed, and at least 18 years of age. We also take into account your credit report, especially your payment history, to make sure that your requested amount is something you can comfortably repay throughout the duration of the loan.
To apply for Moneyme’s bond assistance or any fast cash loan, go to our site and click ‘Personal Loans’ and the ‘Apply Now’ button. Next, fill out the application form with your personal and bank information, income, monthly expenses, employment status, company name, duration of your loan, reasons for borrowing, and requested amount.
Our easy and quick bond loan application generally takes around three minutes or five minutes at most.
The short answer is yes. Landlords must return their tenants’ security deposit, minus any rent owed and other reasonable costs, within 14 days after vacating the rental property. That being said, you can use this money to pay off your bond loan early, helping you save money since doing so reduces your interest costs.
Unlike many lenders, MoneyMe allows borrowers to pay off their personal loans or cash advance sooner without any early repayment fees.
Aside from government bond assistance, you can also get this financing option from online lenders like MoneyMe. If you need money to cover security deposits for property rentals, simply visit our website and fill out our online application form with your personal and bank information. Within the same day, you’ll get a decision. Once approved, we immediately transfer the funds to your bank account.
At MoneyMe, the application process, decision, and money transfer are generally completed within the same day, provided that you allow us to conduct online verification of your bank statement and your bank account is quick to process the funds.
But if you send your application outside of business hours, it will be processed the next business day.
We understand that the property market in Australia moves fast, especially in major cities, making it difficult to secure a high-quality apartment or townhouse if you don’t have enough savings to cover the security deposits. Nowadays, almost all landlords ask for bond or security money to protect themselves in the event of non-payment of rent, damages and other losses.
Aside from your personal details and employment status, we also need to see your most recent bank statements to assess your creditworthiness. However, you don’t have to send us a printed record because we use a safe and secure portal provided by illion Open Data Solutions that allows us to assess your bank statements.
We can only access ‘read-only’ snapshots of your bank statements; it’s not possible for anyone at MoneyMe to know your passwords and other sensitive information.
Throughout the duration of your loan, we may continuously obtain bank statements for the purpose of ongoing account management.
Not all lenders that provide bond assistance are created equal. At MoneyMe, we’re able to offer interest rates lower than our competitors because we do everything online – no expensive office rent and overhead costs related to managing a physical site. Instead, we rely on a powerful and secure platform and a team of skilled and dedicated professionals.
In addition, our housing bond comes with a simple repayment scheme in which your debit card is set up with your MoneyMe dashboard, preventing accidentally missed monthly payments and its ensuing extra fees.
To learn more about our bond assistance and other lines of credit and loan products, or if you need to use a personal loan calculator, visit MoneyMe and check out which of our financing options will suit you best.
p.a. to 25.20 %
p.a. to 26.58 %
$395 for loans between $5,000 and $15,000
$495 for loans between $15,001 and $50,000
Minimum 3 years
Maximum 5 years
Early exit fees