We offer express loans from $5000 to $50000 or our Freestyle virtual credit card for pre-approved balances of up to $20000. If you’re not sure what the best loan amount is for you then before you get started on an application for quick cash loans at MoneyMe, consider taking a quick look at our personal loan repayment calculator. This tool is designed to help potential applicants get an indicative look at how a $20000 personal loan or a $5000 personal loan could affect your current living expenses before you put an application in. You can adjust things like the interest rate charged, the total loan amount and the loan term you are ideally looking for.
Once you’ve filled in the calculator, it will return information like a likely repayment amount you can expect to pay. You can easily compare this with your current living expenses to get a general idea about how your monthly cash flow is could be impacted by a new loan with us and compare any existing debt commitments you currently have to choose the best option for you. It may even be worth considering a personal loan for debt consolidation so you can tidy up your loose financial ends and pay out a single credit provider rather than multiple providers.
Play with inputs like your desired loan term to work out the best loan term that works for you. Shorter loan terms will mean that you pay less in cumulative interest throughout the loan, but it will mean that your monthly repayments will be higher than if you took the same day cash loan over a longer period.
You may find that a revolving line of credit makes more sense for your current situation than a credit card. Our Freestyle Virtual Mastercard® is available to eligible customers for balances between $1,000 and $20,000. Unlike our fast cash loans paid in a lump sum directly into your bank account, our virtual credit card offers you pre-approved access for credit funds up to your total limit, whenever you need them. As you repay your credit funds, they automatically become available for you to draw on again.
This a great option for people who need regular access to additional funds they can choose to either repay in full once their pay cycle rolls around again, or they can repay their drawn down credit in easy monthly instalments. Book a magic weekend away at the last minute or enjoy the peace of mind that there’s a little extra cash available for emergency spending like urgent car repairs, last-minute flights or for helping out general expenses between pay cycles. The Freestyle account comes with 55 days interest free on purchases made which means when you repay your credit funds within this period, you are essentially using an interest free credit card.
To be eligible to apply for any of our credit products you must be at least 18 years old, a resident in Australia and currently employed. We don’t need endless reams of paperwork proving any of this. We use the power of the internet to verify our applicants’ details and income status. At the time of your application, you will be asked to provide your online banking details. This is securely managed using illion’s bank level encryption software and no one – not us and not illion – record or have access to your login data. Providing this access gives your personal loan broker at MoneyMe instant access to a PDF format statement of the last 90 days of bank transactions in your account. We use this to immediately verify your application data and send you a fast approval for your new loan with us.