Costs

The cost of your loan is based on your MoneyMe rating.

MoneyMe in three words: fast, safe and simple.
 
We’re not too little and not too big – and most importantly, we’re all about you.
 
We only lend what you can afford to repay. We are transparent about our cost structure and we’ll keep your fees to a minimum.
What you have selected...

How much do you need?

For how long?

Credit rating

Weekly
repayments:

$79.06

Fortnightly repayments:

$158.13

Monthly
repayments:

$316.25

The cost is 15% and total repayment is:  $632.50

You’ll see your loan costs and repayments before you are required to submit your loan application.

Better value with MoneyMe

Borrowing with MoneyMe is a great way to get better value, whether you are thinking about getting a small loan, medium loan or personal loan. If you have a decent credit profile or good history with MoneyMe, you get rewarded with a lower cost. And if you’re new to credit, we take a positive view on that and offer lower costs for you too.

How to improve your loan rating

Each time you get a MoneyMe loan and repay on time, your history improves your MoneyMe loan rating and you may be able to borrow at a lower cost next time.

Small loans

If you are looking to borrow between $200 and $2,000, the cost of borrowing would be:


Credit fees and charges

Establishment fee

11–20% of the principal borrowed

Monthly loan fee

4% of the principal borrowed

Other fees that may apply

Direct debit dishonour fee

This fee is charged each time a direct debit is dishonoured.

$25.00

Late fee

This fee is charged when you go over your agreed loan term.

$5.00 per day

 
Medium loans

If you are looking to borrow between $2,001 and $5,000, the cost of borrowing would be:


Credit fees and charges

Establishment fee

$400

Interest rate

This interest rate is based on the Annual Percentage Rate (APR). Our APR is calculated daily by applying the daily APR and charged in arrears on the outstanding balance of your loan to the date your payment is due.

11-30%

Comparison rate*

18.50-60.49% per annum*

Other fees that may apply

Direct debit dishonour fee

This fee is charged each time a direct debit is dishonoured.

$15.00

Late fee

This fee is charged each time you defer your repayment by more than 5 days from the original scheduled date.

$15.00

*This comparison rate is based on our medium loan for an amount of $2,500 over 2 years and a $400 establishment fee.

WARNING: This comparison rate is true only for the example given and may not include all fees and different terms, fee or other loan amounts might result in a different comparison rate
Personal loans

If you are looking to borrow between $5,001 and $10,000, the cost of borrowing would be:


Credit fees and charges

Establishment fee

8% of the principal borrowed

Interest rate

This interest rate is based on the Annual Percentage Rate (APR). Our APR is calculated daily by applying the daily APR and charged in arrears on the outstanding balance of your loan to the date your payment is due.

11-30%

Comparison rate*

12.37-36.08% per annum*

Other fees that may apply

Direct debit dishonour fee

This fee is charged each time a direct debit is dishonoured.

$15.00

Late fee

This fee is charged each time you defer your repayment by more than 5 days from the original scheduled date.

$15.00

*This comparison rate is based on our personal loan for an amount of $10,000 over 3 years and a $800 establishment fee.

WARNING: This comparison rate is true only for the example given and may not include all fees and different terms, fee or other loan amounts might result in a different comparison rate

Note: Calculator results are an approximate guide to how much you can borrow and do not represent an offer from MoneyMe. An application is required to be made and assessed subject to our internal lending criteria, government regulations, and a successful credit history check.

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*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.