Getting declined

Frequently asked questions

What is the eligibility criteria?

To be eligible for a loan, you must:

Have a good credit history with no major defaults
Have to be employed full time or part-time
Be an Australian citizen, New Zealand citizen, or permanent resident
Earn at least $30,000 per year from employment
Be at least 18 years old

What is MONEYME’s responsible lending policy?

MONEYME is committed to responsible lending, ensuring all loans are suitable and affordable. We assess each application by reviewing income, expenses, and financial commitments to ensure repayments are manageable. We strictly comply with the National Consumer Credit Protection Act (NCCP Act) and industry regulations.

For more details, visit the "Responsible Lending" section on the MONEYME website.

What are common reasons for being declined?

As a responsible lender, we approve loans only if we determine you can comfortably meet your repayments. Our decision is based on multiple factors, including:

Income and expenses
Other debt obligations
Employment stability
Credit history, including data from credit reporting bodies

Will this affect my credit score?

At this stage, no enquiry has been placed on your credit file, so your credit score remains unaffected.