Why choose MoneyMe?
No fuss, no paperwork.
Get up to $50,000
Complete our quick application process to get a fast outcome
Some rates are tailored to your credit score, profile and history
Manage your account
Self-manage your repayments from within your MoneyMe account
What can you expect
Fast and easy
The experience is simple, online and quick
We use the latest technology to give you a fast answer
We’re completely upfront, with no hidden fees or charges
Our team is available to assist you 7 days a week
Boost your business with MoneyMe+
Give your customers more spending power.
Download our app to apply, manage and access perks.
Download our app to apply, manage and access perks.
In response to COVID-19, we have put together information to assist you in these challenging times.
We offer our customers a simple and straight-forward online application process for personal loans of up to $50k. You submit your loan application online in just a few minutes; you get approved not long after that and, depending on your loan amount and who your bank account is with, you could receive your funds the same business day. There is no lengthy paperwork to fill out. There is usually no need for any phone calls. You receive your own personal loan dashboard where you can monitor and manage your personal loan details, let us know of any changes to your circumstances, and even make extra repayments if you want to you. Simple, responsible lending of fast cash loans for every customer. That’s MoneyMe.
And now down to the details and why we are one of Australia’s favourite and fastest online lenders. If you’re new to the world of credit and applying for products like our personal loans then there can sometimes be some confusion about exactly how credit products work, what types of personal loans are available, and what kind of information from an individual’s credit report will a responsible credit provider be looking for, and it’s not all bad news on that front. We’ll take you through the facts and figures and hopefully help you confidently understand how a personal loan works, whether quick cash loans are really as fast as they appear to be, and show you our range of credit options so you can find the best type of credit product for you from car loans to our Freestyle line of credit account and more.
Personal loans from credit providers like us are simple and straight forward. A personal loan from someone like a close friend is an agreement that you make for money that you need immediately, and they have to spare, with the promise that you’ll pay them back. A personal loan from an official lender with an Australian Credit Licence works in much the same way, only the loan amount is usually a bit more that you’d borrow from a friend, and you don’t know your bank or lender personally. Because you don’t know them personally and because the cash amount you’re asking for is usually a bit more than a mate can possibly help you out with, the promise that you make to repay these kinds of loans is a bit more formal and comes in the form of a loan contract. There are sometimes fees and charges applied to your loan like an establishment fee, ongoing fees like account keeping fees, and you’re also checked during your approval process based on past loans, debts or services you have taken out which generate something called a credit score.
Personal loans come in all shapes and sizes. You can get a fast cash advance for money you need right now and you don’t have yet, such as a few days before your regular pay day. You might really want to take advantage of a great offer on a new asset like a car or a boat; put down an important deposit for an upcoming life event, or you might need money for an unexpected emergency situations (we hope that’s not the case but you can rely on us to get you approved for the funds you need fast).
These kinds of small loans are available from MoneyMe for as little as $2,100. What sort of emergencies would quick mini loans help you out with? You might need quick cash loans for unexpected bills like mechanical works and repairs on your car, or you might need a few extra dollars to move rental properties and to cover your upfront costs like professional movers and your bond amount. Life events happen every day and you don’t always have access to extra cash when you need it. That’s what easy money and our mini loans could be perfect for.
We are the next generation in credit products like credit cards and personal loans. We want to help you get approved instantly and get access to the funds you need, right when you need them. We offer customers speed and simplicity. We take advantage of the latest secure technology available for instantaneous information and funds transfers. And it’s not just for small personal loans that we can offer you instant approvals and fund transfers.
For larger purchases like cars, a wedding, renovations, and covering the costs for tuition and school courses, college courses and university degrees, you are going to need more than just a short term loan to buy yourself a little bit of breathing space. Professional development opportunities and career flexibility are prized attributes in twenty-first century living. Access to easy loans like fixed rate personal loans ensure you can access the money you need for building your career, and comfortably factor in a tailored monthly repayment schedule that doesn’t strain your living conditions.
Personal loans are also ways to access more comfortable refinance options as well as for helping to manage bills and debts. It’s easy to start falling behind on your bills and repayments when you have mounting financial commitments. Sometimes things just happen, and you find yourself struggling to stay afloat, catch up or get back in front. Even people with bad credit histories can access personal loans with MoneyMe. Due to changes in the information a credit report now offers lenders, you’re most recent history is also captured to help paint a more comprehensive picture of your financial circumstances. This means that if you have engaged, and maintained, current payment plans to help you manage your listed debt then our team are able to see the real progress you’re making.
An unsecured personal loan can help you achieve a more comfortable financial position where you repay a single lender one flat repayment every fortnight or every month rather than trying to play catch up with multiple debts and bills, possibly falling even further behind. When you have multiple credit card debt and a few other bills that don’t seem like much month to month, you will often find that over the course of a year or two, the repayments you make can be a lot higher than you might have paid had you chosen a different credit product. Choosing a fixed interest unsecured loan option can help give you some breathing space by paying out large unexpected costs like utility bills up front so your cash flow remains unaffected for other living expenses. You can apply for a loan with MoneyMe online and without paperwork for up to $50k, comfortably covering all of your existing debt and converting it into a single stream that you may even be able to redraw on like a virtual credit card.
If you’re planning a holiday, then you might want to take advantage of possible early-bird sales which usually offer significant discounts for holiday-makers who make the full, upfront payment for their trip at the time of booking. Booking travel early often rewards customers with a whole range of perks.
If you’ve identified an area of your life that could be made a little easier and a little more enjoyable with an express loan then now is the time to work out how to apply for one and get your funds as soon as possible.
Up until recently, money lenders offering personal loans have needed access to a whole host of paperwork and references, bank statements and payslips. MoneyMe is an online lender. Our application and approval process is clean, simple, fast and often results in access to a same day loan for even large loan amounts like a student loan. It’s low doc, meaning that we don’t need paper copies of anything. We even offer you your loan contract online where you can digitally sign and return it.
Completing a personal loan comparison is a great way to see what kind of credit is available and for what price. Your personal credit history is
often the biggest factor in what kind of personal loan amount you will have access to, and what personal loan rates will be offered, but there are other factors which are taken into account too. A lender will also asses your general living expenses. To find out whether your loan is affordable, you can use our personal loan calculator to see how much can I borrow and to check how fortnightly or monthly repayment would affect you current living situation.
Our online application process takes just a few minutes and will ask you about your current employment, living expenses and other debts you have. We will then ask you for secure access to your online banking account. Don’t freak out. This access is offered as a read-only option. We cannot change or alter your bank account and we cannot give away your banking password or pin because we never see it. Your security is important to us and we use SSL encryption to keep your details safe, just like your online banking app or website will.
How much you can borrow for a personal loan will depend on your current financial commitments and your past financial history. We will take into account the whole story here. In the past, a credit report was likely only to show the poor performance of an individual’s credit history and not what they have been doing to repair or refinance. Now
we have access to the last 24 months of your transaction history so if you were experiencing financial hardship and have started to make inroads into fixing your situation, that work will be reflected in your credit report and very carefully considered by MoneyMe when it comes to what kind of products and personal loans we can offer you.
We love rewarding customers and good credit customers have access to lower fees on future personal loans. Once you have repaid the interest on your personal loan then you can, assuming your
circumstances permit, apply to refinance your loan amount which may result in increasing it.
Personal loans offered by a money lender with a current Australian Credit Licence, and who acts in adherence to current legislation, are completely legal. In Australia, money lenders are held to very stringent lending standards to ensure credit customers receive fair and affordable credit products. For example, credit providers are not allowed to loan funds to a customer they know is not able to repay that loan. We work closely with all of our customers to ensure that your
repayment schedule is comfortable, affordable and tailored to your personal financial circumstances.
If you should have any questions about how MoneyMe operates or wish to check our lending credentials, please contact our customer service team either online, via email or over the phone.
Refinancing is a great way of tying up loose ends and eradicating small and cumbersome debts like high-interest credit cards. When you have a personal loan with MoneyMe, you do have some flexibility to manage your loan how you want to. Through your personal dashboard you can manage and monitor your personal loans, opt for making extra repayments or even paying out your personal loans in full, ahead of
schedule. There are no early termination fees, so we won’t sting you for being an excellent credit customer. Once you are paying the principal of your personal loan amount and your financial circumstances are flexible enough, you can apply to refinance your loan.
MoneyMe is about offering customers fast and tech-friendly applications and approval experiences for our suite of personal loans and credit options. This means that when you apply online with MoneyMe, you access a wholly online process which is completed in just a few minutes. If you’re applying during business hours and you have everything you need ready to hand at the time of your application, then you could receive your approval instantly. Once you have signed your loan contract online then we can even initiate the
transfer for your new funds immediately. Depending on the time of day and which bank your account is with, you may even have access to your funds within minutes. If not, then funds are usually accessible the next business day.
Apply online today with MoneyMe for personal loans of up to $50,000 or our Freestyle virtual credit card, available for balances of up to $20,000.
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What our customers say
Things you should know
For an unsecured personal loan of:
Personal Loan from $2,100 to $50,000
• Minimum 12 months
• Maximum 60 months
Based on an unsecured loan of $30,000 over 5 years:
Minimum interest rate of 6.25% p.a. (7.64% p.a. comparison rate2). The total repayment is $36,186.31, which includes $30,000 principal, $495 establishment fee, $600 monthly fees, and $5,091.31 interest.
Maximum interest rate of 11.95% p.a. (13.32% p.a. comparison rate2). The total repayment is $41,254.45, which includes $30,000 principal, $495 establishment fee, $600 monthly fees, and $10,159.45 interest.
2This comparison rate is based on an unsecured 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.
Things you should know
For a line of credit:
Fees and charges
Interest rate 16.99%3
Credit limit approvals up to $20,000
Minimum withdrawal amount is $100
Monthly account fee of $9
Only applies if outstanding balance is over $20
Annual fee from $0 to $149
Based on your credit limit and rating
3This 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.
Other fees that may apply
Dishonour fee of $15
This is payable each time a direct debit is dishonoured on your commitment to make a loan repayment is not met.
Overdue account fee of $15
This is payable each time your account is not up to date by the end of the last day of the month.
Based on a revolving line of credit of $20,000 over 2 years
Minimum interest rate of 16.99% p.a. (26.66% p.a. comparison rate4) with total cost of $6,421.40
Maximum interest rate of 25.99% p.a. (40.73% p.a. comparison rate4) with total cost of $6,880.34
4 Warning: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates.