The smarter, faster
way to borrow

How Much Can I Borrow?

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The new type of credit card

  • Credit limit up to $10,000
  • Tap n Pay or shop online interest-free
  • Withdraw to your bank
  • Easy fortnightly or monthly repayments
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Personal loan

For the bigger things in life

  • From $2,100 to $50,000
  • Straight to your bank fast
  • Easy fortnightly or monthly repayments
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Why choose
MoneyMe?

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Completely online

No fuss, no paperwork.
Get up to $50,000
in minutes

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Quick decision

Complete our 3 minute application process to
get an outcome fast

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Competitive rates

Fairer rates tailored
to your credit profile
and history

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Fixed repayments

Self-manage your
repayments from within
your MoneyMe account

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Calculate How Much You Can Borrow

Asking the question “How much can I borrow?” is the first step when considering taking out a loan. It’s important to assess your financial situation carefully before taking out a loan, to ensure you can comfortably repay the loan without any issues down the track. To help you with this, MoneyMe provides a free borrowing calculator tool that helps you calculate the repayments that might be expected of you if you are approved for a personal loan.

Calculating Your Borrowing Capacity

On this page you’ll find the borrowing calculator tool where you can select your preferred loan amount, loan repayment period, MoneyMe credit rating, and repayment frequency. We advise that you try a few different combinations of these different inputs, to best understand your range of options when taking out a personal loan with MoneyMe.

Another way to assess whether a personal loan is right for you is to add up all of your liabilities (such as regular expenses or other debt), then compare this amount with your income. Provided your income is the higher of the two amounts, the greater the gap between your income and your liabilities, the more comfortably you should be able to support the loan. This will also result in a higher likelihood of your loan being approved.

Factors That Affect Borrowing Capacity

Other factors that a lender might consider when you apply for a loan are whether your work is full time or part time, whether you have outstanding bills, and whether you have a good credit history.

When you apply for an unsecured loan, the lender might also consider what you’ll be using the loan for, and even whether you have dependents. But at MoneyMe we keep things simple with our unsecured loans by simply assessing your total income against your liabilities, and looking out for responsible spending habits that give us confidence that you’ll be able to repay your loan.

How Do I Get Started?

You can start the process right away by checking what loan amount, period and frequency you can afford, by using the borrowing calculator found on this page. If you find a repayment amount and period that suits your financial situation, you will have worked out how much you can borrow. Then click “Apply Now”, enter the required personal details, and complete your application within minutes.

Things to know
about our costs

We believe in transparency and fair costs, with no hidden fees

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Tailored rates

We look at more than just your credit score to give you a fairer, cheaper credit offer

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Upfront and honest

We're transparent about our costs, with no hidden fees or charges

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We're here for you

Our team is available to help 7 days a week

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98%

%

of customers
would recommend
MoneyMe to a friend

Ready to get started?

How Much Can I Borrow | MoneyMe

Personal loans made easy

Access to fast credit like online personal loans or quick cash loans can help you cover expenses quickly and offer you the flexibility to take advantage of a great deal when it comes along. But you might be asking yourself, “how much can I borrow?” With MoneyMe, the application process is straightforward, with no paperwork and no fuss. Apply and get up to $50,000 in your bank account, all done in minutes.

Learn more

Personal loans made easy

Access to fast credit like online personal loans or quick cash loans can help you cover expenses quickly and offer you the flexibility to take advantage of a great deal when it comes along. But you might be asking yourself, “how much can I borrow?” With MoneyMe, the application process is straightforward, with no paperwork and no fuss. Apply and get up to $50,000 in your bank account, all done in minutes.

Find the right loan for you

If you’re new to credit or you want to know what kind of credit options are available, the first thing you might ask yourself is, “How much can I borrow right now for quick cash loans?”

 You might have been offered a great learning opportunity where you need a student loan or an education loan to help you cover the fees. Affordable loans from money lenders like MoneyMe can help cover these fees upfront with a fixed repayment schedule and better personal loan interest rates so you can focus on the more important things, like getting stuck into studying!

 Working out how much I can borrow will help you plan for opportunities and give you an insight into what kind of personal loans Australia has for you, and which type of credit options might offer the best solution to address your current needs. If you’re planning to purchase an asset like a car or get upgrades for your boat, you can check what kind of rates you can comfortably afford for unsecured car loans or a boat loan. And if you need help relocating to a new rental property, there is a bond loan or rent assistance to help you cover upfront moving costs.

Freestyle: The First Virtual Credit Account

A traditional revolving line of credit offers a flexible alternative to small personal loans, short term loans and unsecured personal loans. The great news is, MoneyMe has a similar product offer with this flexible feature that lets you do so much more.

 Designed for Gen Now, the Freestyle Virtual Credit Account is like a virtual credit card that lets you Tap n Pay, shop online and send money, all from your smartphone. It gives you access to an approved credit limit that you can use anytime and anywhere that Mastercard is accepted as a form of payment. It’s the best parts of buy-now-pay-later and a credit card all in one convenient product, all made possible by our award-winning smart technology.

 Freestyle offers up to $10,000 in minutes. Rather than funding the entire amount directly into your bank account, you have the freedom to choose how much to withdraw within your approved credit limit and repay the amount in full or instalments. We won’t charge you for repaying your balance in advance, and we align your repayments with your current pay cycle so you won’t get caught with late fees.

 How much can I borrow: Just like how we process unsecured loans, we take into account various factors to determine your credit limit for a line of credit. Apart from your personal and income details, we also look into your credit history, debt obligations and living expenses to come up with a fair and tailored loan outcome.

 The Comprehensive Credit Reporting (CCR) has been changing the way online money lenders like us assess your credit history. Unlike the conventional credit reports that only show your past defaults, late repayments and credit enquiries, the new reporting system paints a more holistic view of your credit file. Citing both the negative and the positive, you become more in control of your credit score and can positively influence it by simply making repayments on time.

Determine your ideal rate

Your first step to determining the interest rate that’s right for you is to find a personal loan calculator. It is an online tool designed to give you a quick computation of how much you can borrow and what kind of interest rate you will be offered when you are approved for both personal loans and mini loans. All you have to do is select your desired loan amount and preferred repayment duration, then you’ll get your expected principal loan amount along with your interest rates and establishment fees on the spot.

 If by any chance you don’t have a credit history yet or perhaps have had trouble with your credit rating, taking out an advance loan, quick same day loans or small loans and making your repayments on time may be able to help you access lower rates and loan offers with better value. Your credit score is also one of the lending criteria that allows online lenders to make better risk-based assessments and ensure that you receive a fairer loan decision.

Calculate your loan repayments

To figure out how much your regular repayments will be for cash loans online, you’ll need a personal loan repayment calculator. Loan calculators will break down your regular repayment amount for you, offering an indication of likely repayment schedules and amounts before you apply. You can use this online calculator to help you stay on top of your finances and answer the question of “how much can I borrow” by creating a budget based on your expected repayment amount.

Safe and secure loans

We’re all about responsible lending, and we make sure to have a good look at your personal circumstances to come up with a personalised decision for your instant loan application. As an Australian Credit Licence holder, we require you to submit your online bank statements. We are permitted with read-only access to your banking activity for the last 90 days, and there’s no way we can view, access or change your online banking login details. This simply allows us to fast track your application, and we use the same security-level encryption as your bank to ensure that your personal data is completely safe.

Loan eligibility

To be eligible to apply for our credit products including same day loans, you must be a resident of Australia, receiving a regular employment income and at least 18 years old. Unlike the conventional lending process, we won’t ask for any paperwork and we don’t want to waste any of your time. Apply for our easy loans online and get an outcome in a matter of minutes. Once approved for MoneyMe’s instant loans, sign your digital contract and expect to have the funds in your bank account in as little as minutes. Fast and easy – just like how all things in life should be!

Easy loans for all things big and small

For big home projects and major repairs, you may apply for renovation loans and easily repay them over a few years in fixed instalments. This way, you can enhance your living space without breaking the bank. You may also opt for a travel loan if you are looking to go on an overseas adventure, book flights in advance or pay for other travel expenses without any upfront costs. Or maybe your big day may be coming up soon and you want to apply for a wedding loan to make sure you have extra money on hand for unexpected expenses.

 Quick loans like a cash advance or same day cash loans may also help you settle urgent payments, like minor home fixes or medical bills not covered by your health insurance.

Reach out to us

To learn more how much I can borrow and how to access quick cash today, feel free to contact us via hello@moneyme.com.au or call us on 1300 669 059 anytime during business hours.

 Don’t put your life on hold. Apply now and get the funds you need right now with MoneyMe.