Personal
loans for
kicking goals

Low rates starting from 9.19% p.a. (comparison rate from
10.58% p.a.*) with money in your bank account in as little as
60 minutes.

Won’t impact your credit score!
Won't impact your credit score!

Estimate your repayments

Find out how much your repayments and interest rate could be with our calculator.

Enter your loan details

$

Don’t know your score? Check for free

Estimated monthly repayments

$910.72

Example interest rate

9.19% p.a.

Comparison rate*

10.58% p.a.

Total charges

$1,857.28

Total repayments

$21,857.28

It won’t affect your credit score!

An award-winning experience

Check our rates and fees

Interest rate (p.a.)

9.19

% p.a.

up to

23.99

% p.a.

Comparison rates (p.a.)*

10.58

% p.a.

up to

26.58

% p.a.
*This comparison rate is based on an unsecured variable rate 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.
svg-image
svg-image
*This comparison rate is based on an unsecured variable rate 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.

How to Improve Credit Score?



If you’re wondering how to improve credit score and increase your chances of getting approved for loans like a mortgage or other credit products, the answer is easier than you think. 

Whether it’s due to unexpected life circumstances, an accident, injury, or illness, or a global pandemic, most people have experienced financial stress at one point or another. The good news is there are ways you can protect yourself and even build your credit score during these difficult times. 

To a bank, your credit score reflects the level of risk you represent as a borrower. It encapsulates your credit application and debt history, and your positive and negative repayment behaviours. The higher your credit rating, the better you look to lenders like the bank or financial institution you’re seeking to borrow from – and the more likely you are to be approved. 

At MoneyMe, we’ve got a range of financial tools and articles to help you better understand things like what is a credit score, does afterpay affect credit score, what is a good credit score in Australia, does ZipPay affect credit score, and more.



How to check credit score?

It’s a common misconception that banks or other financial institutions are the only ones able to tell you ‘what is my credit score’, that a credit score check costs money, or that you can only find out your credit health by making an application for a loan or other credit product. 

Using MoneyMe’s new credit score finder is the most convenient method of how to check credit score – and it’s 100% free of charge. 

Simply visit us online and provide the necessary information for us to legally identify you through our secure digital credit portal, and we’ll deliver an up-to-date credit report direct to your email reflecting the last five years of your credit behaviours.

Using your free credit history, combined with your current financial status, you can assess whether you’ve got a good credit rating and are in a reasonable position to apply for credit, or if you need to wait and boost credit score first. 

A key part of checking your credit score is ensuring there aren’t any inaccuracies on your record that could be bringing your score down unfairly. This might look like loans or credit cards that you haven’t applied for – and is typically a sign that someone has attempted to use your identity to illegally obtain credit. In such instances, you’ll need to contact the Australian Financial Complaints Authority to notify them of identity theft and to raise a dispute with your credit provider. Getting these applications – and, in some instances, debts – removed from your record is an important start on how to improve credit score. 

If your credit report is clean of any fraudulent activity, it’s time to start looking at the lines of credit you currently have open – such as personal loans, a mortgage, credit cards, payday loans, buy now, pay later accounts – and your repayment habits. 

Here are the top five things you can do to improve your credit score:



Pay your bills on time

With recent changes to consumer credit reporting laws, financial institutions and other providers are now only presented with the past two years of your credit history – instead of five. Thanks to what’s called Comprehensive Credit Reporting, they’re also privy to what are called credit behaviours, a.k.a. your repayment patterns. Whereas previously only missed payments or a default were recorded on your account, these days your positive behaviours are also reflected – meaning all those consistent, timely bill repayments are helping you to build your credit score.

If you run into trouble and think you can’t pay a bill, it’s important to reach out to your utility or credit provider so you can put a payment plan or financial hardship arrangement in place before the due date. While under such an agreement, the missed payments won’t negatively impact your credit. It also demonstrates you are conscious and proactive with your finances and are working to improve your situation.



Reduce the credit you have available to you

Your credit report shows every application for credit you’ve ever made – as well as any open accounts or debts. If you’ve got credit cards or other instant access credit available, reducing the number of open accounts is a good way to start working towards a good credit rating. If you have a credit card, lowering your credit limit can help reduce the perceived level of risk in lending to you. Similarly, reducing your use of multiple buy now, pay later services can also help fix my credit score. 



Don’t shop around for credit

While it might be tempting to try your luck across the board, it’s important not to shop around and apply for multiple credit products within a short amount of time. This is because every time you make an application for a line of credit, it’s recorded on your credit file. Multiple loan or credit card applications within a short period can significantly damage your credit score.



Speak to a financial advisor

Far from being just for those with an overflowing stock portfolio, a conversation with a financial counsellor can help you get a much clearer picture of your finances. Their industry insight and experience can help you make your money work smarter towards rebuilding your credit score and your other financial goals. 



Keep track of your credit score

Keeping an eye on your credit score – and how things appear on your credit report – has never been easier thanks to MoneyMe. You can learn more about your credit history and how to improve credit score through MoneyMe.

svg-image

How to apply

1 Check your rate

See your interest rate and repayments in less than
5 minutes. It won’t impact your credit score!

2 Submit your application

Review your loan offer, hit 'submit application', and
we'll take care of the rest.

3 Get your funds

If approved, you can have money in your bank account
in as little as 60 minutes.

Must be Australian citizen, New Zealand citizen or permanent resident

Earn more than $30,000 p.a. from employment

Must at least be 18 years old

Bank-grade security

‘Read only' access to accounts

256-bit data encryption

svg-image

Loans for small
and big moments

Won’t impact your credit score!
Won't impact your credit score!
Big purchase
Renovation
Holiday
Medical
Debt consolidation
Vehicle
Education
Other

What our customers say

4.6 review rating
How to Improve Credit Score

Trusted by thousands of Australians

awards

Everything you
need in one app

Apply in minutes and manage your account
wherever and whenever you need it.

Ready to
kick your goals?

Personal Loans are running hot!

55 people in the last 24 hours have applied

Freestyle is running hot!

55 people in the last 24 hours have applied

Debt Consolidation is running hot!

55 people in the last 24 hours have applied