Low Rate Freestyle
Virtual Mastercard®

Line of credit reimagined.

Get our lowest rate advertised of 16.99% p.a.
plus $250 back*. Add to your mobile wallet instantly & enjoy up to 55 days interest-free on purchases.

Low rate 16.99% p.a. & $250 back*

Add to your mobile wallet to use instantly & enjoy up to 55 days interest-free on purchases.

*$250 is credited back to your account when you spend a minimum AUD$1,000 on purchases using your Freestyle Virtual Mastercard®. Eligible for applications made from 01/09/2020 for a limited time only.
View full T&C’s here.

*$250 is credited back to your account when you spend a minimum AUD$1,000 on purchases using your Freestyle Virtual Mastercard®. Eligible for applications made from 01/09/2020 for a limited time only. View full T&C’s here.

Award winning finance solution

Award winning finance solution

Ready to use credit limit
up to $20,000 in minutes**

With instant access to your virtual
Mastercard® via the MoneyMe app

Our low rate
of 16.99% p.a.

Get our lowest ever
advertised rate

Pay later with
interest-free

Enjoy up to 55 days interest-free
on purchases***

Transfer money
straight away

To your bank account,
to friends, to anyone

Where to use Freestyle?

  Browse  

Australia’s first
virtual credit account

Apply now. Get it now. Use it now. Download today.


How to get started

MME_homepage_Final-V2 1

Create an account

Set up Freestyle in minutes via the MoneyMe App or get started here

2 2

Add to mobile wallet

Tap ‘Add to mobile wallet’ in the MoneyMe App and follow the prompts to activate Tap n Pay

3 3

Credit available 24/7

It’s that simple! Shop in-store & online or send money to your bank account straight away

  • MME_homepage_Final-V2 1

    Create an account

    Get set up in minutes via
    the MoneyMe App or get
    started here

  • 2 2

    Add to mobile wallet

    Tap ‘Add to mobile wallet’ in
    the MoneyMe App and follow
    the prompts to activate Tap n Pay

  • 3 3

    Credit available 24/7

    It’s that simple! Shop in-store
    & online or withdraw money
    to your bank straight away

Our fees and charges

Limit

Up to $20,000*

Annual fee

from $0

Monthly fee

$5

(waived if your balance is less than $20)

Interest-free period

up to 55 days**

Interest rate

16.99% p.a.

Credit back

$250*

Other fees and charges may apply.

*$250 is credited back to your account when you spend a minimum AUD$1,000 on purchases using your Freestyle Virtual Mastercard®. Eligible for applications made from 01/09/2020 for a limited time only. View full T&C’s here.

What our customers say
Line of Credit

4.92/5

56 reviews

[title here] [long description here]
98%

%


of customers
would recommend
MoneyMe to a friend

1 review

5

Such a great company. Easy to deal with and quick at responding to your questions.

Like

1 review

5

Super easy to use.

Like

1 review

5

MoneyMe was very fast and easy to deal with. I would highly recommend them.

Like

1 review

5

MoneyMe's application process and standard of service were impressive. Thank you. I will recommend MoneyMe.

Like

1 review

4

It was very easy to apply online. Fast reply and great communication during the process. I got my money in my account in seconds once it's approved. Thanks, MoneyMe.

Like

[title here] [long description here]
98%

%


would recommend
MoneyMe to a friend

Ready to get started?

Up to $20,000

Low rate 16.99% p.a. & $250 back*

  • Up to 55 days interest-free
  • Fast approval in minutes
  • Add to mobile wallet to use instantly
  • Transfef credit to your bank or pay anyone

*$250 is credited back to your account when you spend a minimum AUD$1,000 on purchases using your Freestyle Virtual Mastercard®. Eligible for applications made from 01/09/2020 for a limited time only. View full T&C’s here.

Freestyle:
it’s more than just a Line of Credit

The Freestyle Virtual Credit Account is more than just a revolving line of credit. It’s a virtual card that lives on your smartphone, providing you with instant access to up to $20,000 once approved. Tap n Pay in-store, shop online and send money straight to your bank. With a quick and easy application, instant card creation and up to 55 days interest-free on purchases, Freestyle is a more convenient way to pay for the things you love, every day. We offer Freestyle Virtual Credit Accounts from $1,000 to $20,000.

How do I set up a Freestyle account?


To be eligible for a Freestyle Virtual Credit Account, you must be employed, 18 years or older and an Australian resident. Simply complete our easy online Freestyle credit application by clicking “Apply now” above. It takes just minutes to apply and once your Freestyle account is approved, you’ll be able to use your line of credit straight away.


Applying for a Freestyle Virtual Credit Account is quick and easy. You’ll need to enter your personal details, employment information, income, expenses and submit your bank statement via our secure and safe online portal.


Usually you’ll get an outcome within minutes if applying during business hours. If we need to confirm some details, or you apply outside of business hours, then this may take a little longer.


A Freestyle Virtual Credit Account allows you to have quick access to money when and where you need it. You can use up to your approved line of credit limit anytime, anywhere.


With Freestyle, you know you can count on us when you need it. Plus, there’s no hidden costs or lengthy wait times.


Get approved within minutes


When you apply for a Freestyle Virtual Credit Account, you’ll generally get a decision on-the-spot. Once approved, we’ll set you up with a virtual card so you can start making purchases straight away, in-store and online. If you transfer money from your line of credit to your bank, this can take anywhere from a few minutes up to 1 business day, depending on who you bank with.


Freestyle Virtual Credit Accounts range from $1,000 to $20,000, depending on your credit profile and history. You’re able to decrease or request an increase for the limit on your line of credit, which is subject to our assessment and suitability.


We’ll automatically set you up with a payment schedule with fixed amounts


aligned to your pay cycle. We’ll remind you before we take payments to ensure you have the funds in your account (and to prevent any accidental missed payment fees!). Plus, you can get up to 55 days interest-free on purchases. To view our costs, visit our Costs page.


Secure and responsible lending


When applying with MoneyMe, you can bet our top priority is security. At MoneyMe, we use bank level encryption to ensure your data is safe and secure.


When submitting bank statements online, we use illion’s trusted and secure technology that provides a ‘read-only’ 90-day snapshot in PDF format of your bank statement transactions. That means no one at MoneyMe, or illion, has access to your account or login details – it simply takes a snapshot of your transactions in PDF format. This, along with some personal, employment and spending details is all we need to process your Freestyle application.


As you make your repayments on time, your history with us improves and you may be able to increase your line of credit limit.



Ready to get started?

Up to $20,000

Low rate 16.99% p.a. & $250 back*

  • Up to 55 days interest-free
  • Fast approval in minutes
  • Add to mobile wallet to use instantly
  • Transfef credit to your bank or pay anyone

*$250 is credited back to your account when you spend a minimum AUD$1,000 on purchases using your Freestyle Virtual Mastercard®. Eligible for applications made from 01/09/2020 for a limited time only. View full T&C’s here.

Things you should know

For a line of credit:



Fees and charge

  • Interest rate 16.99%*

  • Credit limit approvals up to $20,000

  • Minimum withdrawal amount is $100

  • Monthly account fee of $5

    Only applies if outstanding balance is over $20

  • Annual fee from $0 to $149

    Based on your credit limit and rating

*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 oustanding 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.

Example repayments

Based on a revolving line of credit of $20,000 over 3 years

  • Minimum interest rate of 16.99% p.a. (20.44% p.a. comparison rate^) with total cost of $3,460.19

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.

Line of credit up to $20,000 Approved Online | MoneyMe

Flexible credit at your fingertips

Introducing Freestyle: Australia’s first virtual credit account, which is like a virtual credit card that provides you with all-in-one access to shop now & pay later with a line of credit and more. If you’re looking for a credit card that offers ultimate flexibility, Freestyle is the smarter choice. It lives in your smartphone and not in your wallet, delivering you access to instant, reusable loans in the form of a line of credit up to $20,000.

Learn more

Flexible credit at your fingertips

Introducing Freestyle: Australia’s first virtual credit account, which is like a virtual credit card that provides you with all-in-one access to shop now & pay later with a line of credit and more. If you’re looking for a credit card that offers ultimate flexibility, Freestyle is the smarter choice. It lives in your smartphone and not in your wallet, delivering you access to instant, reusable loans in the form of a line of credit up to $20,000.

Tap and Pay in-store and shop online anywhere with Mastercard or send money to anyone. Our smart tech assesses your application in real-time so you can get all these instant cash perks in a matter of minutes without any lengthy paperwork.

What is a line of credit?

A line of credit is a type of credit product that lets you access funds on a revolving basis. Rather than credit in the form of a personal loan that is funded on a lump sum basis, a line of credit offers anytime access to your credit limit, which can be drawn down in increments, repaid in full or in part, and then drawn down again the next time you need money on-the-go.

Think of it like a quick loan, small cash loan or unsecured personal loan that offers you cash today with repayment options tailored to you. We won’t charge you early payout fees when you repay your line of credit in full. We also align your fortnightly or monthly repayments with your current pay cycle, so you won’t have to worry about getting caught with late fees. MoneyMe offers a complete suite of credit options designed for Gen Now. They’re flexible funds whenever and wherever you need them.

A better way to access money

Freestyle is transforming the way credit works. Not only do we offer an entirely online application and approval process, but we also don’t waste time and resources with unnecessary plastic. Your credit card lives in your smartphone and is designed to support in-store Tap and Pay and online shopping. It’s a modern credit solution to address consumer demand for quick service and instant solutions. It’s easy to apply and get approved for – even your contract is signed digitally! Cash advance loans in the form of a line of credit have never been this flexible and easy.

Understanding how to calculate the interest rates on your cash loans online or same day loans is important. If you have taken out an unsecured car loan or a mini loan, then you will be able to understand what part of your regular repayment constitutes your principal loan amount (the amount you borrowed) and which part is the interest amount.

 Freestyle is like a virtual credit card with up to 55 days interest-free on all purchases. This means that you get no interest charge until this period has expired, and you may be able to pay with no interest if you repay in full within 55 days.

 When you take out personal loans, Australia has various loan providers that offer fixed repayment schedules in which your yearly interest is broken down to monthly amounts. This interest repayment is automatically calculated into your fixed repayment amount that you pay fortnightly or monthly, depending on your pay cycle and personal preference.

Your expected repayments

A personal loan calculator can show you what the total amount of interest is payable over the length of your loan and give you an indication of the kind of repayment amount you will be looking at. If you’re asking yourself, “How much can I borrow?” or “Will I be capable of making monthly repayments?”, a personal loan repayment calculator may help paint a clearer picture for you and give you an estimate of your expected rate should you proceed with your loan application.

 If you’re looking for a quick way to calculate your monthly interest on a line of credit or on small personal loans, check out our loan calculator. It’s online and easy to use. Simply enter your desired loan amount and preferred repayment duration, then you’ll get a preview of your repayments right then and there.

Line of credit eligibility

If you are 18 years or older, a resident of Australia and currently employed, then you are eligible to apply for our line of credit, easy loan or short term loans. As a responsible money lender, we also look at a range of factors such as your credit history, income, living expenses and the existing small loans you may have before we make a decision.

Where can I use my line of credit?

A line of credit offers you access to revolving amounts of credit when you need it rather than a complete lump sum of credit like unsecured loans funded into your bank account. It’s the more flexible alternative to small personal loans that gives you the freedom to decide how much to spend and what for, all within your credit limit.

 You can use a line of credit like a cash advance that offers you credit funds for covering expenses when you’re a little short, or when an unexpected expense arrives like car repairs, travel expenses or education fees. You can make quick and easy online purchases like a flight from Sydney to Melbourne at a great price using your Freestyle Virtual Credit Account. If you’re planning a wedding, consider our wedding loans to put down a deposit for your venue and big event.

 You can use your line of credit for things like rent assistance when rent is due before your pay cycle or for covering your grocery bill, your utilities, or for getting your hands on that perfect sale item available only for a limited time. If you’re planning an interstate move from Perth to Adelaide, or a short stay in Brisbane, use your line of credit to access quick cash and cover your expenses upfront.

 While a line of credit or same day cash loans may offer quick cash access for your daily needs, big-ticket items might be better suited to a specific loan type like a boat loan.

 If you’re planning to pursue a new degree or develop your existing skillset, then student loans or an education loan might be the best option for you. Travel loans offer you another option, helping you to budget carefully for holidays or extended travel overseas. If you need help for a rental property, then a bond loan can offer you the funds you need to pay for moving expenses, while renovation loans can help you cover the cost of improving your property. We offer all these types of loans as unsecured loans with personal loan interest rates tailored to you, meaning you don’t have to present collateral to secure the loan.

Apply now

For day-to-day living expenses and help when you need it fast, choose the flexible line of credit from MoneyMe. Experience a Virtual Credit Card fast approval: Apply now, get an outcome in minutes and access money in as little as 60 seconds from approval.

Get our lowest rate advertised
of 16.99% p.a.
plus $250 back*.