Get approved for a cash loan

Getting a cash loan on the spot can be an easy process if you have a decent credit history and are employed. MoneyMe is a responsible lender, which means we must check the eligibility of the person taking out the personal loan and whether their financial situation allows them to finance the loan plus interest. If you need money now and want to quickly take out a cash loan, see how you can improve your eligibility here.

MoneyMe is not authorised to provide personal advice about financial products, however there are general things that can be done to improve the eligibility for a personal loan.

People with better eligibility are:

• Employed full-time or part-time for a long period at the workplace
• Show up in their bank statement of regular income
• Income covers expenses and liabilities
• Healthy bank balance that generally increase
• Don't have risky spending habits such as betting and gambling
• Don't have many other existing short term loans

Even if you don’t tick every criterion, you may still be eligible to get approved. There are also other things you can do to get the loan:

• Select a lower loan amount
• Reduce your liabilities or expenses compared to your income
• Reduce fees for your services such as phone, mobile, gym and other liabilities
• Tighten your budget and stick to it – yes easier said than done
• Cut back on risky spending habits