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Unsecured Loans

Personal loans for

Low rates starting from 9.20% 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!

Trusted by thousands of Australians

The Morning Show

*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. Comparison as of: 13/07/2023

Trusted by thousands of Australians

The Morning Show

Types of loans

Big purchase
Debt consolidation

An award-winning experience

Estimate your repayments

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

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Estimated monthly repayments


Example interest rate

9.20% p.a.

Comparison rate*

10.58% p.a.

Total charges


Total repayments


It won’t affect your credit score!

Awesome low
interest rates

We bet you'll be happy with our low rates.

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

*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.

*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.

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  • 1

    Easy online application with an outcome in as little as 60 minutes

  • 2

    Once approved, we’ll transfer money to your bank account in seconds

  • 3

    Download our app to manage your account and repayments with ease

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

What is an unsecured loan?

An unsecured loan is where money borrowed from a lender is not guaranteed against a security. This is compared to secured loans, where a house or car needs to be pledged. MoneyMe unsecured loans are available entirely online. This means you can get up to $50,000 fast, with no paperwork or queuing.

What is the difference between secured and unsecured loans?

A loan that is backed by an asset, like a car or house, is a secured loan. The lender may sell the secured asset if you cannot repay the loan, which they cannot do if the loan is unsecured. MoneyMe offers only unsecured loans, which you can apply for online in 3min.

How to get an unsecured loan?

Getting an unsecured loan with MoneyMe is quick and easy:

  1. Complete the 5min loan application on our website, select your desired loan amount and how long you need to repay the loan.
  2. Fill in personal and bank details, estimated income, and email address.
  3. Receive a decision in minutes and, depending on your bank, cash within minutes too.

Unsecured loans, easy application

For easy loans, think MoneyMe. Our online, simple loan application process takes just a few minutes to complete and gives you access to a straightforward, transparent finance option.

There are times in life when you might find that you need cash right now. MoneyMe unsecured loans have quick and easy approvals. They’re the safe, hassle-free way to get the cash you need, with no hidden fees, long wait times or other tricky complications.

Get your unsecured personal loan fast!

Once you’ve completed our online application, we’ll get back to you quickly, within the same day if applied during business hours. Upon approval, funds can be in your bank account in an hour or less - you could even have your cash in seconds! This depends on your bank of course and if you apply outside of business hours, it will generally take a bit longer. It is so simple to get a loan that you can use it for just about anything including for a small business.

At MoneyMe, we’ll never lend you more than you can afford to repay and there are no hidden transaction fees.

Repayments are aligned with your pay cycle. If you're late paying us back, there may be additional fees, but we're completely upfront about these. If you're having trouble repaying, get in touch with us ASAP and we may be able to help. You can easily contact us via phone, email, live chat, Facebook or Twitter.

Our customers

Unsecured Loans

Personal Loans up to $50,000 Approved Online

Personal loans made easy

Experience a straightforward and simple online application for personal loans up to $50,000. Everything is fast and easy – no paperwork and lengthy forms. Your online personal loan application just takes minutes to finish, and once you get approved, funds can be in your bank account in just a few minutes depending on who you bank with. Plus, you can manage your personal loan from your Members Area, including making extra repayments. Our fast cash loans are personalised based on your credit history and can be applied for anytime and anywhere.

What is a personal loan?

A personal loan is a credit product that you can borrow from a lender, such as MoneyMe, and use to pay for expenses like car purchases, home improvements or holiday travel. This type of loan is usually unsecured, which means you don’t have to back up your application with assets or collaterals. For fees and cost savings that suits your situation, you may either choose a variable rate loan or a variable rate loan for your monthly repayment.

In Australia, a personal loan lender or bank that offers variable interest rate loan must hold an Australian Credit Licence to legally provide loans.

Personal loans come in all shapes and sizes. You can get a fast cash advance or quick cash loans when you need fast money for an upcoming life event or an emergency while waiting for your next paycheck. This is what MoneyMe is built for – to give you access to extra cash and easy money whenever you need them.

The future of personal loans

Enjoy a fast and simple experience from application up to getting your funds. As a responsible lender, we align your fortnightly or monthly repayments to your pay cycle. This way, you don’t get caught with late fees! Everything is done online with the use of our advanced and secure technology to ensure that your experience is fast, fair and tailored to your financial situation. We’re the next generation of credit and personal loans.

For larger expenses such as a brand-new car, a wedding, home renovations, or university fees, you are going to need more than just a short term loan. As we do not offer a variable rate loan, MoneyMe gives access to easy loans, like variable rate personal loans to ensure you have available funds with fortnightly or monthly repayments for the bigger things in life.

Manage your finance easier

Personal loans give you access to refinance options and help you manage bills and debts. We understand that getting on top of your bills and payments can be a bit challenging at times.

Here at MoneyMe, we can provide fast credit solutions to help with your everyday credit needs. One of our payment solutions is Freestyle, our virtual credit card. Applying for a Freestyle virtual credit card is easy and fast – just apply via the MoneyMe app or website, add it to your mobile wallet, and your credit is available 24/7 a few minutes after your approval. It’s that simple!

Apart from your credit file, we consider various factors to determine your interest rate. This includes your income, debt obligations and living expenses. Every bit of information helps us paint a more comprehensive picture of your finances and come up with a fully customised rate.

Unsecured personal loans

How does an unsecured personal loan work? A variable rate secured personal loan must be secured against the value of an expensive asset that you own, such as your house or your car. You are not permitted to sell that asset until the loan term ends. Unsecured variable rate loans are not tied to any of your assets.

A variable rate unsecured personal loan is an effective solution for debt consolidation. Think of it as a solution that can help you pay off your existing debts from various creditors. It helps you avoid the hassle of paying off multiple debts and lenders and allows you to pay in variable repayments instead of multiple fees for every kind of debt.

With MoneyMe’s online application, you can get as much as $50,000 with a new unsecured personal loan without any paperwork and from the comfort of your home. Compare personal loans online to ensure that you are getting the best comparison rate you can.

A tech-driven alternative to conventional loan processes

Forget about long waits and tons of paper documents. With MoneyMe’s express loan offers, getting funds has become easier and faster. As a MoneyMe customer, you enjoy a quick and easy variable rate loan application online taking less than 5 minutes to complete and submit. Our variable rate finance options mean that you know exactly what your comparison rate is, can easily compare personal loans among providers and quickly see whether you're getting the best personal loan interest rate available.

Conventional loan processing can require a lot of paperwork and references, bank statements and paychecks. MoneyMe offers loans for Generation Now. It’s a smooth, simple, fast process and gives you access to a same day loan or a student loan. You don’t need to provide a ton of paperwork or fill out lengthy forms. We’re completely online – even our contract is signed digitally.

How to get a personal loan

Our online application takes just a few minutes to complete. After entering your current employment details, living expenses and existing financial commitments, we will retrieve a 90-day online copy of your bank statement transactions electronically using our secure portal. This is a highly secured process and your bank statement will be available as a read-only option. Your security is important to us and we use SSL encryption to keep your details safe, just like your online banking app or website.

Apart from your credit score, we take into account other factors to determine your interest rate and offer. This includes your general living expenses, income, and employment history. You can use our online loan repayment calculator to help you compare personal loans, learn how much you can borrow, for how long and understand your expected repayments. It is also a perfect tool to check for the p.a. comparison rate and other fees that may be associated with your loan.

When you have been approved, you will receive a loan offer showing you what interest rate you have been charged as well as the comparison rates. The comparison rate is important. This relates to the total cost of the loan that you are applying for. Variable rate loans maintain the rate of interest throughout the term of your finance, while a variable rate or variable interest rate finance will mean fluctuating repayment amounts. When you check for the comparison rate of personal loans, always ensure that you compare a variable rate loan and the associated costs with a variable rate loan option.

As a responsible lender, we want you to be comfortable with your monthly repayment. When you have successfully repaid a loan with MoneyMe, we update your MoneyMe credit rating and may be able to offer you a lower rate and fees on your future loans with us.

Can I self-manage my personal loan?

Refinancing is a great way of tying up loose ends and eradicating small and cumbersome debts like high-interest credit cards with a variable rate finance option. As a MoneyMe customer you have the flexibility to manage your finance how you want to. Through your Members Area access, you can monitor your personal variable rate loan, opt for making extra repayments, or manage your personal details. There are no early termination fees or early repayment fees and cost meaning you can repay your balance in full for free at no extra cost.

How long do personal loans take to process?

MoneyMe is about offering each customer a fast and user-friendly application and approval processes for our variable rate loan products. While we do not have variable rate offers, when you apply online with us the process is completely online and takes just minutes to complete.

If you are applying during business hours, you can get approved fast with funds transferred immediately once approved. Depending on the time of the day and which bank your account is with, you may even have access to your funds within moments after approval. Otherwise, you’ll get your money the next business day.

Personal Loans

How much personal loan can I borrow?

MoneyMe believes in responsible personal lending and transparency about what reasonable rates lenders should expect. While you may have an idea of the total loan amount, you should keep in mind that it does not include the fees and charges associated with it.

If you want to learn more about how much I can borrow using a personal loans calculator, please visit MoneyMe.

In our role as a digital platform that offers personal loans from $2,100 up to $50,000, we provide a personal loan calculator to help you calculate monthly or fortnightly loan repayments. Knowing the total amount and the interest rates will help you plan for covering unexpected expenses, improving your home, and consolidating your debts, among other things.

To use our personal loan calculator, you simply need to know how much money you can borrow and how long your repayment plan will last, and we’ll show you how much money you’ll need to make monthly payments.

Please note that this calculator is an estimate and not a direct offer. Our calculator uses example comparisons and rates, which will vary based on the terms of your personal loans.

Which bank is best for a personal loan?

MoneyMe makes finding large and small personal loans easy. We offer the best online loan service for those seeking lending loans. You can get the money the same day by using MoneyMe’s secure online platform. Here are some of the ways we set ourselves apart from other online bank loans:

  • Rates that start lower than the big four banks. The interest rate is generally the most important factor when comparing personal loan offers. Your loan will cost you less over time if your interest rate is lower.
  • Fees that are minimal to none. Unlike some lenders, we have no early exit fees. We also offer a flexible repayment schedule, which allows you to pay comfortably and responsibly.
  • All-around positive reviews. Our website shows who we’ve lent to and what they say about our service. It is not hidden how many individuals we have helped financially, and many positive reviews of our company can be found online.
  • Easy and quick online application process. You can receive an answer regarding your personal loan application within minutes (compared to other bank loans or private loans) since we use cutting-edge AI technology to determine your loan eligibility.

Using the latest and most secure technology, you can apply online for your personal loans fully paperless. Applicants must be 18 years of age or older, permanent residents in Australia, and currently employed. If you’d like to start your lending journey or need any other financial help, such as bond assistance SA, you may visit our website and apply for personal loans with our application form. 

How to check how much I can borrow using a personal loan calculator?

Online personal loan calculators let you know how much money you can borrow from lenders. MoneyMe offers free, easy-to-use large and small loan calculators you can access via your desktop or mobile device at any time.

You can determine your repayment amount by entering your desired loan amount, preferred loan term, and a brief description of your credit history (which provides your interest rate). Once you provide these details, you will receive the total repayment amount, including the establishment and ongoing fees.

A personal loan calculator also helps individuals understand the interest rate for personal loans and compare credit products. For example, if you decide between a personal loan vs credit card, this tool can allow you to compare the total payment values to help you make an informed decision.

Using a personal loan repayment calculator is a great way to assess your finances before applying for any type of loan.

Your monthly living expenses and monthly repayments can be used as conditions towards creating an indicative budget for personal loans, virtual credit cards, and easy loans, as well as larger loans such as unsecured car loans, joint personal loans, and travel loans.

Are personal loans taxable?

Personal loans are not taxable income since they are loans, not income. Therefore, they are not reported on your income tax returns. A personal loan is considered a debt. You shouldn’t worry as long as you are on track to repay it. In some cases, however, a personal loan can have tax implications.

Get fast approvals on all types of loans – from personal loans to buy a new car to investment loans. MoneyMe also offers a secure, easy approval credit card with security functions and cash advance capabilities so that you can send money instantly to your bank account. This way, you can access fast loans and emergency cash within minutes.

When savings are low, a little extra money can make all the difference. Personal loans from MoneyMe offer competitive interest rates and low fees while providing you with the cash you need for you or your business.

Can I increase my personal loan amount?

If you have already taken out a personal loan but need additional funds, you might wonder whether you can increase the loan amount. Most likely, the answer will be no. However, you may be able to apply for a second loan instead of increasing your loan balance.

At MoneyMe, we have systems to help improve your credit rating that contribute to an increase in personal loan amount following a successful loan repayment. As long as you pay consistently and completely, we give you access to lower rates and more borrowing power.

Can a personal loan be transferred to another person?

As a general rule, at MoneyMe, personal loans are not transferable since they are determined by your credit score and list of income sources.

Depending on the type of loan, your signature is required, which accounts for your promise to pay. Therefore, you cannot simply transfer your personal loans to another person since a contract has already been signed.

However, some personal loans can be transferred to another person, such as car loans and mortgages. Note that they can only be transferred to another borrower in certain circumstances.

First of all, the borrower must be eligible for the loan. In the case of a mortgage, they will need to requalify, meaning they must have a credit score that is at least as good as the original borrower’s.

Can we pay a personal loan in advance?

Since we do not charge early exit fees at MoneyMe, you are completely free to pay your personal loans in advance. You can use the MoneyMe app available on the App Store and Google Play to make advance payments.

When used responsibly, personal loans could even help your credit score if you make repayments on time or in advance. We at MoneyMe can assist you with getting personal loans efficiently, whether it’s for a passion project or a new appliance purchase.

Visit our website to answer common questions such as ‘Can you put personal loan repayments on hold’ and more.

Transparent and
simple pricing

Interest rate

9.20 %
to 25.20 %

Comparison rate*

10.58 %
to 26.58 %

Establishment fee
(Direct applications)

$395 for loans between $5,000 and $15,000

$495 for loans between $15,001 and $50,000

Monthly fee


Loan terms

Minimum 3 years

Maximum 5 years

Early exit fees


Ready to get

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

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