Get a low rate personal loan today

Cheaper rates than
the big 4 banks

for an unsecured personal loan

Fast & easy
online application

Money can be in your
account same-day

If applied before 5pm (Sydney time)

Flexible repayments
with no early exit fees


Our awesome low rates
vs the big 4 banks

The above comparison rates are based on an unsecured 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. Comparison as of 8/12/2020. $495 establishment fee and $10 monthly fee applies to MoneyMe.

Apply with confidence

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Simple, online application process

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No-obligation personalised offer

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Fast same-day assessment

Funds transferred & available immediately after approval

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What is a personal loan?

A personal loan is money borrowed over 1 to 3 years, and can be repaid in small instalments. A personal loan can be used to buy a car, travel overseas, or consolidate debt. MoneyMe offers online personal loans up to $50,000. The repayment terms are flexible and there are no early repayment fees.

How to get a personal loan

You can get a personal loan, if you are employed and 18 years or older, by completing a simple online application with MoneyMe. It’s that easy. Enter the amount you wish to borrow and loan period, and provide your personal details. Once your loan is approved, cash will be in your bank account on the same day, and within minutes in some cases.

How to apply for a personal loan

Applying for a personal loan with MoneyMe is quick and simple.

  1. Let us know how much money you’d like to borrow, and your ideal repayment period.
  2. Complete your personal information, bank account details, and valid email address.
  3. In a few minutes you will receive a decision. Once approved, you could receive cash within minutes.

Personal loans approved fast!

There are times in life when a little extra money would come in handy, sooner rather than later. MoneyMe loans are the safe, hassle-free way to get the cash you need.

MoneyMe offers Australians fast, reliable personal loans. We are responsible finance providers, specialising in personal lending of amounts up to $50,000. There are no hidden fees, long wait times or other tricky complications.

FAQs about MoneyMe Personal Loans

What is a personal loan?

A personal loan is borrowed money that allows you to make big or small purchases without having to pay anything upfront. You can repay it in weekly, fortnightly or monthly repayments over the agreed term with your lender. A personal loan can be used for a variety of reasons, such as home renovations, holidays, or to pay off existing debts. Here at MoneyMe, you can apply for unsecured personal loans from $2,100 up to $50,000.

What is the difference between a secured and unsecured personal loan?

A secured personal loan is a type of credit that is backed by collateral—such as a home or a car—that your lender has the right to seize in the event you default on the loan. This type of personal loan poses less risk to the lender, making it easier for borrowers to get approved.

On the other hand, an unsecured personal loan is not protected by any collateral. The lender can’t seize your asset as the payment for your loan in case you default.

How do I apply for a personal loan?

Simply apply through our website or the MoneyMe app available in App Store and Google Play. Our application process is entirely online, with no face-to-face interactions and lengthy paperwork—you can complete it within 3 minutes!

How soon can I get the outcome of my personal loan application?

You can expect to receive a decision within an hour if you apply during business hours, which is 8am to 9pm Mondays to Fridays and 9am to 9pm on weekends. We send you the funds instantly upon approval. However, how quickly you receive them depends on your bank. If you apply outside of business hours, it may take a little longer to know the outcome of your application.

How soon can I re-apply for a personal loan if my previous application was declined?

With MoneyMe, the cool-off period depends on the reason why you were declined, but the shortest period before you can re-apply with us is 30 days.

What is a personal loan comparison rate?

Normally presented as a percentage, a comparison rate allows borrowers to determine the true cost of a personal loan. You may notice that the interest rate charged on the loan is typically higher on a comparison rate—because rather than just showing the amount borrowed plus the interest rate, the personal loan comparison rate also includes the establishment fees and other associated fees that you have to pay within the loan term.

What is personal loan refinancing?

Personal loan refinancing refers to taking out an entirely new loan and using that money to pay off an existing loan. It is typically done to obtain lower interest rates and better loan terms. Refinancing gives you the same amount of repayments but accumulates less interest upon your scheduled repayments, making the overall loan amount less expensive.

What fees are associated with personal loans?

One of the costs associated with our personal loans is the establishment fee, with the amount depending on how much your loan will be and your credit history. We also charge an interest rate starting from 6.25%.

How are interest rates determined?

Lenders determine interest rates primarily according to the borrower’s credit score. When you apply for a personal loan with us, we try to see the whole picture to come up with an interest rate suitable to an individual’s circumstances. Apart from your credit score, we also take into consideration other factors such as income, debt obligations and living expenses.

What is an early repayment fee?

Lenders determine interest rates primarily according to the borrower’s credit score. When you apply for a personal loan with us, we try to see the whole picture to come up with an interest rate suitable to an individual’s circumstances. Apart from your credit score, we also take into consideration other factors such as income, debt obligations and living expenses.

At MoneyMe, we won’t charge you early payment or early exit fees should you decide to make an early repayment for your personal loan.

Can I redraw the balance I have successfully repaid for personal loans?

The balance you have repaid won't be available for use again. This feature is only applicable to our Freestyle product.

What is credit history?

Credit history is used to describe how a borrower uses their money, such as the number of credit cards and loans you have. It also shows how long your accounts have been open, the number of your credit enquiries and whether you are making your repayments on time. Once you have acquired a credit card or have taken out a loan, then you already have a credit history which will then reflect on your credit report and credit score.

What should be my credit score when applying for a personal loan?

Whilst your credit score is an important part of your personal loan application, a number of other factors are also taken into consideration. Other factors taken into account when reviewing your application include your income, debt obligations, living expenses any previous MoneyMe history to come up with a fair and tailored loan decision.

How do I find out my credit score?

You may obtain your credit score from your credit card company, financial institution or the loan statement from your lender. Take note that while the three nationwide credit bureaus (Equifax, Experian and TransUnion) can provide credit reports, they do not usually contain credit scores.

How can I improve my credit score?

If you wish to improve your credit score, first you must obtain a copy of your credit score and credit report. This will help you stay on top of your finances and understand more about your credit standing. The important things to keep in mind are to:

  • Make sure all credit information are accurate
  • Rectify incorrect information
  • Note negative reports such as deferrals, defaults and frequent credit enquiries
  • Take initiative in improving your credit position
  • Pay your loans and bills on time
  • Keep track of your credit record and all your financial commitments

What credit reporting agency does MoneyMe use?

The credit reporting agencies we use are Equifax and Illion.

Can I get a personal loan on a bridging visa?

We cannot review your application while you’re on a bridging visa, but we can once your visa status is confirmed.

How can I change my account information if I'm switching banks?

Once you've logged in to your MoneyMe account, go to 'Account details' and click on Update your details 'here'. A window will appear where you can enter your new bank account details. Press send to submit.

Alternatively, you may contact us directly on 1300 669 059 or send an email to

How can I contact MoneyMe?

Whilst we’re completely online, we’re always here to help. You can reach us via phone or LiveChat during opening hours or by emailing at any time.

What is MoneyMe’s operating hours?

We’re available from 8am to 9pm on weekdays and 9am to 9pm on weekends. We’re also open on most public holidays.

Does MoneyMe have other credit products apart from personal loans?

Yes—aside from personal loans, we also offer Freestyle: A virtual Mastercard that offers up to $20,000 for in-store Tap n Pay and online shopping, fast transfers to your bank account, pay-anyone features and more.

Personal loans in 1 hour

Once you’ve applied for a loan, we’ll get back to you quickly. 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.

MoneyMe loans range from $2,100- $50,000 and the cost of borrowing will vary depending on your MoneyMe loan rating, loan amount and term. Go to the Cost page to find out what your cost of borrowing may be.

Repayments are aligned with your pay cycle. If you're late paying us back, there may be additional fees, but we'll let you know about these upfront. 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.

Secure and responsible personal lending

When you take out a small personal loan with MoneyMe, you can rest assured that your security is our priority. MoneyMe uses the same online security measures as banks and other reputable payment companies.

With secure and fast Proviso technology, we can access 90 days of your bank statements online in a matter of seconds (the information is read-only and no one can touch your account). So, there’s no messing around with sending us paperwork. Just supply your details and that’s all we need to get started with your personal loan application.

To be eligible to apply you must be working in Australia and 18 years or older. If you pay back your MoneyMe loans on time, you can build a good trust rating with us and may be able to borrow larger amounts in the future. Apply for a MoneyMe personal loan now.

What our customers say
Personal loans



Out of 1,329 reviews

Personal Loans up to $50,000 Approved Online | MoneyMe

Personal loans made easy

Experience a straight-forward 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.

Learn more

Personal loans made easy

Experience a straight-forward 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 it 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.

In Australia, a personal loan lender or bank must hold an Australian Credit License to legally provide loans. There are generally fees and charges included, such as an establishment fee and other ongoing fees.

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. MoneyMe gives access to easy loans, like fixed 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 score, we consider various factors to determine your rate. This includes your credit history, 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 customized rate.

Unsecured personal loans

How does an unsecured personal loan work? An 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 fixed rates instead of multiple fees for every kind of debt.

With MoneyMe’s online loan application, you can get as much as $50,000 without any paperwork and in the comforts of your home. A brand-new and convenient way to pay off all your existing debts!

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.

Conventional loan processing can require a lot of paperwork and references, bank statements and paychecks. MoneyMe offers loans for Generation Now. It’s 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, living expenses and existing financial commitments, we will retrieve you 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 personal rate and offer. This includes you general living expenses, income, and employment history. You can use our online loan repayment calculator to help with how much you can borrow, for how long and to understand your expected repayments.

As a responsible lender, we want you to be comfortable with your repayments. When you have successfully repaid a loan with MoneyMe, we update your MoneyMe credit rating and may be able to offer lower rates 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. When you have a personal loan with MoneyMe, you do have the flexibility to manage your loan how you want to. Through your Members Area access, you can monitor your personal loans, opt for making extra repayments, or manage your personal loan details. There are no early termination fees, meaning you can repay your loan in full for free at no extra cost.

How long do personal loans take to process?

MoneyMe is about offering customers a fast and user-friendly application and approval processes. 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.

What our customers say
Personal loans



Out of 1,329 reviews

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