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

$

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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.
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*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.

$20,000 Personal Loan



Whether you are in the market for a new car, an overseas holiday or planning a wedding, a $20,000 personal loan can help foot the bill. Or you might be in an unfortunate situation of having to pay unexpected medical bills or other expenses. Whatever you need it for, it’s reassuring to know that a $20,000 personal loan may be only minutes away!



Secured loan vs. unsecured loan

There are several factors to consider when taking out a $20,000 loan. Firstly, would you prefer a secured loan or an unsecured loan? The difference is a secured loan uses one of your current assets, such as a car or house, as security against the loan. That means if you default on the loan, the lender could take your assets, but it also means you are likely to get a lower interest rate. With an unsecured personal loan, you are not required to provide security for the loan, which will mean you are likely to be charged higher interest rates and fees. It can be a good option if you don’t have any large assets to provide as security. You then need to decide whether to get a variable rate or variable rate and where to go to get your loan.

As well as banks, there are now many online lenders who can provide quick cash loans at low interest rates. When comparing interest rates between lenders, you’ll need to look at the different comparison rates to get a better idea of the true cost of the loan. The comparison rate allows you to consider the total cost of the loan. As well as the interest rate and the amount of the loan, the comparison rate will account for the loan term, repayment frequency and other fees and charges.



How much can I borrow?

If you don’t need quite as much money you can get a $5,000 personal loan instead, or if you find $20,000 isn’t quite enough, why not get a $30,000 personal loan if you can afford to? In fact, at MoneyMe we offer low-rate personal loans ranging from $5,000 to $50,000 so you can borrow small loans or larger loans, depending on what suits you best. Before you take out your $20,000 personal loan, we suggest you use our free personal loan calculator so you can calculate what your personal loan repayments are likely to be.

The personal loan calculator widget allows you to select the $20,000 personal loan amount (or whatever the total amount is that you want to borrow). Once you’ve chosen the loan amount, you can then select your preferred payment period. The personal loan calculator also allows you to select your interest rate based on your credit history. As an online lender who holds an Australian Credit Licence, MoneyMe believes in fair and responsible lending, so we want to make sure you take out the most suitable loan.



Streamlined application process

Once you’ve calculated your personal loan repayments and are happy that your income can meet them comfortably, you are now ready to apply online. Simply click the ‘apply now’ button to start the process. Once you’ve applied for your $20,000 personal loan, you should receive your decision within a few minutes. Once it’s been approved, the funds can be in your bank account in less than an hour depending on who you bank with, and it will take a bit longer if you apply outside business hours. 

MoneyMe has provided loans online to many happy customers around Australia. They offer quick loans with low rates tailored to your profile. Apply today and you could have $20,000 in your bank in as little as 60 seconds.

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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

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Win $10,000

to kick your goals

Simply download the MONEYME app and describe your goal in 25 words or less for your chance to win!

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Loans for small
and big moments

Won’t impact your credit score!
Won't impact your credit score!
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Medical
Debt consolidation
Vehicle
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Other

What our customers say

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$20,000 Personal Loan

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