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$5,000 Personal Loan

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


Monthly repayment from


Example interest rate

9.20 %

Comparison rate*

10.58 %

Total charges


Total repayments


Disclaimer: This calculator provides an estimate only and a comparison rate based on the example information provided. Other fees, costs and charges are not included. This calculation is not an offer for credit. The amount you can borrow may vary once you complete a loan application and all the details relevant to our lending criteria are captured and verified. The interest rate for this product is variable and subject to change. Any calculations made by you using this calculator is intended as a guide only.

$5,000 Personal Loan

Are you looking for a $5,000 personal loan? Maybe you’re moving to a new house and you need some additional cash to cover upfront costs, such as the bond and hiring removalists. Or you might want to pay in advance for a holiday, buy some new electrical appliances or furniture, or need some extra money for emergency car repairs or other unexpected bills. Whatever the reason, there are times in life when an extra $5,000 would make all the difference. If you need some extra money, you’ll need to find the personal loan that best suits you and your financial circumstances.

Learn what type of loan best suits you

From secured or unsecured personal loans, variable interest rates, short term loans or long term loans – there are many factors to consider when taking out a personal loan. A secured loan generally has low interest rates, but it means you are required to have an asset of a similar value (such as a car or equity in your house) to use as security against the money you have borrowed. This means the lender has the right to repossess your asset if you default on your payments, so you’ll want to make sure you can afford the personal loan repayments before taking out the loan. With an unsecured loan, you will generally pay a higher interest rate but you won’t need to have an asset to use as security.

What does comparison rate mean?

When you are comparing interest rates between different lenders, you might see two rates listed. The regular interest rate as well as a comparison rate. Comparison rates take into account the interest rate, as well as fees and other costs that you’ll be required to pay over the loan term. Fees include upfront fees such as an application fee, ongoing fees, late payment fees and discharge fees. When taking out a $5,000 personal loan, you’ll need to factor in all these fees and charges when deciding which loan is best for you so it is best to look at the comparison rate, too.

Getting loans from online lenders

As well as getting personal loans from your local bank, these days there are many loans online that are available through online credit providers. Interest rates can be lower with online lenders as they have fewer overheads to pay, and the application process is usually much quicker as they can be completed from anywhere. You won’t need to go into the local branch of your bank or involve in a lot of paperwork. With so many online lenders available, how do you know which one is best? With an Australian Credit Licence, MoneyMe is a reliable online lender who has been providing same day loans to many happy customers around Australia. With simple repayments, low-interest rates tailored to your profile and no early exit fees, MoneyMe is an obvious choice for easy loans

You may be wondering how much your personal loan repayments will be and the amount of interest you’ll need to pay on your $5,000 personal loan. The MoneyMe personal loan calculator is a free tool that helps you to work this out. Simply enter in the loan amount you want to borrow and your preferred loan repayment period, which will depend on the total amount of the personal loan and the tool will calculate your expected repayments. For a $5,000 personal loan, the repayment period will need to be between 3 months and 2 years. You also have the option to select your interest rate which is determined by your credit history. And, the good news is our good credit customers may get access to lower fees on future personal loans. Using the calculator helps you work out whether the personal loan you want will be suitable and whether you’ll be able to afford the personal loan repayments.

At MoneyMe, we are conscious of only approving loans that can be comfortably serviced, but we do look at your financial situation, too. If you don't have a great credit history, taking out a personal loan can be more difficult but not necessarily impossible. Thankfully, due to changes in the information in the credit report that lenders have access to, the report now also includes your most recent history which helps paint a fuller picture of your financial circumstances. This means our team will be able to see any progress you’re making and whether you’ve engaged and maintained current payment plans to help you manage any existing debt. Access to the last 24 months of your transaction history will let us see if you’ve started to make inroads into fixing your financial situation, and then we can carefully consider that when it comes to determining what type of products and personal loans we can offer you.

Freestyle Virtual Mastercard®

If you need $5,000 immediately, another alternative to applying for a $5,000 personal loan is to get the MoneyMe Freestyle Virtual Mastercard®. This online credit card is stored on your smartphone and can be used at any place that accepts a Mastercard. Applying for a credit card that offers up to 55-day interest-free is quick and easy and it’s all done online. Once your virtual credit card has been approved you’ll have quick access to fast, reusable loans just like a line of credit up to $20,000. You can shop online, Tap n Pay in-store or send the money straight to your bank account. MoneyMe is all about offering our customers fast and tech-friendly experiences across our whole suite of personal loans and credit options. And, although MoneyMe is a 100% online business, our support team is available to help you 7 days a week via phone, email or LiveChat.

We know that with quick cash loans, time is of the essence. If you take out a $5,000 personal loan with MoneyMe, with their super quick application process, it will only take you a few minutes to apply online. Rather than needing to wait around for several hours, or even weeks, to see if your application has been successful, we use the latest in financial technology so we can give you a fast outcome. Depending on the time of day and which bank your account is with, you could have the funds in your account in as little as 60 minutes. If not, the funds will usually be accessible in the next business day. You’ll then be able to access the Member’s Area, which is your own personal loan dashboard online, where you’ll be able to monitor and manage your $5,000 personal loan details. 

Whether you need a $5,000 personal loan, a $20,000 personal loan or a $30,000 personal loan, MoneyMe offers personal loan options ranging from small loans of $5,000 to large loans up to $50,000. With MoneyMe, instant loans are made easy. Apply online today, and you’ll have your $5,000 personal loan in your bank account even before you know it!

Our customers

$5,000 Personal Loan

Fast, fair and easy. Very happy customer. Happy to get another loan in the future from MONEYME.

Simple process, easy to follow application, quick response time and good support.

I was impressed with how easy and quick the application was. Very happy with their customer service, and the app is very convenient.


Review Stars Out of 2,701 reviews

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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!

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