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Personal Loan Interest Rates Information

How much do you need?

For how long?

Credit history

Your repayments will consist of an establishment fee of $0 and interest of $0. The repayment amount is based on the variables selected, is subject to our assessment and suitability, and other important terms and conditions apply.*

*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

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Completely online

No fuss, no paperwork.
Get up to $50,000
in minutes


Quick decision

Complete our 3 minute application process to
get an outcome fast


Competitive rates

Fairer rates tailored
to your credit profile
and history


Fixed repayments

Self-manage your
repayments from within
your MoneyMe account


My Personal Loan Rates

At MoneyMe, we like to be fully transparent with our personal loan rates. We pride ourselves on having no hidden fees whatsoever, so we will never leave you wondering about our cost structure. As a responsible lender, we also want you to be happy with your loan experience. This is why we reward on-time payments with a strong MoneyMe credit history, that can result in lower cost loans in the future.

Your Best Interest

Deciding the type of interest rate that best suits your circumstances can be confusing. There are two types of personal loan interest rates: fixed or variable. A fixed interest rate loan has an interest rate that does not change during the fixed period of the loan. This means that you, as the consumer, will always know with complete accuracy how much your future repayments will be. You will also be safeguarded against any future rate rises, as your interest rate will not shift even if they do. A variable rate loan, on the other hand, has an interest rate that fluctuates in response to changes in the cash rate. That means that if interest rates go down, you pay less, but if they rise you will need to pay more.

About Interest Repayments

Our personal loan rates are some of the most competitive in Australia. At MoneyMe, your personal loan interest rates are determined by your credit history. This means that every time you borrow with us and repay your loan on time, you will be eligible to take out a larger loan at a cheaper rate the next time you apply. We also look positively on those who are new to credit, as we don’t believe you should be disadvantaged just because this is your first time borrowing.

You can also find out your comparison loan rate via our website. Your comparison loan rate is your personal loan rate combined with any associated fees for the entirety of the lending period, given in a single percentage figure. This helps you better understand the exact cost of the loan.

Understanding your credit score

You can find out what your credit score is when you make a personal loan application. If you don’t have a high enough score, however, don’t hesitate to get in touch with us today. At MoneyMe we understand that circumstances change, and we take a whole range of information into consideration when determining your personal loan rates and your borrowing capacity.

Things to know
about our costs

We believe in transparency and fair costs, with no hidden fees


Tailored rates

We look at more than just your credit score to give you a fairer, cheaper credit offer


Upfront and honest

We're transparent about our costs, with no hidden fees or charges


We're here for you

Our team is available to help 7 days a week



of customers
would recommend
MoneyMe to a friend

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Personal Loan Interest Rates | MoneyMe

Easy, straightforward cash with no hassle

For competitive personal loan interest rates up to $50,000, apply now with MoneyMe. We are a low-doc money lender offering personal loans and instant loans for individuals seeking hassle-free and fast credit options. Featuring a completely online application process with no lengthy paperwork or long days of waiting, we specialise in providing small loans and larger unsecured personal loans for your everyday financial needs.

Learn more

Easy, straightforward cash with no hassle

For competitive personal loan interest rates up to $50,000, apply now with MoneyMe. We are a low-doc money lender offering personal loans and instant loans for individuals seeking hassle-free and fast credit options. Featuring a completely online application process with no lengthy paperwork or long days of waiting, we specialise in providing small loans and larger unsecured personal loans for your everyday financial needs.

We can help you with rent assistance through our bond loans or when you simply need a little extra cash to stay on top of your finances through our cash advances.

For anyone seeking credit, the first question you are likely to ask yourself is: “How much can I borrow?” The next question would probably be: “What are the personal loan interest rates on offer?” Your interest rate will determine the overall cost of taking out a personal loan, so understanding exactly how the calculations for your loan interest is important. 

Credit products are designed to offer additional funds for individuals who don’t have the cash they need right now. Ensuring that your living expenses are still adequately covered, and your personal budget won’t be negatively impacted by your loan application, is something we take very seriously. We believe in responsible lending and offering unsecured loans and a line of credit to people who understand what they’re applying for and who can comfortably manage fixed repayment schedules. We want to help you get ahead in life, not fall behind.

Are personal loan interest rates calculated daily?

When you apply for a credit product with us, including our Freestyle Virtual Credit Account, we are very transparent with the interest rates applied to your credit. These interest rates are offered as a per annum (yearly) percentage and are calculated monthly on your credit balance. Personal loan interest rates will differ between products and between applicants – with high-risk credit customers normally attracting higher interest rates. 

Here at MoneyMe, is that while we take into account your credit history as other providers do, we have also created an in-house credit rating for our customers when they apply for any of our products. This means that if your credit score isn’t as good as it could be, you may still earn a better credit rating with us by taking out easy loans and mini loans and repaying them promptly, within our agreed terms or even earlier without early payment charges. For every successfully repaid loan, your internal rating at MoneyMe gets stronger and stronger, giving you access to lower personal loan interest rates and loan offers with a better value the next time you apply with us.

If you have been offered a credit card or cash loans and you’d like to work out the monthly interest charged on your credit amount, then follow these easy steps:

  • Determine the loan interest rate offered to you (in percentage)
  • Divide it by 100 to decimalise it
  • Divide that amount by 12 (for each month of the year)
  • Multiply that number by the credit balance (e.g. $2000)

Convert the monthly rate from decimal format back to a percentage by multiplying it by 100

Know the rate that works for you

You can also use our personal loan calculator to get a preview of your expected fortnightly or monthly loan repayments. Simply select your desired credit amount and repayment duration for your personal loans Australia into the calculator and adjust the interest rate to reflect the most likely interest you will be charged. Even though our personal loan repayment calculator shows you the interest and establishment fee, take note that all the amounts you’ve selected are still subject to further assessment.

Indicative repayments for short term loans usually translates into paying less in interest over the repayment duration than long term loans. Small personal loans over shorter periods, however, could mean higher monthly repayments. For instance, you can do a quick comparison between repayments on a travel loan or renovation loan taken over 1 year or 3 years, and choose the best loan term that better suits your current living expenses.

Freestyle: Spend now, pay later

Alternatively, you may opt for our line of credit, the Freestyle Virtual Credit Account, if you’re looking for a credit product with far greater flexibility than our same day cash loans and quick loans. While our personal loan interest rates offered with our same day loans and quick loans are competitive, they offer you a lump sum payment that you repay over time and cannot redraw upon regardless of any repayments you have made. A line of credit, on the other hand, allows you to redraw credit on balances once you have repaid them. With Freestyle, you are offered up to 55 days interest-free on all purchases with your Freestyle card, which means you can spend more without paying any interest for a longer period.

Freestyle is available for up to $10,000 that you can use for daily spending. Rather than another piece of plastic to put in your wallet, it’s like a virtual credit card that is stored in perhaps the most important thing you carry wherever you go – your smartphone. You can use your credit card to Tap n Pay in-store, shop online or transfer money straight to your bank account or anyone. And with Freestyle, you can do more. Keep it for emergencies like moving costs, urgent car repairs and other unforeseen events that life throws your way. Use it for everyday things while you set yourself a clear monthly budget for your expenses. The Freestyle Virtual Credit Account is designed for your on-the-go needs, anytime and anywhere. It’s your spend now, pay later and credit card – all-in-one.

We’ve got you covered

If you’re searching for competitive personal loan interest rates for products like student loans, car loans and boat loans, MoneyMe has the perfect solution for you. We specialise in offering same day loans to customers who are looking for fast funds. Don’t miss out on early-bird tuition rates by not being able to pay for your full term upfront – apply online at MoneyMe and let us help you secure the best rate education costs available. And don’t let your dream boat sail away! Get access to cash loans online to purchase your dream water cruiser in no time.

MoneyMe is the money lender for Gen Now. We have developed a simple and straightforward loan process, from your online application until you get your funds. To be eligible to apply, you must be at least 18 years old, a resident of Australia and be currently employed.

With our advanced proprietary loan management platform, you can complete your entire online application in a matter of minutes. We don’t need frequent phone calls to talk to you or your boss. You don’t have to print out anything, even when you’re approved for your new loan at great personal loan interest rates. We take care of everything digitally. Find out what interest rates await you when you apply for a personal loan or a Freestyle account with MoneyMe today.