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.
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Find out how much your repayments and interest rate could be with our calculator.
Estimated monthly repayments
Example interest rate
Comparison rate
Total charges
$1,857.28
Total repayments
$21,857.28
It won’t affect your credit score!
Interest rate (p.a.)
up to
Comparison rates (p.a.)*
up to
Are you looking for the most affordable long term personal loans? Whether you are buying a car, doing extensive house renovations, or paying for an elaborate wedding, there’ll be times in life when a personal loan would be beneficial. Before deciding whether to get a short or long-term personal loan it is a good idea to look at the pros and cons of each option, as well to compare what deals different banks and money lenders are offering. There are many different personal loans on the market so it is important to find the right one for you.
In many cases, personal loans are paid back over a short term, but some banks and lenders also offer long term personal loans that can be paid back over 5 years or more. Long term personal loans are often used for bigger purchases such as buying a new car, university fees, or home improvements. They work just like any other personal loan where you borrow money and make an agreement to pay it back in regular installments, plus interest, over an agreed period. If you take out a long term personal loan, each repayment will be less than what the repayments would be if you borrowed the same amount over a shorter term, but you’ll end up paying more interest overall.
Some lenders will let you make extra repayments when you can afford to throughout the loan, which will lower your future interest rates. Be aware though, that some lenders charge fees for doing this as well as early exit fees if you pay off your loan sooner than expected. The good news is, if you take out long term personal loans with MoneyMe, there are no early exit fees so you can pay off your loan in full at any time without being penalised.
One of the main advantages of taking out a long term personal loan is that you will have more time to pay it back. This means each monthly repayment will be lower than it would be with a short term personal loan where you are borrowing the same amount of money. Having lower repayments each month can free up money for other things and give you more flexibility in your budget. When weighing up your options, it’s also important to look at the disadvantages of taking out long term personal loans compared to short term loans. The longer the term of the loan, the more interest you’ll pay over the life of the loan. Long term personal loans also tend to have a higher interest rate than short term express loans, as long term personal loans are often considered to be riskier. And if you don’t like being in debt, a long term personal loan will take longer to clear than a short term loan.
If you are wondering where to get a long term personal loan, they are offered by several banks and money lenders. To work out what personal loan will work best for you, it is a good idea to undertake a personal loan comparison Australia to weigh up the different options for both short and long term personal loans. Comparing the loan offered by different lenders will also help you decide whether you want to opt for a variable rate personal loan.
To help you work out which loan is best for you. MoneyMe has a free online personal loan calculator where you can compare quick loans with different repayment terms. With MoneyMe’s unsecured personal loans from $5,000 to $50,000, you can choose a minimum repayment period of 12 months and a maximum repayment period of 60 months. Using the calculator you can adjust the repayment period and look at the potential impacts this will make on your repayments. We take responsible lending seriously, so we will only lend you money if we think you’re in a position to comfortably repay it. When deciding this we consider several factors such as your income, loan rating, and your expected living costs.
MoneyMe has a quick and easy application process so you can apply for loans online in just a few minutes. You’ll just need to let us know how much money you would like to borrow and what your ideal repayment period is. After that, you’ll need to enter some personal information including your bank account details and a valid email address. Then, by using the latest in financial technology, we’ll be able to let you know very quickly whether or not your loan has been approved. Depending on who you bank with, with MoneyMe’s quick cash loans if you apply during business hours you could have the funds in your account on the same day. Although the application process is done completely online, if you have any questions as you go, our dedicated support team is available via email, phone, or online 7 days a week and would be very happy to help you. Apply for your loan today, and you could have extra funds in your account before you know it!
See your interest rate and repayments in less than
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Review your loan offer, hit 'submit application', and
we'll take care of the rest.
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
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And the experience was nothing short of outstanding.
The team at MONEYME have been amazing to deal with. Super fast and helpful service & I love how easy the app is to use. 10/10 from me.
Professional and friendly people to deal with. Absolutely great dealing with MONEYME!
Terrific service and almost too easy, great communication, the timing was prompt and the App very handy.. thank you.
The app is fantastic, I like being able to see exactly where I’m at
Great customer service and quick and easy response. There were no extra cost and very happy with the rate I received.
I have had no problems at all everything was done to my satisfaction at a fast and prompt manner.
Loan was sorted quickly and with little fuss. Will use again in the future.
Efficient and Great. Fast approval with a reasonable repayment plan. Can’t ask for much more than that.
Easy to deal with very comparative I will recommend this company and I will definitely use them again and again and again .
Was a stress free application and approval received within hours. Experience was awesome, kept me in the loop when required.
Was a stress free application and approval received within hours. Experience was awesome, kept me in the loop when required. 💚
It's all about the service that is provided for the customer. Would recommend to others
MONEME were a dream to deal with, super tech, super fast and super easy! I wished I had found them sooner.
I’d gladly recommend
MONEYME has been a great help and they assisted me with all my queries.
No Fuss and easy to apply. No problems at all. Straight forward. They took all the worries and before I knew it had my loan sorted. Just great.
Easy to do business with. It was a really easy process and I would highly recommend them.
Done an amazing job, very quick and very reliable. I would recommend MONEYME to everyone. Thank you
It's all about the service that is provided for the customer. Would recommend to others
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