Personal loans

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Lowest Interest Rate Loans

Trusted by thousands of Australians

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


Monthly repayment from


Example interest rate

6.25 %

Comparison rate3

7.64 %

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. Any calculations made by you using this calculator is intended as a guide only.

Lowest Interest Rate Loans

At MoneyMe, we provide personal loans with low interest rates and with our fast application process, the money can be in your account on the same day. Our loans are unsecured which means you are not required to offer an asset as security to be eligible. If you compare our interest rates for an unsecured personal loan against the big 4 banks, you can see for yourself how competitive our personal loan rates are. We have example comparison rates on our website.

With a wide range of cash loans available from different personal loan lenders, finding the lowest interest rate loans in Australia can be challenging. So it’s worth shopping around to see what the cheapest interest rate loans are, as you don’t want your loan to cost you more than it needs to. 

To find the lowest interest rate loans, it is worthwhile looking at the comparison rates, not just the interest rates. Comparison rates also factor in some of the associated fees, such application fees and ongoing fees, giving you a more accurate idea of the true cost of the loan. Although it is a helpful indicator, the comparison rate will not necessarily take into account every single fee so before making your final decision, you’ll need to look at the fine print outlining the fees, terms and conditions of the loan. 

Personal loan rates aren’t the only factor to consider when finding the best loan for you. Aside from low interest rates, MoneyMe personal loans offer flexible repayments with no early exit fees. With a current Australian Credit Licence, MoneyMe is a responsible money lender and we use the same online security measures as banks and other reputable loan companies, so if you take out a MoneyMe low rate personal loan you know you’ll be in safe hands.

How is the interest rate calculated on loans?

When calculating interest rates on loans, several factors, including your credit rating, can be taken into consideration. If you want to get the lowest interest rate loans on offer, making sure your credit rating is as good as possible is a great way of doing this. As your credit report will evolve over time, making changes to your financial habits now can improve your credit rating in the future. 

At MoneyMe, we set our personal loans rates based primarily on the borrower’s credit report, however, we also consider the applicant’s total income, living expenses and existing debt obligations. If your loan is approved, we’ll send you your offer straight away and it will clearly show what rate of interest you will be charged on your loan and what your loan term is. Unlike variable interest rates that are impacted when the market rate goes up and down, MoneyMe offers variable interest rate finance options so your interest rates will stay the same over the duration of your loan. Knowing how much your repayments will be for each payment period upfront will help you with budgeting. We will also align your repayments with your pay cycle which should make it easier for you to make your repayments on time and avoid any late payment fees. Paying your loans on time is a great way to build your trust rating with us and it means you may be able to borrow larger amounts of money at lower rates of interest in the future. If you decide to make an early repayment for your low rate personal loan or pay the loan out in full before it is due, MoneyMe doesn’t charge early repayment or early exit fees. You’ll be made aware of any fees and charges associated with the loan upfront, so there won’t be any surprises along the way.

How do I apply for a lowest interest rate loan?

Applying for lowest interest rate loans can be as easy as spending a few minutes online. At MoneyMe, applying for last minute loans is a quick and straightforward process, and there is no application fee. You can apply via our website or download the MoneyMe app that’s available from the App Store or Google Play, so you can apply at a time and place that suits you. You simply need to let us know how much money you’d like to borrow and what your preferred repayment period is. Our low rate personal loans range from $2,100 to $50,000. You’ll then need to provide us with some personal information including a valid email address and your bank account details. Using secure technology, we can access 90 days of your bank statements online in just seconds which saves you from sending us piles of paperwork. The information will be provided as read-only so we won’t be able to touch your account.  In most cases, you’ll receive a decision in minutes, and our personalised offers are obligation-free. To be eligible to apply for MoneyMe’s variable rate finance, you need to be currently employed, at least 18 years old and be a citizen or permanent resident of Australia.  

How long will it take to get a lowest interest rate loan?

The amount of time it will take to get lowest interest rate loans will depend on the bank or financial institution that you are getting your loan through. Whether you need a loan for a new car, home renovations, to pay for a holiday or just to get on top of your bills, in many cases you’ll want to be able to access your money as soon as possible. At MoneyMe, we offer fast loans with a speedy assessment process so you’ll usually receive your outcome on the same business day. However, if your financial situation is particularly complex or you are unable to provide all the required information straight away, the loan approval process may take a little longer. The funds will be transferred into your bank account immediately after approval. Depending on who your bank account is with, in some cases the funds can be in your account on the same day you apply.  

If you need to borrow money, an alternative to finding the lowest interest rate loans is to apply for a line of credit. The MoneyMe lower rate Freestyle virtual Mastercard® works like a credit card and comes with a range of features including interest free payment plans. A virtual Freestyle account allows you to make purchases now and pay for them later with up to 55 days interest free. You can use your Freestyle virtual Mastercard® for in-store Tap n Pay, online shopping or transferring funds to your bank account. If you operate a business and would like to offer our merchant payment system MoneyMe+ to your customers, please get in touch. This business payment solution is an easy way to offer a buy now pay later option for purchases, and a great way to increase sales and customer loyalty. 

Unlike traditional banks, MoneyMe is an online business so we don’t have physical branches that you can come in and visit. We are here for you 7 days a week. You can call us at 1300 860 441 or get in touch via live chat during our operating hours (8am to 9pm AEST Mondays to Fridays and 9am to 9pm AEST on weekends). If you need any help finding the best low interest personal loans or have any questions about any of our products, our friendly support team would love to chat to you.

Our customers

Lowest Interest Rate Loans

Unbelievably easy finance when I needed it the most. A huge thank you from me and as a returning customer I know that I am getting a fair deal.

After 5 to 10 minutes of filling up my application, my loan has been approved and the money was in my bank account. I had a great experience that is why I'm giving them a 5-star rating. Excellent service. Thank you very much, MoneyMe.

Amazing through and through. MoneyMe helped me out when no one else would and they have been a delight to deal with. I 100% recommend their service. They're an absolute joy to deal with!


Review Stars Out of 2,701 reviews

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Transparent and
simple pricing

Interest rate

6.25 %
to 19.95 %

Comparison rate*

7.64 %
to 21.32 %

Establishment fee

$295 for loans between $2,100 and $5,000

$395 for loans between $5,001 and $15,000

$495 for loans between $15,001 and $50,000

Monthly fee


Loan terms

Minimum 1 year

Maximum 5 years

Early exit fees


*This comparison rate is 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. A $495 establishment fee and $10 monthly fee applies.

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