Applying for a MoneyMe loan to cover your small kitchen renovation cost is easy.
It takes just a few minutes, and you can apply online or using the handy MoneyMe app. To be eligible to apply, you’ll need to be at least 18 years of age and an Australian citizen or resident for tax purposes. We’ll verify this by asking you for an Australian government-verified form of identification such as your driver’s licence, passport or Medicare card.
Before you get started on your application, we recommend checking out our handy loan calculator. You’ll be able to compare a variety of loan amounts, lending periods and repayment options for your renovation project. We believe in responsible lending and are transparent about our fees, so you’ll know exactly how much your repayments will be ahead of time, with no hidden surprises. What’s more, we won’t penalise you for making early repayments - in fact, we encourage it!
When you begin your loan application, we’ll ask you about how much you’d like us to lend you to support your small kitchen renovation cost - and any other renovation costs you’re considering like a bathroom remodel, veranda cost or wood heater installation cost - and over how long. Once you’ve confirmed that, you’ll need to tell us about your employment and income, daily expenditure, and any liabilities, savings, and assets.
We’ll then review your credit history using the new reporting methodology. Whereas previously, your credit file only reflected any negative activities, such as where you may have missed a bill or defaulted on a line of credit, the new, comprehensive method of credit reporting allows us also to see your positive credit behaviours. We think it’s great, as it means all your regular, on-time repayments are recognised - creating a much clearer, fairer, and more positive borrower profile.
Once you’ve completed the online loan application form, we’ll ask you to sign in to your online bank platform. It’s important to note that we don’t receive access to your account - our system simply requests a 90-day transaction statement in PDF read-only format from your bank. After receiving it, our online loan management system will use it to confirm the information you provided around income, existing debt, and other expenses listed in your application.
This is the final step in the loan application process, and you’ll receive the outcome about your kitchen home improvement funds immediately after.
So, if you’re ready to get cooking, jump online and hit ‘Apply Now’ on the MoneyMe website or app, and you could have the cash for your small kitchen renovation cost in your account today.