Why choose MoneyMe?

What can you expect

What do repayments look like?


Lucy, 38

8.99% p.a. interest rate

12.36% p.a. comparison rate*

Excellent credit rating

Borrowed $17,000 over 5 years

Monthly repayments: $370.58


Matt, 29

19.25 % p.a. interest rate

21.12% p.a. comparison rate**

Fair credit rating

Borrowed $6,500 over 3 years

Monthly repayments: $258.33




*This comparison rate is based on our personal loan for an amount of $10,000 over 3 years wich includes a 5% establishment fee.

**This comparison rate is based on our personal loan for an amount of $30,000 over 5 years and an 8% (capped at $1,200) establishment fee.

WARNING: These comparison rates are 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.


Things you should know

For an unsecured personal loan of:



Medium Loan From $2,100 to $3,000

Repayment period:

• Minimum 12 months    • Maximum 24 months

Based on an unsecured loan of $2,500 over 2 years:

  • Minimum interest rate of 8.99% p.a. (16.78% p.a. comparison rate*). The total repayment is $2,960.07, which includes $2,500 principal, $200 establishment fee and $260.07 interest.

  • Maximum interest rate of 29.99% p.a. (38.50% p.a. comparison rate*). The total repayment is $3,622.82, which includes $2,500 principal, $200 establishment fee and $922.82 interest.

*Warning: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates.

Personal Loan From $3,001 to $50,000

Repayment period:

• Minimum 12 months    • Maximum 60 months

Based on an unsecured loan of $30,000 over 5 years:

  • Minimum interest rate of 8.99% p.a. (10.68% comparison rate*). The total repayment is $38,850.56, which includes $30,000 principal, $1,200 establishment fee and $7,650.56 interest.

  • Maximum interest rate of 19.25% p.a. (21.12% p.a. comparison rate*). The total repayment is $48,818.59, which includes $30,000 principal, $1,200 establishment fee and $17,618.59 interest.

*Warning: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates.

Things you should know

For a line of credit:



Fees and charge

  • Interest rate 16.99%*

  • Credit limit approvals up to $20,000

  • Minimum withdrawal amount is $100

  • Monthly account fee of $5

    Only applies if outstanding balance is over $20

  • Annual fee from $0 to $149

    Based on your credit limit and rating

*This interest rate is based on the Annual Percentage Rate (APR). Our APR is calculated daily by applying the daily APR and charged in arrears on the oustanding balance of your loan to the date your payment is due.

Other fees that may apply

  • Dishonour fee of $15

    This is payable each time a direct debit is dishonoured on your commitment to make a loan repayment is not met.

  • Overdue account fee of $15

    This is payable each time your account is not up to date by the end of the last day of the month.

Example repayments

Based on a revolving line of credit of $20,000 over 3 years

  • Minimum interest rate of 16.99% p.a. (20.44% p.a. comparison rate^) with total cost of $3,460.19

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.

View our products

Up to $20,000

Low rate 16.99% p.a. & $250 back*

  • Up to 55 days interest-free
  • Fast approval in minutes
  • Add to mobile wallet to use instantly
  • Transfer credit to your bank or
    pay anyone

*$250 is credited back to your account when you spend a minimum AUD$1,000 on purchases using your Freestyle Virtual Mastercard®. Eligible for applications made from 01/09/2020 for a limited time only.
View full T&C’s here.

Up to $50,000

  • Money in your bank in as little
    as 60 minutes
  • Online quick application
  • Simple repayments and costs nothing to repay early
  • Low rates tailored to your profile

Up to $20,000

Low rate 16.99% p.a. & $250 back*

  • Up to 55 days interest-free
  • Fast approval in minutes
  • Add to mobile wallet to use instantly
  • Transfer credit to your bank or pay anyone

*$250 is credited back to your account when you spend a minimum AUD$1,000 on purchases using your Freestyle Virtual Mastercard®. Eligible for applications made between 31/07/2020 and 31/08/2020.
View full T&C’s here.

Up to $50,000

  • Money in your bank in as little as 60 minutes
  • Online quick application
  • Simple repayments and costs nothing to repay early
  • Low rates tailored to your profile

How to Get Education Loans

To get an education loan with flexible terms and student rates, you can simply apply online. If you’re using the funds to pay for an approved course or university program, you may be eligible for a tailored education loan package specifically designed for student borrowers. The application process is quick, paperless and completely straightforward.

Everyone should be able to afford a good education

Figuring out how to pay for your education, especially with rising tuition and fees, can be a frustrating penny-crunching exercise. Relying on part-time jobs for income while studying full-time, house sharing with a room-full of flatmates, and buying food in bulk to cut down on costs is no way to begin planning for your future.

Fortunately, an education loan is a necessity you don’t need to skimp on.

An affordable, flexible education loan can mean the difference between getting that university degree, or missing out and forever wondering “what if”. In today’s competitive market, the right degree can open a lot of doors. But more importantly, life is for living – and if you want a certain level of education, there should be a way to achieve this.

Benefits of custom-made education loans

For a long time, students were last in line when it came to qualifying for loans. Lenders typically required full or part-time employment before you even walked in the door. That’s no longer the case. As a student, you now have more financial resources available to you than ever before.

With specially-tailored education loan packages, there are a range of options available with more flexible eligibility criteria, repayment terms and exclusive rates. Here at MoneyMe we even reward you with cheaper loans if you show you can pay your loans back on time – exactly the way it should be!




Apply now

Applying with MoneyMe is fast, simple, secure, and completely transparent. Simply click on the "Apply Now” button, and follow the simple instructions.

The money could be yours within the same day – so you can start your future now.




View our products

Up to $20,000

Low rate 16.99% p.a. & $250 back*

  • Up to 55 days interest-free
  • Fast approval in minutes
  • Add to mobile wallet to use instantly
  • Transfer credit to your bank or
    pay anyone

*$250 is credited back to your account when you spend a minimum AUD$1,000 on purchases using your Freestyle Virtual Mastercard®. Eligible for applications made from 01/09/2020 for a limited time only.
View full T&C’s here.

Up to $50,000

  • Money in your bank in as little
    as 60 minutes
  • Online quick application
  • Simple repayments and costs nothing to repay early
  • Low rates tailored to your profile

Up to $20,000

Low rate 16.99% p.a. & $250 back*

  • Up to 55 days interest-free
  • Fast approval in minutes
  • Add to mobile wallet to use instantly
  • Transfer credit to your bank or pay anyone

*$250 is credited back to your account when you spend a minimum AUD$1,000 on purchases using your Freestyle Virtual Mastercard®. Eligible for applications made between 31/07/2020 and 31/08/2020.
View full T&C’s here.

Up to $50,000

  • Money in your bank in as little as 60 minutes
  • Online quick application
  • Simple repayments and costs nothing to repay early
  • Low rates tailored to your profile

Education Loans up to $50,000 | MoneyMe

Easy cash loans for continuous learning

Use MoneyMe’s education loan to cover your tuition costs upfront without any hassle. When you can afford to pay for your tuition in full amount, you may even qualify for perks like early payment discounts. We offer a range of unsecured personal loans for up to $50,000 that you can use toward tuition fees at your chosen institution like college and other higher education institutions.

Learn more

Easy cash loans for continuous learning

Use MoneyMe’s education loan to cover your tuition costs upfront without any hassle. When you can afford to pay for your tuition in full amount, you may even qualify for perks like early payment discounts. We offer a range of unsecured personal loans for up to $50,000 that you can use toward tuition fees at your chosen institution like college and other higher education institutions.

What is an education loan?

If you’re planning to study at a university, a graduate returning to further study or a completely new student, an unsecured loan from MoneyMe can help you manage your expenses and cover what you need to start studying. Our education loan is a personal loan Australia, which means that you’ll receive the full amount in your bank account once you’re approved. Use this amount to pay for things like fees or study expenses, and then you repay that amount over a fixed period at a fixed interest and monthly repayments. 

How to get an education loan

Before you start applying for loans, you’re going to be asking yourself: how much can I borrow? Sometimes you may not be approved for the total education loan amount that you’re looking for. This could be for a variety of reasons including poor credit history. You may find that slowly building your credit history up with smaller credit products can help you get approved for the loan amount you need faster. Once you have a good credit history, then your personal loan interest rate is likely to be lower. This saves you money on future credit products by first showing your provider that you’re a reliable credit customer.

You can apply for any of our quick loans like our mini loans and small loans online, too. When you have successfully repaid your short term loans for a smaller amount, we may re-evaluate your MoneyMe profile and may be able to give you lower interest and better loan value on your future applications for products like our same day loans

If you’re not sure whether our cash loans or an education loan is for you, then you have some other credit options to choose from. MoneyMe’s Freestyle Virtual Credit Account is like a virtual credit card that is digitally stored inside your phone. Transforming the way a traditional credit card works, Freestyle offers a revolving line of credit which you can use to purchase items or pay bills and then repay and use again. Plus, it lets you transfer money to your account or pay anyone straight away!

Freestyle offers peace of mind knowing that you can fast access between $1,000 and $10,000 wherever you are and at the time you need it. Use it as a cash advance to help you cover big expenses between paydays or use it to score great deals you don’t want to miss out on, like low flight costs and other online sales.

We pride ourselves on being the go-to money lender of Gen Now. Your Freestyle card lives in your smartphone, and you can use it over thousands of retailers to Tap and Pay in-store or shop online. It also comes with up to 55 days interest-free feature on all purchases, giving you some flexibility with repayment schedules and topping your line of credit back up. It’s the smarter alternative to small personal loans that offers you a pre-approved fast cash loan right when you need it, and you can use it to pay for whatever you want, including education costs.

How much education loan can I get?

Using our online tools like a personal loan calculator will help you discover what your likely education loan amount will be. If you’re a full-time student, then using a student loan repayment calculator is a great way of planning what your living expenses will be like and whether you can comfortably afford regular repayments as well. Use a personal loan repayment calculator to work out how much interest will be payable over your loan term and what your total interest payable is to get an idea of the best rates for you. 

Personal loan interest rates can vary depending on the loan amount that you’re looking for and what your loan is going to be used for. Your interest rate will determine the repayments you make and may affect the loan term that you ultimately choose to take. Choosing a longer loan term will help to lower monthly repayment costs and take the strain managing off short term living expenses.

MoneyMe is committed to responsible lending. To be eligible to apply for our loans, you must be at least 18 years old, a permanent resident of Australia and currently employed. Our online application for quick loans is an easy loan application process, taking just a few minutes to fill out. Apply online for an education loan or any other credit product including rent assistance credit options and bond loans for helping to cover the cost of moving and associated expenses. Our cash loans online are available to use as renovation loans for making improvements to the house and for buying larger assets. Apply for our boat loans and unsecured car loans today.

For students on a gap year of fun and adventure, take a look at a travel loan from MoneyMe! A holiday loan will help you to book flights and accommodation ahead of time.

We offer our customer a hassle-free express loans application and approval process for same day cash loans as well as for education loans. Apply online now.