MONEYME offers personal loans of up to $50,000 with quick online application and fast turnaround times, allowing you access to funds within a few hours.
Pros and cons
Fast turnaround time of 1 to a few hours.
A mobile app that allows you to view and manage your loans.
Better rates for property owners.
Consider additional cost of establishment fee and $10 monthly fee.
You can't get a loan if you're a casual employee.
MONEYME Personal Loans
MONEYME Personal Loans
From
5.99 %p.a.
variable rate
From
6.70 %p.a.
comparison rate
100% online application process
Avail tailored loan terms
No hidden fees
100% confidential application
MONEYME Personal Loans
Apply for a loan between $5,000 and $50,000 and repay over a period of 3 to 7 years.
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How we picked these
What types of personal loans does MONEYME offer?
MONEYME is an online financial provider that promotes responsible lending. This means that you won’t be approved for a loan you can’t afford to repay. You can choose from 3 product types:
Personal loan. This product is for loan amounts of between $5,000 and $50,000. You will be charged between $0 and $495 as an establishment fee. The interest rates also vary between 5.99% p.a. and 24.49% p.a., and the loan can be repaid over a maximum term of 7 years.
Debt Consolidation Loan. If you have existing debts, consider this loan to merge them all into one, easier to manage loan. Borrow from $5,000 up to $50,000 at a fixed rate between 5.99% p.a. and 24.49% p.a. Your rates will be based on your current credit and debt situation.
What features does MONEYME offer with its personal loans?
Repayments align with your pay cycle. Loan repayments are lined up with your pay cycle and are automatically direct debited.
Responsible lending. MONEYME only approves loan amounts that you can afford to repay. Repaying your loan on time helps develop a positive loan rating, which means you benefit from lower rates the next time you borrow from MONEYME.
Quick turnaround. Loan applications are approved quickly and money is available within a few hours, or within the hour if you bank with CommBank. This may vary if you apply on a weekend or outside business hours.
Flexible terms. Repayment terms are customised to borrowers' budgets and pay cycles. Loans of between $5,000 and $15,000 can be repaid over a maximum of 36 months. Loans of at least $15,001 to $50,000 can be repaid over a maximum of 84 months.
No paperwork. This application process is paperless, meaning you sign the loan agreement electronically. As part of the verification process, MONEYME uses illion Open Data Solutions technology for read-only access to your bank statements from the last 90 days.
How you can apply for a personal loan from MONEYME
You can apply for a MONEYME loan conveniently online. Before supplying personal and financial information, you’ll be asked to specify the loan amount, the desired loan period and the loan purpose.
You must meet the following eligibility criteria in order to apply for a loan:
You must be an Australian resident
You must be employed
You must be aged 18 years or older
You’ll need the following documents on hand:
Bank details so your loan can be deposited
Mobile phone number
Valid email address
MONEYME’s personal loan products are designed to reward good customers with lower rates and added benefits. However, it’s best to compare your loan options before you apply.
Once you enter your banking details, MONEYME uses illion Open Data Solutions to safely and securely access read-only versions of your bank statements. It does not have the ability to change any details or access any personal information.
MONEYME will assign you a score based on its own personalised rating system. This is determined by both your current credit history and also through your borrowing history with MONEYME. Paying your dues and fees on time may provide you with lower costs with MONEYME in the future.
Elizabeth Barry is an experienced journalist with over 10 years of expertise in personal finance, contributing to outlets like the ABC, Sydney Morning Herald, and 7News. She holds a Master of Arts in Creative Writing and a Bachelor of Arts in Communication from the University of Technology Sydney, and has earned multiple award nominations, including a Highly Commended recognition at the 2017 Lizzies. Elizabeth began her career at Finder in 2013, progressing through roles to become Lead Editor, where she oversaw a wide range of personal finance coverage until 2024. See full bio
Elizabeth's expertise
Elizabeth has written 210 Finder guides across topics including:
Hi Vicki, you can contact MoneyMe directly. Also if you’d like some help with managing your bills and debts overall, it might be worth contacting the National Debt Helpline: ndh.org.au.
Find out more about Pepper Money's no fee personal loan and benefit from a competitive rate from 6.95% p.a., zero fees and loan terms of up to 7 years.
Finder's experts look into our database of over 170 personal loans each month to bring you our Top Picks across 5 key categories.
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All that I what to borrow is 50 dollars
Hi Vicki, you can contact MoneyMe directly. Also if you’d like some help with managing your bills and debts overall, it might be worth contacting the National Debt Helpline: ndh.org.au.