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MoneyMe personal loans
MoneyMe is an Australian personal loan lender that operates entirely online. While MoneyMe does not have any physical branches, it operates out of a head office in Sydney.
As an online-only lender, MoneyMe uses technology to streamline the personal loan application and approval process. MoneyMe provides a quick paperless application process and fast approval to help customers receive their money sooner.
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Why choose MoneyMe
MoneyMe Personal Loans
Personal Loans calculator
Use our personal loan calculator to see how much you’d have to repay under different borrowing scenarios.
Your estimated repayments
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- This is an estimate of how much you would pay (weekly/fortnightly/monthly) based on your borrowing amount, interest rate and loan term.
- Calculations assume that details entered into calculator, including interest rates, do not change for the lifetime of the loan.
- Interest is calculated by compounding on the same frequency as the repayment selected, i.e. weekly, fortnightly or monthly.
- Months are assumed to be of equal length. However, given that some months are longer than others, interest charged by vary depending upon the month.
- The calculation rounds of the personal loan repayment to the closest dollar value without decimals.
- All calculations are estimates only; there are no guarantees, pre-qualifications or pre-approvals for borrowing. All results are based solely upon the data entered into the calculator.
- Your final mortgage repayments or borrowing amount will depend on your lender’s eligibility criteria among other factors.
- Calculator does not include the cost of fees or other extra charges.
- Calculator does not account for changes to interest rates over time.
- This calculator is for information purposes only. Any advice is general and has not taken into account your personal circumstances. Read our full disclaimer.
Features of a MoneyMe personal loan
MoneyMe provides tailored personal loans suitable for everyday borrowers, particularly suitable for those who prefer to manage their loans online.
You can borrow a maximum of $35,000 and pay it off over a maximum loan term of five years.
MoneyMe charges a one-off establishment fee on its personal loans, as well as late fees and direct debit dishonour fees.
MoneyMe’s personal loan rates vary depending on your credit history, but start very low for those who have a spotless credit record.
MoneyMe personal loans – customer service
MoneyMe operates entirely online, which means that customers cannot visit a branch for face-to-face customer service.
Customers can contact MoneyMe by phone, email, online enquiry and live online chat. MoneyMe phone lines and live chat are in operation from 8am to midnight on weekdays and from 9am to 9pm on weekends.
Who is eligible for a MoneyMe personal loan?
- Must be over the age of 18
- Must be an Australian resident
- Must be currently employed in Australia
How to apply for a MoneyMe personal loan?
Because MoneyMe is a digital lender, you can only apply for their personal loans online. But the application process only takes three to five minutes and can be done through their website.
- Click ‘Apply Now’
- Click ‘Start your application’ and complete the form
- Submit the online application
- If your application is approved, you may receive the loan funds in your bank account within the hour, though this may sometimes take longer if MoneyMe needs to run further checks
Before you apply, make sure you have the following ready:
- Your nominated bank account details
- A mobile phone number and valid email address
MoneyMe personal loans review
As an online lender, MoneyMe provides tech-savvy borrowers a range of tailored personal loans. Customers can borrow up to $35,000, with a maximum term of five years.
MoneyMe charges several fees, including an establishment fee and late fees. However, MoneyMe does offer flexible repayments, and customers can pay their loan early without penalty.
Borrowers may not find MoneyMe suitable if they don’t prefer online services or require face-to-face customer service. MoneyMe operates entirely online, which means customers manage their loan online as well.
When it comes to interest rates, MoneyMe varies greatly. MoneyMe offers personalised rates, which means those with better credit histories may be eligible for a better interest rate, while borrowers with poorer credit histories may face a higher interest rate.
As such, MoneyMe’s personal loan interest rates vary from very low to high. If you’re looking for the best personal loan rates for you, it’s worthwhile to compare personal loan rates from several different lenders.
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^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, target market determination fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.
