Why choose MoneyMe


  • Interest rates start low
  • Fast approval
  • Personalised interest rates


  • Charges an establishment fee
  • Bad credit borrowers may pay higher rates

MoneyMe Personal Loans

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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.