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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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 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.
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.
Before you apply, make sure you have the following ready:
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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