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.
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 $395 and $495 as an establishment fee. The interest rates also vary between 6.74% p.a. and 24.49% p.a., and the loan can be repaid over a maximum term of 5 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 6.74% 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 60 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 was the lead editor for Finder. She has over 10 years' experience writing about a range of topics with a focus on personal finance. You’ll find her writing and commentary in a range of publications and media including Seven News, the ABC, MSN, the Irish Times and Singapore Business Review. See full bio
Elizabeth's expertise
Elizabeth has written 228 Finder guides across topics including:
The average Aussie household spends $191 per week on groceries, our data shows – but you could spend much less with these tips and tricks from Finder crew.
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.
Feedback
How likely would you be to recommend Finder to a friend or colleague?
0
1
2
3
4
5
6
7
8
9
10
Very UnlikelyExtremely Likely
Required
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
Important information about this website
finder.com.au is one of Australia's leading comparison websites. We are committed to our readers and stands by our editorial principles
We try to take an open and transparent approach and provide a broad-based comparison service. However, you should be aware that while we are an independently owned service, our comparison service does not include all providers or all products available in the market.
Some product issuers may provide products or offer services through multiple brands, associated companies or different labeling arrangements. This can make it difficult for consumers to compare alternatives or identify the companies behind the products. However, we aim to provide information to enable consumers to understand these issues.
We make money by featuring products on our site. Compensation received from the providers featured on our site can influence which products we write about as well as where and how products appear on our page, but the order or placement of these products does not influence our assessment or opinions of them, nor is it an endorsement or recommendation for them.
Products marked as 'Top Pick', 'Promoted' or 'Advertisement' are prominently displayed either as a result of a commercial advertising arrangement or to highlight a particular product, provider or feature. Finder may receive remuneration from the Provider if you click on the related link, purchase or enquire about the product. Finder's decision to show a 'promoted' product is neither a recommendation that the product is appropriate for you nor an indication that the product is the best in its category. We encourage you to use the tools and information we provide to compare your options.
Where our site links to particular products or displays 'Go to site' buttons, we may receive a commission, referral fee or payment when you click on those buttons or apply for a product. You can learn more about how we make money.
When products are grouped in a table or list, the order in which they are initially sorted may be influenced by a range of factors including price, fees and discounts; commercial partnerships; product features; and brand popularity. We provide tools so you can sort and filter these lists to highlight features that matter to you.
Please read our website terms of use and privacy policy for more information about our services and our approach to privacy.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
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.