ME Personal Loan

A fixed-rate personal loan with no monthly fees from $5,000.

This personal loan from ME is unsecured and you can use it for a range of purposes including debt consolidation or a large purchase. You can apply for up to $50,000.

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10.98% (fixed)

Interest Rate (p.a.)

11.35%

Comparison Rate (p.a.)

$5,000

Min Loan Amount

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Details

Product NameME Personal Loan
Interest Rate (p.a.)10.98% (fixed)
Comparison Rate (p.a.)11.35%
Interest Rate TypeFixed
Min Loan Amount$5,000
Max. Loan Amount$50,000
Loan SecurityUnsecured

Main points to consider about the ME Personal Loan

The ME Personal Loan comes with a fixed interest rate of 10.98% p.a. You can apply for between $5,000 and $50,000 and you'll have up to 7 years to repay what you borrow.

The loan comes with no monthly or early repayment fees, but keep in mind a $250 application fee applies.

Features of the ME Personal Loan

  • Fixed interest rate. This loan comes with a fixed rate, meaning it won't change over the life of your loan. This rate is 10.98% p.a.
  • Use for a range of purposes. You can use the loan for a variety of purposes such as consolidating debt or making a large vehicle. Note you cannot use the loan to pay a tax bill or for business reasons.
  • No annual or monthly account-keeping fees. The loan does not come with any monthly or annual account-keeping fees.
  • Flexible repayments. ME will not penalise you for making extra repayments in addition to your regular repayments, allowing you the flexibility to pay off your loan when you can. There is no fee if you pay out your loan early.
  • Loan terms. You can choose loan terms of between 1 to 7 years.
  • Loan amounts. You can apply for between $5,000 and $50,000, making this loan suitable for a range of purposes and budgets.
  • Establishment fee. There's a one-off establishment fee of $250.

How to apply for ME Personal Loan

You can apply for the ME Personal Loan online. First, check you meet the eligibility requirements:

  • You're 18 years of age or older
  • You're are Australian permanent resident or citizen
  • You have a good credit rating

You can apply for this loan on your own or make a joint application. Keep the following on hand to complete your application:

  • ID documents such as your driver's licence
  • Information about your employment and income
  • Financial details such as your assets, liabilities and expenses

The application will take about ten minutes to complete. If you are approved, the funds will take approximately two business days to be transferred to your account.

Compare other personal loans

$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Service Fee Monthly Repayment
Symple Loans Personal Loan

From 5.75% (variable)
6.47%
$5,000
1 to 7 years
from 0% to 5% of the loan amount
$10
⭐Special Offer: Earn up to 50,000 Qantas Points with a personal loan from Symple.
Borrow up to $50,000 with interest rate from 5.75% p.a. to 25.99% p.a. and earn 1 Qantas Point for every $1 borrowed.
Plenti Personal Loan

From 5.43% (fixed)
5.43%
$2,001
3 to 7 years
$0 to $999
$0
You'll receive a fixed rate between 5.43% p.a. and 17.89% p.a. based on your risk profile
A flexible loan with amounts from $2,001 and terms starting from 3 years. Interest and comparison rates calculated for a loan term of 5 years.

⭐ Finder Exclusive: Eligible applicants with excellent credit will receive rates starting from 5.43% p.a. (comparison rate 5.43% p.a.). Offer ends 30 June 2021. T&Cs apply.

Citi Personal Loan Plus
8.90% (variable)
9.18%
$5,000
3 to 5 years
$199
$0
You'll receive a guaranteed rate of 8.90% p.a. with a comparison rate of 9.18% p.a. if you're approved. Note: This rate may vary during the loan term.
A credit limit up to $75,000 that you can continue to draw down over terms up to 5 years. Note: Monthly account service fee will be waived for applications submitted before 30 September 2021. The interest rate doesn’t change based on your risk profile, so you know your rate before you apply.
Harmoney Unsecured Personal Loan

From 5.35% (fixed)
6.14%
$2,000
3 to 5 years
$575 ($275 for loans of below $5,000)
$0
You'll receive a fixed rate between 5.35% p.a. and 19.09% p.a. based on your risk profile.
Apply for a loan up to $50,000 and repay your loan over 3 or 5 years terms.
SocietyOne Unsecured Personal Loan

From 5.95% (fixed)
5.95%
$5,000
2 to 5 years
from $0 to $595
$0
You'll receive a fixed rate between 5.95% p.a. and 19.99% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.

⭐ Finder Exclusive: Get a $200 cashback if your loan is approved by June 30 2021. T&Cs apply.
Alex Personal Loan

From 5.45% (fixed)
5.45%
$2,100
6 months to 5 years
$0 (Waived $295 establishment fee)
$0
You'll receive a fixed interest rate from 5.45% p.a. to 19.99% p.a. based on your risk profile
Borrow between $2,100 and $30,000 from 6 months to 5 years. Note: The $295 establishment fee will be waived for loan applications submitted by 30 June 2021.
NAB Personal Loan Unsecured Fixed

From 6.99% (fixed)
7.91%
$5,000
1 to 7 years
$150
$10
You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. ( 7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
Borrow from $5,000 to $55,000, with 1 to 7 year loan terms available. This loan comes with no fees for extra repayments and no early exit fees.
NOW Finance No Fee Unsecured Personal Loan

From 5.95% (fixed)
5.95%
$5,000
18 months to 7 years
No Establishment Fee
$0
You'll receive a fixed rate between 5.95% p.a. and 17.95% p.a. based on your risk profile
Borrow from $5,000 to $7,999 with loan terms between 18 months and 3 years or borrow $8,000 to $50,000 with loan terms between 18 months and 7 years.
OurMoneyMarket Personal Loan

From 6.29% (fixed)
6.54%
$2,001
1 to 7 years
1.5–6% of your total loan amount
$0
You'll receive a fixed rate from 6.29% p.a. to 20.99% p.a. based on your risk profile
A personalised loan from $2,001 to $75,000 that varies based on your credit history and financial situation.

⭐Special Offer: If your loan is approved before June 30th, you will get a discounted rate of 5.35% p.a. (comparison rate: 6.31% p.a.) for the first 12 months regardless of your credit score.
ANZ Fixed Rate Personal Loan
8.99% (fixed)
9.88%
$5,000
1 to 7 years
$150
$10
You'll receive a guaranteed rate of 8.99% p.a. with a comparison rate of 9.88% p.a. if you're approved.
Apply for up to $50,000 to use for a variety of purposes without needing to add security. Available to self-employed applicants.
Wisr Personal Loan

From 6.49% (fixed)
6.76%
$5,000
3 to 7 years
$195
$0
You'll receive a fixed rate between 6.49% p.a. and 20.95% p.a. based on your risk profile
A loan from $5,000 that charges no fees for extra or early repayments. Keep in mind security is required in some cases.

⭐Special Offer: Wisr's standard establishment fee $595 will be reduced to $195 for applications submitted through Finder. T&Cs apply.
ANZ Variable Rate Personal Loan
10.50% (variable)
11.38%
$5,000
1 to 7 years
$150
$10
You'll receive a guaranteed rate of 10.50% p.a. with a comparison rate of 11.38% p.a. if you're approved. Note: This rate may vary during the loan term.
A flexible loan with amounts starting $5,000 that offers flexible repayments and a redraw facility.
Heritage Bank Fixed Personal Loan
7.99% (fixed)
8.62%
$5,000
1 to 7 years
$200
$5
Choose a fixed rate loan and receive a comparison rate of 8.62% p.a.
Fixed rate loans are available up to $100,000 on terms from 1 to 7 years.
MoneyMe Personal Loans

From 6.25% (fixed)
7.64%
$2,100
1 to 5 years
from $295 to $495
$10
You'll receive an interest rate between 6.25% p.a. and 19.95% p.a. based on your risk profile
Borrow up to $50,000 with no hidden fees or costs. Application process usually takes 5 minutes to complete and is done fully online.
Plenti Variable Rate Personal Loan

From 5.43% (variable)
5.43%
$2,001
1 to 3 years
$0 to $999
$0
You'll receive a variable rate from 5.43% p.a and 17.89% p.a. based on your risk profile
A flexible loan with amounts from $2,001 and terms starting from 12 months. Benefit from transparent costs and a rate estimate before you apply.

⭐ Finder Exclusive: Eligible applicants with excellent credit will receive rates starting from 5.43% p.a. (comparison rate 5.43% p.a.). Offer ends 30 June 2021. T&Cs apply.
Pepper Money No Fee Personal Loan

From 5.95% (fixed)
5.95%
$5,000
18 months to 7 years
$0
$0
You'll receive a fixed rate between 5.95% p.a. and 17.95% p.a. based on your risk profile
Borrow from $5,000 to $50,000 and use for a range of purposes. Pay no upfront, early repayment or ongoing fees.
NAB Personal Loan Unsecured Variable Rate

From 6.99% (variable)
7.91%
$5,000
1 to 7 years
$150
$10
You'll receive a variable rate between 6.99% p.a. and 18.99% p.a. ( 7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
Borrow from $5,000 to $55,000, with 1 to 7 year loan terms available. This loan comes with no fees for extra repayments and no early exit fees.
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Personal Loan Offers

Important Information*
Logo for Harmoney Unsecured Personal Loan
Harmoney Unsecured Personal Loan

You'll receive a fixed rate between 5.35% p.a. and based on your risk profile.
Apply for a loan up to $50,000 and repay your loan over 3 or 5 years terms.

Logo for ANZ Fixed Rate Personal Loan
ANZ Fixed Rate Personal Loan

You'll receive a fixed rate of 8.99% p.a.
Apply for up to $50,000 to use for a variety of purposes without needing to add security. Available to self-employed applicants.

Logo for NAB Personal Loan Unsecured Fixed
NAB Personal Loan Unsecured Fixed

You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. ( 7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
An unsecured loan up to $55,000 you can use for a range of purposes and pay off over up to 7 years. Note: Majority of customers will get the headline rate of 12.69% p.a. (13.56% p.a. comparison rate) or less. See Comparison rate warning in (i) above.

Logo for SocietyOne Unsecured Personal Loan
SocietyOne Unsecured Personal Loan

You'll receive a fixed rate between 6.99% p.a. and 20.49% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.

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20 Comments

    Default Gravatar
    stewart
    November 18, 2018

    I am on the aged pension work 5 hors a fortnight declared with centrelink my partner is on new start and works part time declared with centrelink wish to apply for a $5000 loan to purchase a car mine the motor is seized or the money could be used to repair motor which I would prefer if can be fixed with in the $5000 dollars I feel it could please email all details
    regards Stewart

      Default Gravatar
      Nikki
      November 19, 2018

      Hi Stewart,

      Thanks for getting in touch! We recommend to go directly to the ME website and view their contact page to get started with the application.
      Hope this clarifies!

      Best,
      Nikki

    Default Gravatar
    John
    September 12, 2018

    What is the best way to obtain car finance for pensioners.Good credit rating ,no debts,own furniture and have been in premises for 7 years.Have some money in account but need to access app.$5000 to purchase a better class of vehicle.

      Default Gravatar
      Joel
      September 12, 2018

      Hi John,

      Thanks for leaving a question on Finder.

      Since you mentioned you are a pensioner, you can get a pensioner car loan. You don’t have to be working to get a car loan, as long as you still have some kind of income, such as Centrelink payments, a disability pension, age pension, or another kind of pension.

      However, your range of options will still be more limited than someone who is still in full-time employment. To save time and avoid application fees, you’ll want to make each inquiry count.
      There are two possible ways to start:

      1. Find out how much you can borrow, and then find a car to match. If you want to know how much you can borrow and then pick out a car based on that amount, you can get pre-approved for a car loan. If this sounds like your style, find out how to get pre-approved car loans here.

      2. Decide what kind of car you want, then find a loan to match. This will often help you save money overall, because you might end up borrowing less, having lower repayments, and finding a more competitive offer. Read on if you’re interested in doing it this way.

      To compare lenders who can help you, please refer to our list of pensioner car loans.

      Cheers,
      Joel

    Default Gravatar
    Maria
    August 22, 2016

    Hi I just need to ask a question I hv a loan from u guys but it nearly finished n I need to paid the of my loan left did I allowed to reduced my loan up thanks

      Avatarfinder Customer Care
      Elizabeth
      August 22, 2016

      Hi Maria,

      Just to clarify, you’ve come through to finder.com.au, not ME Bank. However, you are able to repay your personal loan to save on interest and you won’t be penalised. You can contact ME Bank directly to organise your early repayment.

      Hope this helps,

      Elizabeth

    Default Gravatar
    John
    March 5, 2016

    I have 1 default from 5 yrs ago it won’t go away in my credit record.
    It was pay long time ago.
    Will this effect my application?

      Avatarfinder Customer Care
      Elizabeth
      March 7, 2016

      Hi John,

      Thanks for your question.

      Credit defaults are listed on your file for a five-year period and then they are removed from the credit reporting agency, so you can expect it to be removed soon. Your credit file will be checked as part of the application and you need good credit in order to be approved. It would be best to confirm your eligibility with ME Bank before you apply.

      Thanks,

      Elizabeth

    Default Gravatar
    john
    November 4, 2015

    i own my home worth 700.000 i have 1 credit card i owe 8000 i need a loan that’s all i owe pls i owe 400 dolls on a another credit card but will pay that up me self with in 4 weeks
    i earn 1000 dollars a week i work 5 days thank you. John

      Avatarfinder Customer Care
      Elizabeth
      November 5, 2015

      Hi John,

      You’ve come through to finder.com.au not ME Bank. If you’re looking to apply for this personal loan you can submit your application on the ME Bank website.

      I hope this has helped.

      Thanks,

      Elizabeth

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