ME Personal Loan

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Borrowers can enjoy flexible terms with ME personal loan.

ME personal loan offers highly flexible terms and repayment options, allowing you to borrow to suit your exact needs. With a 11.99% p.a. fixed rate and a 12.36% p.a. comparison rate, you will pay what you see advertised.

  • ME received Money magazine's Best of the Best Award for the Cheapest personal loan in the bank category consecutively from 2009 to 2012.

Things to consider about a personal loan from ME

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


  • $0 account keeping fee
  • No fees for extra repayments
  • No penalty for early repayments


  • Minimum loan amount of $5000

ME personal loan is an unsecured fixed rate loan so you do not need to offer an asset as security against the loan and your monthly repayments will always stay at the same rate you signed up for.

The loan can be used for most non-business purposes such as cars, home renovations, weddings or holidays. Loan terms range from 1 to 7 year(s) to suit your financial needs, while no monthly account-keeping fees, annual fees or ongoing charges apply.

Features of the ME personal loan

  • No security or deposit required. ME has no requirement for a deposit or an asset for security in order to apply and be approved for a personal loan.
  • Fixed rate and comparison rate. ME personal loan is fixed at a rate of 11.99% p.a., which is exactly the same figure as the comparison rate. In other words, the rate you see advertised is the amount you can expect to pay.
  • No annual or monthly account-keeping fees. The loan does not come with any monthly account-keeping fees, any annual fees or ongoing fees of any kind.
  • Fee-free extra 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 applicable fee if you pay out your loan early.
  • Flexible terms. ME offers flexible terms ranging from 1 to 7 year(s) to fit your lifestyle and financial requirements.
  • Loan amounts from $5,000 to $50,000. Depending on your needs and purpose, you are able to borrow between $5,000 and $50,000.
  • Establishment fee. There’s a one-off establishment fee and no account-keeping fees.

How to apply for ME personal loan

In order to apply you need to meet ME eligibility requirements:

  • Credit rating requirements. You must have good rating to be eligible for ME personal loan.
  • Apply in your own name. The person who applies for the loan must be the person receiving the loan.
  • Age requirements.You must be over 18 years of age in order to apply.
  • Residency requirements.You must be an Australian citizen or a permanent resident.

Click ‘Go to Site’ if you would like to begin the application process. You will need to provide some details about your personal and financial situation. As well as proof of your identity, you’ll also need to provide three of your most recent payslips (or notices of tax assessments if self-employed) as proof of income.

For a quick cash injection for non-business purposes there are a range of personal loans available, including the ME personal loan. Shop around to find the best loan to suit your needs.

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16 Responses

  1. Default Gravatar
    MariaAugust 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

    • finder Customer Care
      ElizabethAugust 22, 2016Staff

      Hi Maria,

      Just to clarify, you’ve come through to, 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,


  2. Default Gravatar
    JohnMarch 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?

    • finder Customer Care
      ElizabethMarch 7, 2016Staff

      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.



  3. Default Gravatar
    johnNovember 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

    • finder Customer Care
      ElizabethNovember 5, 2015Staff

      Hi John,

      You’ve come through to 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.



  4. Default Gravatar
    DebJanuary 14, 2015

    I am a single mother receiving the single parent pension as well as child support. I am not employed. Am I able to apply for a loan?

    • finder Customer Care
      ShirleyJanuary 14, 2015Staff

      Hi Deb,

      Thanks for your question.

      Generally your primary source of income needs to come from an employer and your Centrelink benefits are considered as supplementary income. It’s advisable for you to speak to ME Bank directly first to discuss your options and eligibility.

      We also have an article on pensioner loans that may be of interest to you.


  5. Default Gravatar
    alecNovember 24, 2014

    I am on a tpi pension from veterans affairs, I net 1955 p/f+ 89 from centrelink I would like to know if I could get a loan?

    • finder Customer Care
      ShirleyNovember 25, 2014Staff

      Hi Alec,

      Thanks for your question.

      It’s advisable that you get in touch with ME Bank directly regarding this enquiry. Their customer service team will be able to assess your situation closely and advise on your options and eligibility.


  6. Default Gravatar
    michaelOctober 2, 2014

    I am looking to take my wife to the USA as a surprise 50th birthday present, but only work casually. I can provide my last 3 payslips but is there any other requirements, e.g., length of employment that is required (obviously a clear credit history is a must). I naturally need the loan in my name only otherwise the surprise will be ruined. Please let me know about length of employment and me being casual, would that effect anything. I’m looking at approx $10-15k

    • finder Customer Care
      ShirleyOctober 7, 2014Staff

      Hi Michael,

      Thanks for your question.

      To be eligible you’ll need to have been in casual employment for more than 6 months. ME Bank will also look at your previous employment and see whether you were employed in an different industry beforehand.

      Please note that the success of your application can not be guaranteed.

      All the best,

    • Default Gravatar
      October 14, 2014

      Hi Shirley,
      Thank you for your reply. I understand that I have to be in casual employment for 6 months, however my scenario may be slightly different. I have worked FULL time in the hospitality industry for 4 years before going to casual basis at the same hotel for a further 2 years where I still work. At the same time I have just started work (August) at the local hospital therefore have 2 casual positions. Will the fact that I have been employed as a casual for at least 2 years be of benefit to me if the loan application was to be assessed, or would they purely look at my current employment?

    • finder Customer Care
      ShirleyOctober 14, 2014Staff

      Hi Michael,

      Thanks for your question.

      This is a very specific question and so I think it might be best that you get in touch with ME Bank to discuss your eligibility.

      We don’t have access to information regarding their lending criteria, and so they will be able to give you a more informed answer.

      All the best,

  7. Default Gravatar
    JessieJuly 24, 2014

    what would my income need to be for a loan of $5000 over a 3-5year loan term?

    • finder Customer Care
      ShirleyJuly 25, 2014Staff

      Hi Jessie,

      Thanks for your question.

      Unfortunately this is very hard to say because the amount of money you can borrow depends on your income and other financial commitments.

      Please speak to the customer service team at ME Bank, without making any formal applications, for an indication.


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