MoneyMe Loans

MoneyMe offer a range of personal finance solutions and quick funding.

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MoneyMe is an Australian-based lending company that specialises various personal loans. It has built its business around offering fast, safe and simple credit solutions to Australians, with a focus on minimising paperwork and being able to offer short term fixes to financial shortfalls, up to larger amounts of credit.

Are you struggling financially?

If you're struggling financially and would like to speak to someone for free financial advice, information and assistance you can call the Financial Counsellors hotline on 1800 007 007 (open from 9:30am to 4pm, Monday to Friday). If you are suffering financial problems related to the coronavirus pandemic you may be eligible for additional support. Find out more here:

⚠️ Warning about Borrowing

payday-warningDo you really need a loan today?*

It can be expensive to borrow small amounts of money and borrowing may not solve your money problems.

Check your options before you borrow:

  • For information about other options for managing bills and debts, ring 1800 007 007 from anywhere in Australia to talk to a free and independent financial counsellor
  • Talk to your electricity, gas, phone or water provider to see if you can work out a payment plan
  • If you are on government benefits, ask if you can receive an advance from Centrelink: Phone: 13 17 94

The Government's MoneySmart website shows you how small amount loans work and suggests other options that may help you.

* This statement is an Australian Government requirement under the National Consumer Credit Protection Act 2009.

Comparison of Similar personal loans

NameMaximum Loan AmountTerm of LoanTurnaround TimeCosts
MoneyMe Freestyle Virtual Credit Account$10,000Revolving line of creditMinutes

Interest rate from 16.99% to 25.99%

Annual fee from $100 to $250

MoneyMe Medium Loans$5,0003 months to 2 yearsWithin the hour - depending on your institution$495 (establishment fee) + 6.25-19.95% p.a. interestMore
MoneyMe Personal Loans$50,0002 to 5 yearsWithin the hour - depending on your institutionfrom $295 to $495More

How does a loan from MoneyMe work?

MoneyMe offer loans of between $500 and $50,000. Loan terms range between 1 to 2 months to up to 5 years for loans up to $50,000. It obtains an applicant's banking history from the banks using secure Bank Vision technology, meaning that they don’t have to supply the statements themselves. The application process is usually straightforward and repayments are structured around when a customer gets paid.

Features and benefits

  • Simple application. MoneyMe uses Bank Vision technology that securely obtains 90 days worth of their applicant's bank statements so they don’t have to supply them. Applications should only take around five minutes to complete.
  • Quick funding. Once approved for a loan, borrowers have instant access to funds.
  • Virtual card. Borrowers for MoneyMe lines of credit up to $10,000 are offered a MoneyMe Freestyle Virtual Credit Account through which they can receive instant loans. Card holders can shop online via Apple Pay and Google Pay, or in-store via Tap n Pay on their phone. If borrowers would prefer cash in their personal bank account, they can transfer funds from the card to their account. Transferring funds takes one-four hours to major banks, and up to one business day to smaller banks.
  • Direct debit. MoneyMe will direct debit repayments from the customer's nominated bank account on the agreed upon days, which usually coincide with the applicant's salary. It will send customers a reminder of when their repayments are due and will not charge direct debit fees.
  • Member area. If an existing customer chooses to apply with MoneyMe again, and they made all their repayments on time with their first loan, it will be easier to apply a second time around, and they may be approved for a higher loan amount. Customers will also be rewarded if they recommend MoneyMe to their friends.
  • Early repayments. MoneyMe will not charge customers or penalise them for making early repayments.

Fees and charges

  • An establishment fee of $400 applies.
  • For loans up to $50,000 rates may include but not limited to 7.64% p.a.
  • Loan customers will not have to pay transaction fees.
  • Customers can avoid any change of payment fees by letting MoneyMe know 24 hours before a payment is scheduled if they need to reschedule it.
  • If someone's direct debit is dishonoured they will be charged a fee of $25, and their bank may also charge them a separate fee.
  • If someone goes over the agreed upon loan term, they may be charged $5 per day, but if they talk to MoneyMe, they may be able to provide assistance and reduce this fee.

Things to consider

Before applying for any loan prospective applicants should consider their own financial needs and situation and whether they will be able to repay the loan. This is especially true with a short term loan as the interest rate tends to be higher than with other personal loans. These type of loans should not be considered as solutions to longer term financial problems, but rather as a short term cover until they next get paid. Depending on the intended purpose of the loan and the applicant's financial situation, they might also want to consider other loan options before applying.


MoneyMe is a short term lender, and as such, it has more flexible lending criteria than with other larger personal lenders. However, it’s important to keep in mind that as a responsible lender, MoneyMe will only approve loans to people who are in a position to be able to pay it back.

To be eligible for a loan, applicants will need to be over 18, an Australian resident, employed and have a "decent" credit history. While their loan amounts range from $500 and $50,000, it will only approve a loan amount that the applicant can comfortably repay. To determine this every customer's income will be taken into account, along with their expected living costs and, for returning borrowers, their MoneyMe trust rating.

How to apply

To apply for a loan with MoneyMe, prospective loan applicants can click "Go to site". From there they will need to fill out an online application form, which should take less than five minutes. They will need to provide the following:

  • Bank details to deposit their loan
  • Drivers licence or Medicare number to confirm their identity
  • Their mobile phone number for SMS security verification.

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12 Responses

    Default Gravatar
    DamasceneOctober 31, 2019

    I would like to get a loan to do good shopping and for real and for me and my family. We are going back home today.

      Default Gravatar
      NikkiOctober 31, 2019

      Hi Damascene,

      Thanks for your comment and I hope you are doing well.

      To apply for a loan with MoneyMe, simply head to their official website. From there they will need to fill out an online application form, which should take less than five minutes. Before you proceed, please ensure you meet the eligibility criteria above and can provide the needed information below:

      • Bank details to deposit their loan
      • Drivers licence or Medicare number to confirm their identity
      • Their mobile phone number for SMS security verification.

      Hope this helps and happy shopping!


    Default Gravatar
    MuhammadApril 26, 2019

    how do i get loan

      Avatarfinder Customer Care
      JohnApril 26, 2019Staff

      Hi Muhammad,

      Thank you for reaching out to Finder.

      If you’d like to apply for a loan with MoneyMe you can go to the MoneyMe website. From there you will need to fill out an online application form, which should take less than five minutes. You will need to provide the following:

      Bank details to deposit your loan
      Drivers licence or Medicare number to confirm your identity
      Your mobile phone number for SMS security verification.

      Hope this helps!


    Default Gravatar
    JamesOctober 30, 2018

    Hi, I would like to know if I could get a personal loan. I have a default of $7688 on my credit file that I wish to pay off along with some other small bills. Im employed ( over 16 months ) and earn $80000 pa. I was looking for a loan of $15000. Is this possible with a default?

      Avatarfinder Customer Care
      JohnOctober 30, 2018Staff

      Hi James,

      Thank you for your question.

      Generally, it may be difficult to get approved for a personal loan if you have a poor credit score. In most cases, lenders require good to excellent credit but do not lose hope. There are quite a few that will accept applications from people with bad credit, however, this can cost higher interest rates and poorer terms. You may refer to our list of personal loans for bad credit. You may need to prove your capability in paying back the loan since you have a default record. Hope this helps!


    Default Gravatar
    WalterFebruary 7, 2018

    are you able to apply for a loan while bankrupt?

      Default Gravatar
      JoelFebruary 17, 2018

      Hi Walter,

      Thanks for leaving a question on Finder.

      Yes, you are able to get a loan if you are a discharged bankrupt or even if you are bankrupt at the moment. You will be more limited in terms of the lenders you have to choose from, and the fees and rates will also be higher on bankrupt loans. You may also be required to attach an asset as security or apply with a guarantor. You may press the link above to compare your option. On the page, you will see a table with a list of lenders who consider bankrupt or discharged bankrupt applicants. You may click the name of those with checkmarks to read further details such as minimum and maximum loan amount, fees, loan term, turnaround time as well as their pros and cons.

      As a friendly reminder, please ensure that you read the Product Disclosure Statement or Terms & Conditions before making a decision and consider whether it is right for you.


    Default Gravatar
    NTHABELENGNovember 21, 2016


      Default Gravatar
      NunziatinaDecember 11, 2017

      How do I reapply for a money me loan for 10,000

      Avatarfinder Customer Care
      MayDecember 12, 2017Staff

      Hi Nancy,

      Thank you for your inquiry.

      If you wish to reapply for a loan with MoneyMe, please visit their official website and submit your application from there. Meantime, in case you’d like to check with other lenders, you may refer to lenders offering loans up to $10,000. Best to review the eligibility requirements first before you apply. Once you have chosen a particular lender, you may then click on the “Go to site” button and you will be redirected to the lender’s website where you can proceed with your loan application or get in touch with their representatives for further assistance.

      Hope this helps.


      Avatarfinder Customer Care
      DeeNovember 21, 2016Staff


      Thanks for reaching out.

      If you are interested to apply for MoneyMe Short Term Loan, you can submit your application online at the Money Me web site. Please be sure to read the eligibility criteria first as listed above before doing so.


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