MoneyMe Loan

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Get up to $2,000 in your account with a MoneyMe Loan.

If you find yourself in a position where you need a short-term loan, an easy application and quick turnaround time can go a long way to help. MoneyMe offers an online application with their loans that takes about three minutes to complete, and you can expect access to your approved funds within a few hours, or within the hour if you bank with Commonwealth Bank. Find out how much the loan will cost and if you’re eligible below.

How can I get a MoneyMe loan?

To submit an online application you’ll need your personal and banking details. While these details can usually be verified online, MoneyMe occasionally needs to contact you or your payroll to confirm some information.


Maximum loan amount

Within the hour

Turnaround time

depending on your institution

1 to 2 months

Term of loan


Product NameMoneyMe Small Loans
Minimum Loan Amount$500
Maximum Loan Amount$2,000
Arrears Fee$25
Loan Term1 to 2 months
Turnaround timeWithin the hour - depending on your institution
Costs11-20% of loan amount (establishment fee) + 4% of loan amount each month
RequirementsYou must be 18+, an Australian resident and employed with a decent credit history.
Available to Centrelink Borrowers?No

If you apply within business hours and are approved, you can receive your loan amount within the hour if you bank with Commonwealth Bank (CBA). If you don't bank with CBA you will receive your funds in a few hours. If you apply outside business hours and don’t bank with CBA you will receive your loan the next day, if approved. Keep in mind that MoneyMe conducts credit checks and your score will affect your rate.

Features and benefits of a MoneyMe Loan

  • Automatic repayments. You don’t have to remember to make repayments as they are direct debited from your account on the scheduled dates. These repayment terms are set up in line with your pay cycle.
  • MoneyMe loan rating. MoneyMe has a five-tiered scoring system that determines the interest rate you are given for your loan. Customers with an A1 rating have the best credit score and are given a rate of 15%. This ranges up to a rate of 24% for A5 customers.
  • Loan amounts: You can borrow between $500 and $2,000, depending on what you’re able to repay.
  • Loan term. MoneyMe sets up a repayment term based on your pay cycle, but its loan terms range from 1 to 2 months
  • Visa card. If you're a repeat borrower, you'll be offered a MoneyMe Visa card through which you can receive instant loans, even on weekends.

What does it cost to borrow?

What you will pay depends on how much you borrow, how long your repayment term is and also what MoneyMe determines your rating to be.While your rating is largely determined by your credit history, you can improve your rating by repaying your loan on time.

Other costs to be aware of:

  • Default fee: $25 charged each time a direct debit payment is dishonoured
  • Late payment fee: $5 for each day your go over your agreed loan term

You can avoid the above fees by getting in touch with MoneyMe, and you’re also able to reschedule repayments as long as you give 24 hours notice.

How you can apply

Click ‘Go to Site’ if you want to submit your application – it should take less than five minutes to fill out. Just ensure you can say ‘yes’ to the following:

  • You are an Australian resident
  • You are employed
  • You are over the age of 18

To apply, you’ll need a few things on hand:

  • Bank details to verify the last 90 days’ of your banking history and also to deposit your loan
  • A mobile phone number and valid email address
  • Verification of your income

⚠️ 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.

Financial hardship

If you're experiencing financial hardship and would like to speak to someone for free financial counselling, you can call the Financial Counsellors hotline on 1800 007 007. It is open from 9:30am to 4pm, Monday to Friday. When comparing short term loans, ensure you take into consideration any fees, charges and rates you may be charged. It's important to weigh up all your options before applying for any form of credit.

Ask an expert

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  1. Default Gravatar
    June 8, 2018

    I need loan for shopping and clothes

    • Default Gravatar
      June 8, 2018

      Hi Metallica,

      Thanks for leaving a question on finder.

      Simply click HERE if you want to submit your application to MoneyMe – it should take less than five minutes to fill out. Just ensure you can say ‘yes’ to the following:

      – You are an Australian resident
      – You are employed
      – You are over the age of 18

      To apply, you’ll need a few things on hand:

      – Bank details to verify the last 90 days’ of your banking history and also to deposit your loan
      – A mobile phone number and valid email address
      – Verification of your income

      If you would like to compare other payday loans, please click HERE.


  2. Default Gravatar
    May 30, 2018

    I already have a loan with MoneyMe and I would like to extend it by a further $1500.00 if possible please.

    • AvatarStaff
      May 30, 2018

      Hello Sheree,

      Thank you for your comment.

      I understand that you’re wanting to extend your loan with MoneyMe, since we do not represent MoneyMe and other companies we feature on our pages, best to contact them directly so they can give you options.


  3. Default Gravatar
    March 21, 2018

    How can I borrow money when am only on centreline where and how can I get what I need?

    • AvatarStaff
      March 22, 2018

      Hi Paul,

      Thank you for your comment.

      MoneyMe Loan is unfortunately not available to centrelink recipients. However, ther are still some lenders and institutions that consider Centrelink payments as income, so you may be eligible for a loan. It generally depends on how much you earn, what kind of financial situation you’re in and what kind of payments you receive. To find out if you are eligible, read our comprehensive guide to getting a loan on Centrelink payments.

      You can contact the lenders on that page and see your eligibility.


  4. Default Gravatar
    February 9, 2018

    Am I eligible for loan? I Am full time worker only for 8 month and like to apply for 2000

    • AvatarStaff
      February 16, 2018

      Hi Cynthia,

      Thank you for your comment.

      If you meet the minimum requirements mentioned above, you may apply for a loan with MoneyMe on their official website. Your approval will be based on MoneyMe’s assessment of your overall financial situation.

      Meantime, aside from MoneyMe, you can also check and compare other term loan offers up to $2000 here. Please review the eligibility requirements before you apply. You can also click on the ‘Go to site’ button if you wish to visit the lender’s official site.


  5. Default Gravatar
    January 29, 2018

    Can’t access my account due to phone stolen my number different.

    • AvatarStaff
      February 21, 2018

      Hi Sharyn, please contact MoneyMe directly to resolve your application inquiry.

      1300 66 90 59

      8am – 7pm Monday to Friday
      9am – 6pm Weekends



  6. Default Gravatar
    October 30, 2017

    Am i eligible for a loan? Im a casual worker only for 3 months and would like to apply for at least a 5k loan

    • Default Gravatar
      October 30, 2017

      Hi Taua,

      Thanks for your inquiry

      The majority of lenders require you to be in permanent/full-time employment in order to obtain finance. However, some lenders’ minimum criteria just require you to earn a regular income or require that you meet a minimum annual income. Please check this page out for options. Please do not forget to take a look at the Criteria to consider before you apply.

      Hope this information helps


  7. Default Gravatar
    February 6, 2017

    i need to no can i get a installment loan without no bank account and no credit check

    • AvatarStaff
      February 6, 2017

      Hi Wanda,

      Thanks for reaching out.

      MoneyMe Loan is only for Australian residents.

      If you are residing in the US, please check and compare your options here. Please note that certain eligibility criteria apply. Some of the lenders also handle applicants with bad credit on a case-to-case basis.

      We don’t have a comparison page for no-credit check loans in the US but we have a guide on this page to help you understand how a no-credit check loan works.


  8. Default Gravatar
    December 26, 2016

    I need to get a loan as unexpected visitors arrived with out notice and we need. Help please

    • AvatarStaff
      December 26, 2016

      Hi Kain,

      Thanks for your question.

      If you are looking to apply for MoneyMe Loan, you can do so by directly visiting their website. If you apply within business hours and are approved, the funds will be credited to your account within an hour if you bank with Commonwealth Bank (CBA) and several hours if you want the money to be deposited to other banks.

      You may also want to check and compare fast cash loans for your emergency borrowing needs.


  9. Default Gravatar
    December 12, 2016

    Need emergency loan please

    • AvatarStaff
      December 12, 2016

      Hi Linda,

      Thanks for reaching out.

      If you are an Australian resident, employed and are over 18 years old, you are eligible to apply for MoneyMe Loan directly through their website.

      You can also check this page to compare fast cash loans for your emergency borrowing needs.


  10. Default Gravatar
    August 16, 2016

    hallo i want a loan to start a business,may u give me? please this is my need.

    • AvatarStaff
      August 17, 2016

      Hi Noluvuyo,

      Thank you for your comment. Please note that you’ve come through to we are an Australian financial comparison website and general information service, not an actual lender.

      Depending on which type of business loan you wish to get, you may find more information from our guide on this page. Also, there are a few lenders that were featured on the page that you can contact and discuss your options.

      Hope this helps.


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