MoneyMe Loan

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.

Min Loan Amount$200
Max. Loan Amount$2,000
Loan Term1 to 2 months
Loan SecurityUnsecured
Arrears Fee$25
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 borrowersNo

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 $200 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
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24 Responses

  1. Default Gravatar
    PaulMarch 21, 2018

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

    • Staff
      JhezelynMarch 22, 2018Staff

      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.


  2. Default Gravatar
    CynthiaFebruary 9, 2018

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

    • Staff
      JhezelynFebruary 16, 2018Staff

      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.


  3. Default Gravatar
    SharynJanuary 29, 2018

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

    • Staff
      JonathanFebruary 21, 2018Staff

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

      1300 66 90 59

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



  4. Default Gravatar
    TauaOctober 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

    • Staff
      ArnoldOctober 30, 2017Staff

      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


  5. Default Gravatar
    wandaFebruary 6, 2017

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

    • Staff
      LouFebruary 6, 2017Staff

      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.


  6. Default Gravatar
    KainDecember 26, 2016

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

    • Staff
      LouDecember 26, 2016Staff

      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.


  7. Default Gravatar
    LindaDecember 12, 2016

    Need emergency loan please

    • Staff
      LouDecember 12, 2016Staff

      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.


  8. Default Gravatar
    noluvuyoAugust 16, 2016

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

    • Staff
      MayAugust 17, 2016Staff

      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.


  9. Default Gravatar
    ValNovember 9, 2015

    Hello, I’m a money me member, I have a pay day loan with money me, but just asking if I can apply for the personal loan please??????

    • Staff
      ElizabethNovember 9, 2015Staff

      Hi Val,

      Unfortunately you aren’t able to apply for another Money Me loan until you’ve repaid your previous loan in full. After this you will be able to apply for another loan straight away.



  10. Default Gravatar
    martyOctober 5, 2015

    Wondering if loan will be processed on a sunday or business hours only?

    • Staff
      ElizabethOctober 6, 2015Staff

      Hi Marty,

      Thanks for your question.

      You can still apply for a loan outside of business hours and you may still be approved, but you will need to wait until the following business day to receive your loan.

      I hope this has helped.



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