MoneyMe Medium Loans up to $5,000

Apply for a loan up to $5,000 and take advantage of the competitive features from MoneyMe.

MoneyMe is an online loan provider offering quick small and medium loan solutions. Depending on the loan type and your financial situation, you can repay over a period of up to 2 years. The application process is quick and paperless, and if approved, your loan amount can be available within one hour.

MoneyMe prioritises responsible lending and a simple cost structure. If you repay your MoneyMe loan on time and build up your MoneyMe loan rating, you benefit from lower fees and better rates the next time you apply for a loan.

Product NameMoneyMe Medium Loans
Min Loan Amount$2,001
Max. Loan Amount$5,000
Loan Term3 months to 2 years
Turnaround timeWithin the hour - depending on your institution
Costs$400 (application fee) + 8.99-30% p.a. interest
RequirementsYou must be employed, not receiving Centrelink and have 90 days of bank statements
Application Fee$400

How does a MoneyMe loan work?

While MoneyMe loan applications are quick and easy, you'll only be approved for an amount and terms you can afford. Medium loan amounts are between $2,001 and $5,000.

Once your application is submitted, MoneyMe verifies your bank statements through its partner, Money Buddy. You'll then be given a MoneyMe loan rating of between A1 and A5 as well as a tailored repayment plan. Depending on the loan amount you're offered, you can repay over a period of up to 2 years.

Costs vary according to your borrower profile and the loan amount. Direct debits can be linked to your pay cycle to facilitate repayment. You will be charged for late payments, failed direct debits and extending your loan term.

What features come with a MoneyMe loan?

If you apply for a loan from MoneyMe you'll have access to the following features and benefits:

  • Affordable repayments. MoneyMe will only approve a loan that you can afford. Terms are calculated based on your financial situation and repayments are structured around your pay cycle.
  • Quick application and approval. The application process is simple and fully online. Your bank statements are verified electronically and if approved, your loan amount is deposited within one hour. There are no hidden fees, long waiting periods or paperwork.
  • Flexible loan amounts. Medium loan amounts vary between $2,001 and $5,000. Repayment terms, fees and interest rates are calculated according to how much you borrow and your personal financial situation. You also have the option to apply for smaller loans and personal loans of up to $25,000.
  • Rewards for good behaviour. The better your MoneyMe loan rating, the better the advantages the next time you apply for a MoneyMe loan. A good MoneyMe credit profile means you can apply for larger loan amounts and benefit from lower rates and fees.
  • MoneyMe Express Visa Card. MoneyMe customers are also eligible for a reloadable prepaid Visa card. The card has to be activated in the online MoneyMe Member area, after which you can top up funds through your Internet banking account.

How much will the loan cost?

MoneyMe loans come with the following costs:

  • Establishment fee. A fee of $400 applies for setting up the loan.
  • Dishonour fee. If a direct debit is rejected, you will be fined $15. Your bank may also charge a fee if a direct debit is dishonoured.
  • Changing a payment. You will be charged a fee for making changes to your payment date or amount.
  • Late fee. A late payment fee is charged every time you make a payment more than five days after the original pay date.

Are you eligible for a MoneyMe loan?

Eligible borrowers must meet the following criteria:

  • Age. You must be 18 years or older.
  • Employed. You must be employed. MoneyMe might contact your employer as part of the verification process.
  • Residence. You must be able to prove that you’re an Australian resident.
  • Credit history. A positive credit history will help your application.

How you can apply for the MoneyMe loan

If you're ready to apply for the MoneyMe loan you can click "Go to Site" to get your application started. You'll need the following information on hand:

  • Your bank details
  • Your email address and mobile phone number
MoneyMe only accepts online applications. The more complete and accurate your application, the better your chances of being approved for the loan. MoneyMe will verify your information and offer loan terms based on their findings and the information you provide.

The application process takes about five minutes and, depending on your bank, money is available in your account within a one hour of applying.

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14 Responses

  1. Default Gravatar
    AndreaDecember 3, 2018

    Why was my loan rejected?

    • Avatarfinder Customer Care
      JhezDecember 4, 2018Staff

      Hello Andrea,

      Thank you for your comment.

      There are various reasons why your loan application is rejected. You may refer to the list of the reasons why lenders reject your loan application. We have also ensured that you can get tips on how to avoid your loan application being rejected here.

      For you to specifically know why your loan was rejected by MoneyMe Medium, please contact their support so they can check your loan status.

      Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.


  2. Default Gravatar
    Bratt_186June 17, 2018

    I have a loan with MoneyMe already, if I pay it off faster, will I get approved if I apply again for a slightly bigger loan?

    • Avatarfinder Customer Care
      JeniJune 17, 2018Staff

      Hi Bratt,

      Thank you for getting in touch with finder.

      As a friendly reminder, while we do not represent any company we feature on our pages, we can offer you general advice.

      I suggest that you verify it with MoneyMe since they will assess your re-loan application. In addition, double check if you have maintained a good payment history with them to be more confident in sending your loan application.

      I hope this helps. Please feel free to reach out to us if you have any other enquiries.

      Thank you and have a wonderful day!


  3. Default Gravatar
    TreniceMarch 1, 2018

    How soon can I get my money?

    • Avatarfinder Customer Care
      JhezMarch 3, 2018Staff

      Hi Trenice,

      Thank you for your comment.

      For MoneyMe Medium loan, the application process takes about five minutes. When you’re approved, the money will be available in your account within an hour of application, depending on your bank.


  4. Default Gravatar
    ReginaldNovember 20, 2017

    I really need loan to pay for my loan term

    • Avatarfinder Customer Care
      HaroldNovember 20, 2017Staff

      Hi Reginald,

      Thank you for your inquiry.

      If you’re ready to apply for the MoneyMe loan you can click “Go to Site” to get your application started. You check further details we have provided above for your guidance. Should you have further questions please let us know.

      I hope this information has helped.


  5. Default Gravatar
    WilfredoJanuary 11, 2017

    I have a personal loan which i wanted to consolidate into one payment. I just wander if i will get approved i tried many lenders so far and got knocked off. I have a full time job,been working for them for 15 yrs now.

    • Avatarfinder Customer Care
      DeeJanuary 11, 2017Staff

      Hi Wilfredo,

      Thanks for your question.

      If you are looking to consolidate your personal loan, you can compare Personal Loans for Debt Consolidation on this page.

      Please note that multiple loan applications in a short period of time can negatively affect your credit score and in turn, you chance of future credit approval. So if you have already applied multiple times, please give it several weeks before submitting an application again.


  6. Default Gravatar
    BrendaOctober 11, 2016

    Morning in to a house me n my baby n my sun

    • Avatarfinder Customer Care
      ElizabethOctober 11, 2016Staff

      Hi Brenda,

      If you’d like to apply for a loan you can submit your application on the MoneyMe website. Make sure you meet the eligibility criteria before you apply.



  7. Default Gravatar
    David galeaJuly 25, 2016

    If I have bad credit and work full time and need a loan for $2000, is it worth apply for?

    • Avatarfinder Customer Care
      MattJuly 25, 2016Staff

      Hi David,

      Thanks for your comment. MoneyMe generally only work with good credit borrowers. If you are employed full time and want to check out a range of loans for borrowers with bad credit, you can compare your options here.


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