MoneyMe OneDebt Loan

Merge your debts into a single loan, with interest rates tailored to what you can repay. Funds are typically received in just a few hours.

The MoneyMe OneDebt loan is designed to consolidate existing debts into a single, easier-to-manage loan. Applications are assessed quickly and funds typically can be received within a few hours. Interest rates are based on your credit score and history with MoneyMe, and range from a fixed rate of 6.25% p.a. to 19.95% p.a.

From 6.25% (fixed)

Interest Rate (p.a.)


Comparison Rate (p.a.)


Min Loan Amount

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Product NameMoneyMe OneDebt Loan
Interest Rate (p.a.)
From 6.25% (fixed)
Comparison Rate (p.a.)7.64%
Interest Rate TypeFixed
Min Loan Amount$2,100
Max. Loan Amount$50,000
Loan SecurityUnsecured

Things to consider about the MoneyMe OneDebt Loan

This loan aims to merge your existing loans into a singular loan in order to simplify repayments, minimise ongoing fees, and potentially reduce the interest paid. 

You can borrow between $2,100 and $50,000 over a period of 1 year to 5 years, and this borrowing limit will be based on an assessment of your financial situation. The loan amount granted depends on MoneyMe’s evaluation of your financial situation, such as your existing debts.

There is a $10 monthly fee, as well as an establishment fee that ranges from $295 to $495 based on how much is borrowed. The interest rate you’ll be charged will depend on your MoneyMe loan rating – which is based on your credit score, but is affected by your loan and repayment history with MoneyMe. This means if you pay in full and on time, you could receive a lower rate on your next loan with MoneyMe.

Features of the MoneyMe OneDebt Loan

  • Fast turnaround. The application form is online and can be finished in around 5 minutes. You will need to upload a read-only version of your bank statements for the last 90 days as part of this process. This is done through illion Open Data Solutions, a secure third-party technology that ensures your privacy. You’ll find out if you’re approved quickly, and the funds will be in your account within a few hours.
  • Responsible lending. MoneyMe will evaluate your financial situation and base your loan amount and interest rate around that, ensuring it does not lend you more than you can afford to repay.
  • Fee transparency. MoneyMe outlines its fees clearly and you won’t face any surprising extra costs. These fees include an establishment fee, a monthly account fee, as well as late and dishonour fees of $15 each for late or failed payments. You will receive reminders for upcoming payments.
  • Automatic repayments. While you can opt for manual payments, MoneyMe will default to an automated, direct debit payment for your loan and this can be set up around your pay cycle.
  • MoneyMe loan rating. MoneyMe includes your history with the lender as part of its assessment of your loan terms – meaning if you pay on time and in full, you could have lower rates for your next MoneyMe loan.

How you can apply for a personal loan from MoneyMe

If you’ve compared your options and decided that a MoneyMe OneDebt loan suits your needs, click “Go to site” to fill in the online application form. After this, you will have your loan terms and loan amount confirmed. 

The eligibility criteria is as follows:

  • You must have proof of Australian residency.
  • You must be employed.
  • You must be 18+ years old.

The following details will be required in the application process:

  • Bank details so your loan can be deposited
  • Mobile phone number
  • Valid email address

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