MoneyMe Personal Loan up to $50,000

Looking for a flexible personal loan up to $50,000? Consider what MoneyMe has to offer.

MoneyMe is an online lender providing personal loans to Australians looking for quick cash solutions. The application process is fully online with no fees, paperwork or long waiting periods. Filling in the online form usually takes around five minutes, with an automated outcome in seconds. Once approved, your loan amount can be deposited into your account within a few hours, or within the hour if you bank with Commonwealth Bank.

No reviews yet. Write a review


From 6.25% (fixed)

Interest Rate (p.a.)

7.64%

Comparison Rate (p.a.)

$2,100

Min Loan Amount

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!

Details

Product NameMoneyMe Personal Loans
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
Go to site

Things to consider about MoneyMe's personal loans

You can apply for a loan amount of between $2,100 and $50,000, which is repaid over a period of 1 to 5 years. The loan amount granted depends on MoneyMe’s evaluation of your financial situation.

Repayment terms are calculated according to what you can afford and can be linked to your pay cycle. You’ll be charged an establishment fee equal to from $295 to $495 of your loan amount. The interest rate is based on the Annual Percentage Rate (APR), which will vary according to your loan terms.

Features of the MoneyMe personal loan

If you’re considering applying for a MoneyMe personal loan, here are some of the features you can expect:

  • Tailored terms. Once MoneyMe assesses your financial situation, you will be offered loan terms tailored to what you can afford.
  • Quick application process. The online application form takes about five minutes to complete. As part of the process, you'll need to upload a read-only version of the last 90 days of your bank statements. MoneyMe uses illion Open Data Solutions technology to evaluate your bank statements as part of its review. If you're approved, your loan amount will be available in your account within a few hours, or within the hour if you bank with Commonwealth Bank.
  • No hidden fees. There are no hidden costs associated with MoneyMe's personal loans. You'll be charged an establishment fee that's equal to from $295 to $495 and the interest rate will vary according to your loan terms. There's also a late fee and arrears fee of $15.
  • Loan amount. Apply for personal loans of between $2,100 and $50,000.
  • Automatic repayments. When you are approved, direct debit payments will be set up automatically around your pay cycle. However, you can opt to pay manually.
  • Perks for good credit. If you keep up with repayments, you may benefit from better rates and lower fees the next time you apply for a MoneyMe loan.

How you can apply for a MoneyMe personal loan

If you're ready to apply, click "Go to site" to fill in the online application form. Your loan terms and loan amount will be determined by the information you provide and your MoneyMe loan rating.

You must meet the following criteria:

  • Age. You must be 18 years or older.
  • Residence. You must show proof that you're an Australian resident.
  • Employment. You need to be employed.
  • Credit history. A good credit history will improve your chances of loan approval.

You will be asked to provide the following documentation:

  • Bank information to deposit your loan
  • A mobile phone number and a valid email address.

Keep in mind that MoneyMe approves its personal loans based on your finances and your budget. While this is a viable option to consider, it's important to compare all your financing options before you apply.

Personal Loan Offers

Important Information*
Logo for Harmoney Unsecured Personal Loan
Harmoney Unsecured Personal Loan

You'll receive a fixed rate between 5.35% p.a. and based on your risk profile.
Apply for a loan up to $50,000 and repay your loan over 3 or 5 years terms.

Logo for ANZ Fixed Rate Personal Loan
ANZ Fixed Rate Personal Loan

You'll receive a fixed rate of 8.99% p.a.
Apply for up to $50,000 to use for a variety of purposes without needing to add security. Available to self-employed applicants.

Logo for NAB Personal Loan Unsecured Fixed
NAB Personal Loan Unsecured Fixed

You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. ( 7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
An unsecured loan up to $55,000 you can use for a range of purposes and pay off over up to 7 years. Note: Majority of customers will get the headline rate of 12.69% p.a. (13.56% p.a. comparison rate) or less. See Comparison rate warning in (i) above.

Logo for SocietyOne Unsecured Personal Loan
SocietyOne Unsecured Personal Loan

You'll receive a fixed rate between 6.99% p.a. and 20.49% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.

Ask an expert

To ask a question simply log in via your email or create an account.

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.

4 Comments

    Default Gravatar
    Sueb
    November 9, 2018

    Yes

      Avatarfinder Customer Care
      John
      November 9, 2018

      Hi Sueb

      Thank you for your response to our article.

      If you are meaning yes, you would want to take out a loan. You would need to visit the website of MoneyMe to start the application. Please see the reminders below prior to applying.

      You must meet the following criteria:

      Age. You must be 18 years or older.
      Residence. You must show proof that you’re an Australian resident.
      Employment. You need to be employed.
      Credit history. A good credit will improve your chances of loan approval.

      You will be asked to provide the following documentation:

      Bank information to deposit your loan
      A mobile phone number and a valid email address.

      Hope this helps!

      Cheers,
      Reggie

    Default Gravatar
    Abilio
    January 23, 2018

    Hi,my name is Abilio and I’m looking for a loan of $10.000 .Im divorce and make my credit go down. I’m employee but I recive in cash and that way I have no prove of income. Plese help me find a solution, I really need the loan to pay the child support. I’m from new Jersey
    Thank you

      Avatarfinder Customer Care
      Joanne
      January 23, 2018

      Hi Abilio,

      Thank you for visiting Finder.

      If you can prove your income, you should, in theory, be able to access loan deals that everyone else can. The more evidence you can provide to a lender, the better your chances are at being approved and securing a better deal. You may find it harder to be approved for a loan via the traditional methods, without proof of a regular income but you may consider applying for a low doc personal loans. Kindly refer to the table to know the documents required by each lender.

      You can click the name of the lender to be redirected to our review page and learn more about the lender’s loan offer, rates, and requirements as well as the pros and cons of using their loan service. When you are ready, 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 the application or get in touch with their representatives for further inquiries you may have.

      Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you. You can also contact the provider if you have specific questions.

      Cheers,
      Joanne

Go to site