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MoneyMe Personal Loan up to $50,000

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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.


From 8.99% (fixed)

Interest Rate (p.a.)

10.68%

Comparison Rate (p.a.)

$3,001

Min Loan Amount

Details

Product NameMoneyMe Personal Loans
Interest Rate (p.a.)
From 8.99% (fixed)
Comparison Rate (p.a.)10.68%
Interest Rate TypeFixed
Min Loan Amount$3,001
Max. Loan Amount$50,000
Loan SecurityUnsecured
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Things to consider about MoneyMe's personal loans

You can apply for a loan amount of between $3,001 and $50,000, which is repaid over a period of 2 - 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 5 - 8% of the principal borrowed, capped at $1,200 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 5 - 8% of the principal borrowed, capped at $1,200 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 $3,001 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 6.99% p.a. and 25.69% p.a. 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 NAB Personal Loan Unsecured Fixed
NAB Personal Loan Unsecured Fixed

You'll receive a fixed rate between 9.99% p.a. and 18.99% p.a. ( 10.88% 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.

Logo for Pepper Money Unsecured Fixed Rate Personal Loan
Pepper Money Unsecured Fixed Rate Personal Loan

You'll receive a fixed rate between 6.95% p.a. and 17.95% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Make additional repayments or pay off the loan early, penalty-free.

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4 Comments

  1. 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

  2. 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, we are an Australian financial comparison website and general information service.
      You may want to visit this page , if you’re not employed in the traditional sense and are in need of finance you may want to check that guide and see what lenders may consider as you are receiving your salary in cash. It would also be best that you check on the elilgibility requirements or reach out to the lender and see if you qualify for the loan you will plan to apply for.

      Cheers,
      Joanne

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