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$2,000
Maximum loan amount
Within the hour
Turnaround time
depending on your institution
1 to 2 months
Term of loan
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Product Name | MoneyMe Loans |
---|---|
Minimum loan amount | $500 |
Maximum loan amount | $2,000 |
Arrears Fee | $25 |
Loan term | 1 to 2 months |
Turnaround time | Within the hour - depending on your institution |
Costs | 11-20% of loan amount (establishment fee) + 4% of loan amount each month |
Requirements | You must be 18+, an Australian resident and employed with a decent credit history. |
Available to Centrelink Borrowers? | No |
If you're struggling financially and would like to speak to someone for free financial advice, information and assistance you can call the Financial Counsellors hotline on 1800 007 007 (open from 9:30am to 4pm, Monday to Friday). If you are suffering financial problems related to the coronavirus pandemic you may be eligible for additional support. Find out more here: https://www.finder.com.au/coronavirus-financial-help
Do you really need a loan today?*
It can be expensive to borrow small amounts of money and borrowing may not solve your money problems.
Check your options before you borrow:
The Government's MoneySmart website shows you how small amount loans work and suggests other options that may help you.
* This statement is an Australian Government requirement under the National Consumer Credit Protection Act 2009.
The card is a prepaid Visa debit card, letting you load your own funds onto it via direct debit. You can also use the card to receive instant access to loans approved by MoneyMe. The card is issued by Cuscal and lets you access your funds in-store using a PIN and Visa payWave, and also online and overseas.
The card offers various features, including:
There are several fees and charges that you should take into account.
To receive the card and load funds:
To use funds:
To manage your account:
Getting a card is easy. If you have taken out a MoneyMe loan before, you can register for a card in the Member’s Area. If you haven’t previously applied for a loan, you will need to make an application in order to get a card. To be eligible for a MoneyMe payday loan you need to be:
You’ll also need to have the following documents on hand to complete your application:
The MoneyMe Express Card gives you a convenient way to spend your own money and receive MoneyMe loans instantly, so if it sounds right for you, register for one today.