MoneyMe Short Term Loans

MoneyMe offers fast and simple finance solutions for people in need of short term credit.

MoneyMe is an Australian-based lending company that specialises in small, short term loans. It has built its business around offering fast, safe and simple credit solutions to Australians, with a focus on minimising paperwork and being able to offer short term fixes to financial shortfalls.

Rates last updated February 26th, 2018
Name Product Max. Loan Amount Term of Loan Turnaround Time Costs Fortnightly Repayment $1,500 Product Description
MoneyMe Small Loans
1 to 2 months
Within the hour - depending on your institution
11-20% of loan amount (establishment fee) + 4% of loan amount each month
Borrow up to $2,000 with a decision on your loan in minutes - no Centrelink borrowers.
MoneyMe Medium Loans
3 months to 2 years
Within the hour - depending on your institution
$400 (application fee) + 8.99-30% p.a. interest
A flexible loan up to $5,000 that’s tailored to your credit profile. Apply in 5 mins.
MoneyMe Personal Loans
Up to 3 years
Within the hour - depending on your institution
Establishment fee - 4 - 8% of the principal borrowed with maximum APR: 36.08%
A flexible personal loan from MoneyMe with access to cash when you need it.

Compare up to 4 providers

How does a loan from MoneyMe work?

MoneyMe offer loans of between $200 and $15,000. Loan terms range between 1 to 2 months to up to 3 year(s) for loans up to $15,000. It obtains your banking history from the banks using secure Bank Vision technology, meaning you don’t have to supply the statements yourself. The application process is usually quite quick and repayments are structured around when you get paid to make it more manageable.

Features and benefits

  • Simple application. MoneyMe uses Bank Vision technology that securely obtains 90 days worth of your bank statements so you don’t have to supply them. Your application should only take around five minutes, and once approved the money could be in your account in as little as 60 minutes (depending on who you bank with).
  • Direct debit. MoneyMe will direct debit your repayments from your account on the agreed upon days, which usually coincide with your salary. It will send you a reminder when your repayments are due and will not charge you direct debit fees.
  • Member area. If you choose to apply with MoneyMe again, and you made all your repayments on time for your first loan, it will be quicker and easier to apply and you may be approved for a higher loan amount. You will also be rewarded if you recommend MoneyMe to your friends.
  • Visa card. Repeat borrowers are offered a MoneyMe Visa card through which they can receive instant loans.
  • Early repayments. MoneyMe will not charge you or penalise you for making early repayments.

Fees and charges

  • You will be charged 11-20% of loan amount (establishment fee) + 4% of loan amount each month for loans up to $2,000.
  • For loans up to $15,000 rates may include but not limited to 11.69% p.a.
  • You will not have to pay transaction fees.
  • Avoid any change of payment fees by letting MoneyMe know 24 hours before a payment is scheduled if you need to reschedule it.
  • If your direct debit is dishonoured you will be charged a fee of $25, and your bank may also charge you a separate fee.
  • If you go over the agreed upon loan term you may be charged $5 per day, but if you talk to MoneyMe they may be able to provide assistance and reduce this fee.

Things to consider

Before you apply for any loan you should consider your own financial needs and situation and whether you will be able to repay the loan. This is especially true with a short term loan as the interest rate tends to be higher than with other personal loans. These type of loans should not be considered as solutions to longer term financial problems, but rather as a short term cover until you next get paid. Depending on the intended purpose of the loan and your financial situation, you might also want to consider your other loan options before applying.


MoneyMe is a short term money lender, and as such, it has more flexible lending criteria than with other larger personal lenders. However, it’s important to keep in mind that as a responsible lender, MoneyMe will only approve loans to people who are in a position to be able to pay it back.

To be eligible for a loan you will need to be over 18, an Australian resident, employed and have a "decent" credit history. While their loan amounts range from $200 and $15,000, it will only approve a loan amount you can repay. To determine this your income will be taken into account, along with your expected living costs and, for returning borrowers, your MoneyMe trust rating.

How to apply

If you’d like to apply for a loan with MoneyMe you can click "Go to Site". From there you will need to fill out an online application form, which should take less than five minutes. You will need to provide the following:

  • Bank details to deposit your loan
  • Drivers licence or Medicare number to confirm your identity
  • Your mobile phone number for SMS security verification.
Was this content helpful to you? No  Yes

Related Posts

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • 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, read the PDS or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms and Conditions and Privacy Policy.

6 Responses

  1. Default Gravatar
    WalterFebruary 7, 2018

    are you able to apply for a loan while bankrupt?

    • Staff
      JoelFebruary 17, 2018Staff

      Hi Walter,

      Thanks for leaving a question on finder.

      Yes, you are able to get a loan if you are a discharged bankrupt or even if you are bankrupt at the moment. You will be more limited in terms of the lenders you have to choose from, and the fees and rates will also be higher on bankrupt loans. You may also be required to attach an asset as security or apply with a guarantor. You can find out about your loan options HERE and see what you might be eligible for. If you need anything else, please send us a message.


  2. Default Gravatar
    NTHABELENGNovember 21, 2016


    • Default Gravatar
      nancymuletaDecember 11, 2017

      How do I reapply for a money me loan for 10,000

    • Staff
      MayDecember 12, 2017Staff

      Hi Nancy,

      Thank you for your inquiry.

      If you wish to reapply for a loan with MoneyMe, please visit their official website and submit your application from there. Meantime, in case you’d like to check with other lenders, you may visit this page to get more information about getting $10,000 loan and compare your options. Best to review the eligibility requirements first before you apply.

      Hope this helps.


    • Staff
      LouNovember 21, 2016Staff


      Thanks for reaching out.

      If you are interested to apply for MoneyMe Short Term Loan, you can submit your application online at the Money Me web site. Please be sure to read the eligibility criteria first as listed above before doing so.


Ask a question
Go to site