ME Personal Loans

Rates and fees last updated on
ME logo

Along with its motto "Bank Fairer", ME offers a personal loan with a competitive interest rate and a range of flexible options.

ME is a 100% Australian-owned bank that was established by industry super funds to offer a banking alternative. It offers a wide range of banking products and services to its customers, including savings accounts, home loans and credit cards. ME also offers a personal loan that can help you buy a car, pay for home renovations or even take a holiday. Find out more about its personal finance offerings in the guide below.

ME personal loan comparison

Rates last updated September 22nd, 2017
$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Monthly Service Fee Application Fee Monthly Repayment Product Description
ME Personal Loan
From 12.49% (fixed)
12.86%
$5,000
1 to 7 years
$0
$250
Allow you to buy a motorbike or a holiday, or looking to take control of your debts along with no establishment fee.

Compare up to 4 providers

Rates last updated September 22nd, 2017
$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Monthly Service Fee Application Fee Monthly Repayment Product Description
Citi Personal Loan Plus
From 9.99% (variable)
10.95%
$5,000
3 to 5 years
$10
$199
Borrow up to $75,000 to use for a range of purposes. Competitive rate of 9.99% p.a. available to all approved applicants.
NOW FINANCE Personal Loans
From 8.95% (fixed)
10.42%
$4,000
1.5 to 7 years
$13
$395 (Based on $10,000)
Get rewarded with a low interest rate for your good credit history. Rates from 8.95% p.a. to 16.95% p.a. depending on your credit score.
RateSetter Personal Loan
From 8.66% (fixed)
9.17%
$2,001
0.5 to 5 years
$0
$0 (Upfront fee $250 for loan terms of 2 years and above)
RateSetter offers personalised interest rates ranging from 3.7% p.a. to 9.6%.p.a. determined by your risk profile.
Westpac Unsecured Personal Loan
From 12.99% (fixed)
13.77%
$4,000
1 to 7 years
$12
$0 (On new loan applications before Oct 3 2017)
Borrow up to $50,000 for a term of up to 7 years with the unsecured Loan from Westpac
Pepper Money Unsecured Fixed Rate Personal Loan
From 9.99% (fixed)
9.99%
$5,000
1 to 7 years
$0
$0
Apply for up to $50,000 and receive conditional approval within minutes.
NAB Personal Loan Unsecured Variable Rate
From 14.69% (variable)
15.55%
$5,000
1 to 7 years
$10
$150
An unsecured loan with a redraw facility that allows you to access money you've paid in advance. You must have held a NAB Credit Card or Transaction account for at least 6 months before applying.
IMB Unsecured Personal Loan
From 11.69% (fixed)
13.46%
$2,000
1 to 5 years
$0
$250
Enjoy no monthly fees and the option to make additional repayments. 11.69% p.a. rate available to all approved applicants.
RateSetter 2-Year Personal Loan
From 4.69% (fixed)
7.11%
$2,001
2 years
$0
$0 (Upfront fee $250 for loan terms of 2 years and above)
This peer-to-peer loan is only available for a 2-year term at the rate of 4.69% p.a.
Latitude Personal Loans (Unsecured)
From 13.99% (fixed)
15.19%
$3,000
2 to 7 years
$13
$250 (Loans under $4000 - $140)
An unsecured loan designed for multiple purposes – renovating, buying a car or travelling. Funds can be in your account in as little as 24 hours.
SocietyOne Unsecured Personal Loan
From 7.75% (fixed)
9.77%
$5,000
2 to 5 years
$0
3% (of loan amount)
Based on your risk profile, you will receive a tailored rate between 7.75% and 20.14% with a SocietyOne personal loan.
DirectMoney Unsecured Personal Loan
From 8.5% (fixed)
9.36%
$5,000
3 to 5 years
$0
$595
This unsecured loan features tiers of interest rates from 8.5% p.a. to 19.95% p.a. based on your credit history.
bcu Unsecured Freedom Loan
From 10.44% (variable)
13.54%
$4,000
1 to 5 years
$8
$200
A flexible personal loan available from $4,000 that you can use for any purpose.
QT Mutual Bank Personal Loan
From 12.95% (variable)
13.54%
$3,000
1 to 5 years
$395 (establishment fee)
You can use this personal loan to buy just about anything: a new boat, home renovations, a holiday or even to consolidate existing debt. Only available to Queenslanders
NAB Personal Loan Unsecured Fixed
From 14.99% (fixed)
15.85%
$5,000
1 to 7 years
$10
$150
An unsecured loan available for a wide range of purposes for a long period of time up to 7 years. You must have held a NAB Credit Card or Transaction account for at least 6 months before applying.
BankSA Unsecured Fixed Rate Personal Loan
From 14.06% (fixed)
14.06%
$3,000
1 to 5 years
$12
$195
Take advantage of a competitive fixed rate and no application fee for a limited time.
Bank of Melbourne Unsecured Variable Rate Personal Loan
From 12.99% (variable)
14.06%
$3,000
1 to 7 years
$12
$195
An unsecured personal loan that gives you a choice between a fixed or variable rate.
St.George Unsecured Personal Loan - Fixed Rate
From 12.99% (fixed)
14.06%
$3,000
1 to 5 years
$12
$195
Convenient redraw facility, flexible personal loan repayment options with competitive interest rate.

Compare up to 4 providers

ME offers only one personal loan, and the ME Personal Loan can be used to purchase a new car or boat, to pay for a wedding, fund a holiday or consolidate existing debts. The loan amount can be between $5,000 and $50,000 with a repayment period of 1 to 7 year(s).

Features and benefits of an ME Personal Loan

The ME Personal Loan comes with a few convenient advantages that make it worth considering, including:

  • No account-keeping fees. There are no account-keeping or annual fees, helping you save money in the long run.
  • Flexible repayment frequency. There is an option to pay either fortnightly or monthly to suit your household budget.
  • No fees for extra repayments. There is no charge for making extra repayments or for paying off your loan before the end of the loan term. This can help you get out of debt quicker.
  • Online application. The ME Personal Loan can be applied for quickly and easily online.

What other products does ME offer?

  • Bank accounts. ME has a comprehensive range of banking products ranging from everyday transaction accounts to term deposits.
  • Home loans. ME offers a suite of home loans to cater for various types of home buyers, from first-time homeowners to investors.
  • Credit cards. The bank offers a MasterCard that features 44 interest-free days, a low annual fee and a competitive interest rate.

Weren't ME previously known as ME Bank?

Yes. ME went through a re-branding in 2015. They are now known simply as ME.

How to apply for a Personal Loan from ME

The process of applying for an ME Personal Loan is quick and simple – just click "Go to Site" to get your application started. To be eligible for this loan you will need to:

  • Be over the age of 18
  • Be applying in your personal name/s
  • Be An Australian citizen or permanent resident

If you meet the above criteria you can take the next step towards applying. Just make sure you have the below information in hand:

  • Proof of your identity, such as your passport or driver's licence
  • Personal information including your name, address and contact details
  • Employment information including where you work, the name and contact details of your employer and how long you've worked there
  • Financial details such as your income, your assets, your current debts and your liabilities

The application shouldn't take longer than ten minutes, and if you don't complete it in full you can save it and finish it later. Remember that while ME provides a competitive offering, compare your options before submitting your application.

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This page was last modified on 20 April 2017 at 2:16am.

NOW FINANCE Personal Loans

Get rewarded with a low interest rate for your good credit history. Rates from 8.95% p.a. to 16.95% p.a. depending on your credit score.

RateSetter Personal Loan

RateSetter offers personalised interest rates ranging from 3.7% p.a. to 9.6%.p.a. determined by your risk profile.

NAB Personal Loan Unsecured Variable Rate

An unsecured loan with a redraw facility that allows you to access money you've paid in advance. You must have held a NAB Credit Card or Transaction account for at least 6 months before applying.

Citi Personal Loan Plus

Borrow up to $75,000 to use for a range of purposes. Competitive rate of 9.99% p.a. available to all approved applicants.

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