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ME Personal Loans

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

Updated

ME

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

Data indicated here is updated regularly
$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Service Fee Monthly Repayment
ME Personal Loan
10.98% (fixed)
11.35%
$5,000
1 to 7 years
$250
$0
You'll receive a fixed rate of 10.98% p.a. with a comparison rate of 11.35% p.a.
Borrow up to $50,000 with flexible repayment options and no ongoing fees.
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Compare up to 4 providers

Data indicated here is updated regularly
$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Service Fee Monthly Repayment
RateSetter Unsecured Fixed Personal Loan

From 7.49% (fixed)
8.33%
$2,001
3 to 5 years
$249 (based on $30,000)
$0
You'll receive a fixed rate between 7.49% p.a. and 13.89% p.a. based on your risk profile
A flexible loan with amounts from $2,001 and terms starting from 3 years. Interest and comparison rates calculated for a loan term of 5 years.
RateSetter Unsecured Variable Personal Loan

From 7.49% (variable)
9.50%
$2,001
1 to 2 years
$199 (based on $10,000)
$0
You'll receive a variable rate from 7.49% p.a and 13.89% p.a. based on your risk profile
A flexible loan with amounts from $2,001 and terms starting from 12 months. Benefit from transparent costs and a rate estimate before you apply.
Symple Loans Personal Loan

From 5.75% (variable)
6.47%
$5,000
1 to 7 years
from 0% to 5% of the loan amount
$10
You'll receive a personalised interest rate from 5.75% p.a. to 21.99% p.a. based on your risk profile
Borrow up to $50,000 to pay for what you need.
SocietyOne Unsecured Personal Loan

From 7.50% (fixed)
9.51%
$10,000
2 to 5 years
from 3% of loan amount
$0
You'll receive a fixed rate between 7.50% p.a. and 20.49% p.a. based on your risk profile
A loan from $10,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.
SocietyOne Unsecured Personal Loan

From 7.50% (fixed)
9.51%
$5,000
1 to 7 years
$300 (Based on $10,000)
$0
You'll receive a fixed rate between 7.50% 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.
CUA Unsecured Fixed Rate Personal Loan
9.89% (fixed)
10.14%
$5,000
1 to 7 years
$175
$0
You'll receive a fixed rate of 9.89% p.a.
An unsecured loan from $5,000 with flexible repayments and no monthly fee.
CUA Discount Variable Personal Loan (Loans over $30,000)
10.89% (variable)
11.15%
$30,000
1 to 7 years
$175
$0
You'll receive a discounted variable rate of 10.89% p.a.
Borrow over $30,000 and receive a discounted interest rate. No monthly fees and a redraw facility also available.
MoneyPlace Unsecured Personal Loan

From 7.65% (fixed)
7.65%
$5,000
3 to 7 years
0% to 5.5% of loan amount, capped at $950
$0
You'll receive a fixed rate between 7.65% p.a. and 26.99% p.a. based on your risk profile
A no-frills personal loan that you can use for any purpose. Loan amounts available up to $50,000 and early repayments allowed.
Liberty Personal Loan

From 7.65% (fixed)
7.65%
$5,000
3 to 7 years
0% to 5.5% of loan amount, capped at $950
$0
You'll receive a fixed rate of 7.65% p.a. to 26.99% p.a. based on your risk profile
Apply for a credit limit from $5,000 to $50,000 on terms from 3 to 7 years and pay no ongoing fees or charges.
Harmoney Unsecured Personal Loan

From 6.99% (fixed)
7.79%
$2,000
3 to 5 years
$575 ($275 for loans of below $5,000)
$0
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.
CUA Unsecured Variable Personal Loan
11.89% (variable)
12.15%
$5,000
1 to 7 years
$175
$0
You'll receive a variable rate of 11.89% p.a.
Borrow from $5,000 with the option for flexible repayments and no monthly fees.
People's Choice CU Discounted Personal Loan

From 7.99% (fixed)
8.35%
$10,000
1 to 10 years
$250
$0
You'll receive a fixed rate of 7.99% p.a. for 5 years
Secure this loan with a vehicle up to 7 years old and benefit from long loan terms up to 10 years and pre-approval.
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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 years.

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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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 7.5% p.a. and 20.49% p.a. based on your risk profile
A loan from $10,000 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 7.95% p.a. and 16.95% 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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