Personal
loans for
kicking goals

To qualify for a MONEYME personal loan you must be an Australian citizen, New Zealand citizen or permanent resident. You are not eligible while you’re on a bridging visa, but you can apply for a personal loan with us once your visa status is confirmed.

MONEYME offers competitive interest rates based on your credit history and unique circumstances. We charge an establishment fee and a monthly account fee, in addition to the interest rate. Other fees and charges may apply if you don’t make your scheduled loan repayments. All applicable fees will be stated on your loan offer.

We don’t charge any early repayment fees, which means you can repay your loan faster without being stung by pesky fees!

If you miss a loan repayment, you may be charged a late payment fee and direct debit dishonour fee by your lender. A missed loan repayment can also leave a mark on your credit report and affect your credit score, so it’s important to meet your loan repayments.

With MONEYME, you can align your repayment schedule with your pay cycle to help you pay on time. Paying back your MONEYME loans on time will help you build a strong credit report and you may be able to borrow larger amounts in the future.

If you're late paying us back, you may be charged late payment fees, but we'll let you know about these upfront. If you're having trouble repaying your MONEYME loan, please get in touch with us as soon as possible so that we can work out a solution together. You can contact us via phone, email, or live chat.

Generally speaking, a secured personal loan is a personal loan that is secured by some form of collateral that you own—such as a home or a car—that your lender has the right to sell in the event that you default on the loan. The cost of the secured asset helps the lender to recoup any lost earnings from interest payments and often a lender adjusts their interest rate to reflect the slightly lower credit risk.

On the other hand, an unsecured personal loan is not secured by any collateral. While this might mean that you pay a slightly higher interest rate, it also means that your loan amount is not secured to any asset that you own. Paying a slightly higher interest rate could give you more flexibility.

Many borrowers who apply receive an outcome on their loan application in as little as 60 minutes. If you apply outside of business hours, or your financial situation is more complex, it may take a little longer.

If you are approved for a personal loan, we transfer you the money immediately. The time it will take for you to receive your funds depends on a range of factors including which financial institution your bank account is held with.

MONEYME uses the same strong security measures as banks and other reputable payment companies. When you take out a personal loan with MONEYME, you can rest assured that your security is our priority.

During the application process, we use fast and secure Illion technology to access 90 days of your bank statements online in a matter of seconds. This means there’s no paperwork required, and our online application form takes just minutes to complete. The information is read-only, which means we do not access your login details and cannot, in any way, alter your bank account.

Comparison rates are designed to help customers understand the true cost of a loan. Most loans come with a range of fees beyond just the interest rate offered, and so to help consumers make more informed decisions, the comparison rate includes the interest rate as well as any fees associated with the loan.

When you receive a finance offer from MONEYME, you can clearly check the comparison rate and total cost of your loan, including the interest rate charged as well as any other applicable fees.

We set interest rates primarily according to the borrower’s credit history. Other factors that can impact the interest rate you’re offered include your total income, debt obligations, and living expenses.

Ensuring that your credit score is as good as it possibly can be is a quick and easy way of giving yourself the best chance for securing the lowest possible interest rate offered. You can check your credit score for free in the MONEYME app, learn what’s impacting your score, and how to improve it.

Refinancing refers to taking out a new loan and using the loan funds to pay off an existing loan. It is typically done to obtain lower interest rates and/or better loan terms.

Refinancing and switching to a lender with lower interest and lower general fees can help you reduce the total interest you pay over the term of your loan. An interest rate differences of even just 1% or 2% could add up over the loan term and result in big long-term savings. This is why it's worth periodically checking that you are getting the best interest rate that you can.

Many of our customers are using a MONEYME personal loan to refinance or consolidate their existing debt. If you’re interested in refinancing or consolidating your debt, you can find out your interest rate and repayments without impacting your credit score and with no obligation to apply. You can do this online or straight from the MONEYME app.

Early repayment fees, also known as early exit fees, are fees that are payable by borrowers if a loan is repaid ahead of schedule. Many lenders charge these fees as repaying your loan ahead of time reduces the amount of interest that you pay over the course of your loan.

MONEYME does not charge any early repayment or early exit fees if you decide to make extra loan repayments or pay out your personal loan ahead of your contracted repayment schedule.

We don’t offer redraws on personal loans, which means the amount of the loan you have repaid won't be available for use again.

The term ‘credit history’ is usually used to describe how you have managed your credit in the past. Your credit file, also referred to as your credit report, includes information such as how many credit accounts you have, the number of credit enquiries you have made, and whether you are making your loan repayments on time. Past or current loans and credit cards generally form part of your credit file and history.

Your credit report will impact whether you are approved for a loan with us, and the interest rate you are offered. Generally, the better your credit report and credit score, the better your loan offer. Other factors can affect your approval chances and interest rate too, such as your living expenses and your total income.

If you are curious about your credit score, you can check it for free in the MONEYME app. You will also be able to see what’s on your credit report, how this is affecting your credit score rating, and what you can do to improve your score.

Your credit score is calculated based on what is listed on your credit report and how you have managed any credit products in the past. Generally, a higher score means lenders will consider you less risky and you may be offered better loan terms, whereas a lower score may both affect your ability to get a loan and the interest rate you are offered.

The credit reporting agencies we use are Equifax and Illion.

Yes—aside from personal loans, we also offer secured car loans, debt consolidation loans and credit cards. Browse our products online or in the MONEYME app, available in App Store and Google Play.

Whilst we’re completely online, we’re always here to help. You can reach us via phone, email, or by using our LiveChat function. Check our operating hours and contact details here.