Rating based on 930 reviews
MoneyMe is a 2016 FinTECH Awards Winner and is one of the most innovative and modern online credit providers in Australia.
Costs tailored to you
One of the things that really stand out about MoneyMe is that they actually consider your credit history and customize your interest rate to your risk profile.
This means that people with good credit can get a low rate and enjoy the benefits of having been responsible for their money when they get a short-term loan.
That’s not all though, MoneyMe also has different charges and rates depending on the personal loan amount that you’re an option for and that’s actually good news! Why? Simply because lending a small amount of money should never cost you as much as lending a large sum of cash like $10,000!
What MoneyMe can offer you
MoneyMe offers short term loans and personal loans from $200 to $10,000 with loan terms ranging from 30 days to 36 months.
From $200 to $2,000 you will be charged an establishment fee ranging from 11% to 20% and 4% of the principal loan amount per month until the loan is repaid
From $2,001 to $5,000 you will be charged a $400 establishment fee and an interest rate of between 11% and 30% per annum. The comparison rate for this loan amount range is between 18.50% and 60.49% per annum.
For loans that range from $5,001 to $10,000 you will be charged an 8% establishment fee and an interest rate of between 11% and 30% with a comparison rate ranging from 12.37% to 36.08% accordingly.
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In a Nutshell
- Average processing time 2 hours
- Online application
- Unsecured loan option
- Bad credit consideration
- Early repayment
Apply for an Affordable Personal Loan Online
As an online lender, MoneyMe has pulled out all the stops to make sure that customer can apply quickly and easily with minimal effort and – get their loans fast.
This lender is very transparent as is made evident by their clear and easy to understand loan fees and interest rates on their costs page.
If you need a personal micro-loan to pay bills, fix your car, go on holiday, make a large purchase or just to tide you over during an emergency – MoneyMe has the fastest loans and the best service you could find.
Reasons to choose MoneyMe:
- Get lower rates for good credit
- You choose how much you want to borrow
- You choose your own repayment term
- 100% online loan application
- Apply in just 5 minutes
- They use Money Buddy to view your bank statements – no printing or faxing needed
- Repay early with no penalty fees
- Complete loan cost transparency
With MoneyMe people with good credit histories will get a lower rate personal loan. How does this work? You will be assigned a number from 1 to 5 based on how good your credit score is and will be assigned an interest rate based on this placement.
While most lenders try to keep their fees, costs and penalty charges a secret – MoneyMe seems to be very open about it.
They will charge the following fees:
- For loans from $2,001 to $10,000 a debit dishonor fee of $15 and a late fee of $15
- For loans of $200 to $2,000 a debit dishonor fee of $25 and a late fee of $5 per day
No credit history?
Banks and most alternative lender will take no credit history as a negative but MoneyMe is different – they take the fact that you’ve stayed out of debt or haven’t required credit yet as a positive thing and will offer you a lower rate on your short term loan accordingly.
Eligibility & Requirements
- Employed full-time
- Credit check
- Active email address
- Bank statements
Other Products & Services
- Personal Loans
- Cash Loans
- Quick Cash Loans
- Online Cash Loans
- Cash Advance
- Fast Cash Advance
- Short Term Loans
- Quick Loans
- Instant Loans
- Small Loans
- Quick Personal Loans
Customer Reviews & Testimonials
When I first came across MoneyMe’s website I was astounded by the number of financial options that presented themselves to me. I felt like a kid in a candy store and was amazed by their fairness and flexibility.
— Darwin —
I just turned eighteen and do not yet have a credit history. I was very grateful that MoneyMe gave me the loan that I needed to get started. What makes matters better is I now have the starting of a good credit record!
— Brisbane —
- Level 38, 100 Miller St, North Sydney, NSW, 2060, Australia
- Monday 08:00 – 19:00
- Tuesday 08:00 – 19:00
- Wednesday 08:00 – 19:00
- Thursday 08:00 – 19:00
- Friday 08:00 – 19:00
- Saturday 09:00 – 15:00
- Sunday 09:00 – 15:00