Personal loans made easy
Experience a straight-forward and simple online application for personal loans up to $35,000. Everything is fast and easy – no paperwork and lengthy forms. Your online loan application just takes minutes to finish, and once you get approved, funds can be in your bank account in just a few minutes depending on who you bank with. Plus, you can manage your personal loan from your Members Area, including making extra repayments. Our fast cash loans are personalised based on your credit history and can be applied for anytime and anywhere.
What is a personal loan?
A personal loan is a credit product that you can borrow from a lender, such as MoneyMe, and use it to pay for expenses like car purchases, home improvements or holiday travel. This type of loan is usually unsecured, which means you don’t have to back up your application with assets or collaterals.
In Australia, a personal loan lender or bank must hold an Australian Credit License to legally provide loans. There are generally fees and charges included, such as an establishment fee and other ongoing fees.
Personal loans come in all shapes and sizes. You can get a fast cash advance or quick cash loans when you need instant money for an upcoming life event or an emergency while waiting for your next paycheck. This is what MoneyMe is built for – to give you access to extra cash and easy money whenever you need them.
The future of personal loans
Enjoy a fast and simple experience from application up to getting your funds. As a responsible lender, we align your fortnightly or monthly repayments to your pay cycle. This way, you don’t get caught with late fees! Everything is done online with the use of our advanced and secure technology to ensure that your experience is fast, fair and tailored to your financial situation. We’re the next generation of credit and personal loans.
For larger expenses such as a brand-new car, a wedding, home renovations, or university fees, you are going to need more than just a short term loan. MoneyMe gives access to easy loans, like fixed rate personal loans to ensure you have available funds with fortnightly or monthly repayments for the bigger things in life.
Manage your finance easier
Personal loans give you access to refinance options and help you manage bills and debts. We understand that getting on top of your bills and payments can be a bit challenging at time.
Here at MoneyMe, we can provide fast credit solutions to help with your everyday credit needs. One of our payment solutions is Freestyle, our virtual credit card. Applying for a Freestyle virtual credit card is easy and fast – just apply via the MoneyMe app or website, add it to your mobile wallet, and your credit is available 24/7 a few minutes after your approval. It’s that simple!
Apart from your credit score, we consider various factors to determine your rate. This includes your credit history, income, debt obligations and living expenses. Every bit of information helps us paint a more comprehensive picture of your finances and come up with a fully customised rate.
Unsecured personal loans
How does an unsecured personal loan work? An unsecured personal loan is an effective solution for debt consolidation. Think of it as a solution that can help you pay off your existing debts from various creditors. It helps you avoid the hassle of paying off multiple debts and lenders, and allows you to pay in fixed rates instead of multiple fees for every kind of debt.
With MoneyMe’s online loan application, you can get as much as $35,000 without any paperwork and in the comforts of your home. A brand-new and convenient way to pay off all your existing debts!
A tech-driven alternative to conventional loan processes
Forget about long waits and tons of paper documents. With MoneyMe’s instant loan offers, getting funds has become easier and faster.
Conventional loan processing can require a lot of paperwork and references, bank statements and paychecks. MoneyMe offers loans for Generation Now. It’s smooth, simple, fast process and gives you access to a same day loan or a student loan. You don’t need to provide a ton of paperwork or fill out lengthy forms. We’re completely online – even our contract is signed digitally.
How to get a personal loan
Our online application takes just a few minutes to complete. After entering your current employment, living expenses and existing financial commitments, we will retrieve you a 90-day online copy of your bank statement transactions electronically using our secure portal. This is a highly secured process and your bank statement will be available as a read-only option. Your security is important to us and we use SSL encryption to keep your details safe, just like your online banking app or website.
Apart from your credit score, we take into account other factors to determine your personal rate and offer. This includes you general living expenses, income, and employment history. You can use our online loan repayment calculator to help with how much you can borrow, for how long and to understand your expected repayments.
As a responsible lender, we want you to be comfortable with your repayments. When you have successfully repaid a loan with MoneyMe, we update your MoneyMe credit rating and may be able to offer lower rates and fees on your future loans with us.
Can I self-manage my personal loan?
Refinancing is a great way of tying up loose ends and eradicating small and cumbersome debts like high-interest credit cards. When you have a personal loan with MoneyMe, you do have the flexibility to manage your loan how you want to. Through your Members Area access, you can monitor your personal loans, opt for making extra repayments, or manage your personal loan details. There are no early termination fees, meaning you can repay your loan in full for free at no extra cost.
How long do personal loans take to process?
MoneyMe is about offering customers a fast and user-friendly application and approval processes. When you apply online with us, the process is completely online and takes just minutes to complete.
If you are applying during business hours, you can get approved fast with funds transferred immediately once approved. Depending on the time of the day and which bank your account is with, you may even have access to your funds within moments after approval. Otherwise, you’ll get your money the next business day.