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MoneyMe review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

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Our verdict

MoneyMe lends directly in Australia from AUD 5,000 to AUD 70,000 at variable rates of 6.24% to 26.1%. It suits applicants who live and work in Australia with an excellent credit rating, and charges an arrangement fee plus a monthly fee on personal loans.

Key facts

Best for
Quick personal loans in Australia for applicants with an excellent credit rating.
APR
6.24% to 26.1%↗
Loan amount
A$5,000 to A$70,000↗
Term
36 to 84 months↗
Arrangement fee
$0 for excellent credit history; otherwise $395 for loans up to $15,000 or $495 for higher amounts, plus a $10 monthly fee on all personal loans↗
Credit check
Hard↗
Funding time
As little as 60 minutes↗
Representative example
Loan of $30,000 over 5 years at 9.44% p.a. (10.82% p.a. comparison rate): monthly repayments of $649.56, total repayments $38,973.48, including a $495 establishment fee and a $10 monthly fee↗
Rate type
Variable↗
Lender type
Direct lender↗
Free early repayment
Yes↗
Eligibility
At least 18 years of age, Australian citizen or permanent resident, working in Australia; income, living costs and MONEYME loan rating considered↗
Loan types
Personal, Debt-consolidation, Car, Student↗
Credit needed
Excellent↗
Use cases
Home-improvement↗
Legal entity
MoneyMe Financial Group Pty Ltd (ABN 40 163 691 236)↗
Headquarters
Australia↗
Support channels
Phone, Email, Chat, Help-centre↗
Features
Same-day funding
Official website
moneyme.com.au

Facts checked September 26, 2026, 4 sources

Apps and profiles

Get the app
Google Play
Elsewhere
XLinkedInfacebook.cominstagram.com

Pros and cons

Pros

  • Free early repayment, so clearing a personal loan ahead of schedule costs nothing extra.
  • Same day funding is listed, and As little as 60 minutes is the advertised funding time.
  • Support runs on phone, email and chat.

Cons

  • The credit check is hard and the required rating is excellent, which narrows who qualifies.
  • The arrangement fee is waived only for an excellent credit history and otherwise applies, and a monthly fee applies to all personal loans.
  • The rate type is variable, so repayments can move with the market.
MoneyMe

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Scored 9.4 / 10 by SumCue.

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Who it suits

  • Australian citizens or permanent residents who are adults, work in Australia and hold an excellent credit rating.
  • Borrowers consolidating several debts into a single personal loan.
  • People who need cash in a hurry, given As little as 60 minutes funding.

Who should look elsewhere

  • Readers in Europe weighing euro lenders such as Creduma ES from from €12,000, since MoneyMe's amounts are in Australian dollars.
  • Applicants with a credit rating below excellent, because the credit check is hard and the rating required is excellent.
  • Borrowers who want more lenders to compare, such as those looking at Sofkredit at 10.74% to 18.06% or Cashspace at PHP 12 to PHP 36.

Who runs it

MoneyMe is run by MoneyMe Financial Group Pty Ltd (MoneyMe Financial Group Pty Ltd (ABN 40 163 691 236)) and is based in Australia (AU). It carries an Australian Securities and Investments Commission licence (442218). Borrower support runs on phone, email and chat, so questions can go to a person by phone as well as in writing.

How MoneyMe compares

Where MoneyMe is available

Available
Australia
Licence in Australia
ASIC (Australian Securities and Investments Commission) (442218), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

How fast can a MoneyMe personal loan be funded?+

Same day funding is listed as a feature, and As little as 60 minutes is the advertised funding time for a personal loan. The speed suits anyone who needs money for a home improvement project, though the credit check runs before any money moves.

What fees come with a MoneyMe personal loan?+

The arrangement fee is waived for applicants with an excellent credit history and otherwise applies, and a monthly fee applies to all personal loans. Interest runs as a variable rate of 6.24% to 26.1%, so the representative example shows total repayments that sit well above the headline rate.

Is the MoneyMe interest rate fixed or variable?+

The rate type is variable, which means repayments move with the market rather than staying level for the life of the loan. The representative example makes that visible, because the comparison rate printed next to the advertised rate is higher once fees are included.

How much can I borrow from MoneyMe and over what term?+

Personal loans run from AUD 5,000 to AUD 70,000 over terms of 36 to 84. Bigger amounts attract rates from the top of the 6.24% to 26.1% range, and applications are weighed against income, living costs and the MoneyMe loan rating.

What credit check does MoneyMe run?+

The credit check is hard and the required credit rating is excellent. Income, living costs and the MoneyMe loan rating are weighed as well, so the credit requirement, not the loan size, is the first gate an applicant meets.

Is MoneyMe a regulated lender?+

MoneyMe is run by MoneyMe Financial Group Pty Ltd (MoneyMe Financial Group Pty Ltd (ABN 40 163 691 236)) and holds an Australian Securities and Investments Commission licence (442218). It is based in Australia (AU), so it lends under Australian rules.

Can I repay a MoneyMe loan early?+

Free early repayment is offered, so clearing the balance ahead of the 36 to 84 schedule adds no early exit charge. That matters with a variable rate, since the interest avoided can be sizeable across the full term.

What can I use a MoneyMe loan for?+

The listed loan types cover personal, debt consolidation and car, and the stated use case is home improvement. Personal borrowing, debt consolidation, car and student lending all sit inside one lender, though approval still turns on the excellent credit rating.

Sources

  • moneyme.com.au checked September 26, 2026

    Backs: Legal entity, Lender type, Licences

    “Copyright 2026 l MoneyMe Financial Group Pty Ltd l ABN 40 163 691 236”

  • moneyme.com.au/faq checked September 26, 2026

    Backs: Support channels

    “Send a message hello@moneyme.com.au / Live chat / Call us on 1300 669 059”

  • moneyme.com.au/personal-loan checked September 26, 2026

    Backs: Loan amount, APR, Credit needed, Features, Free early repayment, Funding time, Loan types, Arrangement fee, Rate type, Representative example, Term, Use cases

    “Choose your loan amount from $5,000 to $70,000.”

  • moneyme.com.au/personal-loan/eligibility checked September 26, 2026

    Backs: Credit check, Eligibility, Headquarters

    “although we do carry out a credit check and look at your individual circumstances”

Compiled from 4 source pages, checked September 26, 2026. We did not open an account.

MoneyMe

MoneyMe

Quick personal loans in Australia for applicants with an excellent credit rating.

9.4/10See alternatives