MoneyMe review

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

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Our verdict

MoneyMe suits Australian borrowers with an excellent credit history who want a personal, debt consolidation, car or student loan of AUD 5,000 to AUD 70,000 and value fast payout. The catch is cost: the arrangement fee applies unless your credit history is excellent, and a monthly fee is added to all personal loans.

Key facts

Best for
Borrowers with an excellent credit history who want larger personal or consolidation loans funded quickly.
APR
6.24% to 26.1% (Source, checked September 26, 2026)
Loan amount
A$5,000 to A$70,000 (Source, checked September 26, 2026)
Term
36 to 84 months (Source, checked September 26, 2026)
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 (Source, checked September 26, 2026)
Credit check
Hard (Source, checked September 26, 2026)
Funding time
As little as 60 minutes (Source, checked September 26, 2026)
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 (Source, checked September 26, 2026)
Rate type
Variable (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Free early repayment
Yes (Source, checked September 26, 2026)
Eligibility
At least 18 years of age, Australian citizen or permanent resident, working in Australia; income, living costs and MONEYME loan rating considered (Source, checked September 26, 2026)
Loan types
Personal, Debt-consolidation, Car, Student (Source, checked September 26, 2026)
Credit needed
Excellent (Source, checked September 26, 2026)
Use cases
Home-improvement (Source, checked September 26, 2026)
Legal entity
MoneyMe Financial Group Pty Ltd (ABN 40 163 691 236) (Source, checked September 26, 2026)
Headquarters
Australia (Source, checked September 26, 2026)
Support channels
Phone, Email, Chat, Help-centre (Source, checked September 26, 2026)
Features
Same-day funding
Official website
moneyme.com.au

Apps and profiles

Get the app
Google Play
Elsewhere
XLinkedInfacebook.cominstagram.com

Pros and cons

Pros

  • Loan amounts run AUD 5,000 to AUD 70,000 with terms of 36 to 84, covering personal, debt consolidation and car.
  • Approved loans can be funded in As little as 60 minutes, so an urgent bill does not wait on a long payout.
  • Support runs on phone, email and chat before and after the loan starts.
  • Any Australian citizen or permanent resident working in Australia can apply, with income and living costs weighed alongside the lender's own loan rating.

Cons

  • The arrangement fee is only free for an excellent credit history, and a higher band applies to larger amounts.
  • A monthly fee is added to all personal loans on top of the arrangement fee.
  • Approval rests on a hard credit check and a excellent credit history, and the rate is variable so repayments can move.
MoneyMe

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Scored 9.4 / 10 by BorrowCue.

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Who it suits

  • Australians who are citizens or permanent residents, working in Australia, with an excellent credit history.
  • Borrowers consolidating several debts into a personal loan within the AUD 5,000 to AUD 70,000 range.
  • Anyone who needs money quickly, since approved loans can be funded in As little as 60 minutes.

Who should look elsewhere

  • Anyone outside Australia, since MoneyMe lends to Australian citizens and permanent residents working in Australia, so Monzo Flex at 10% to 23% is the listed alternative for another market.
  • Borrowers without a strong credit file, since a excellent credit history and a hard credit check stand in the way, while Cashspace at PHP 12 to PHP 36 sits in another market.
  • Anyone who will not accept a monthly fee, since one is added to all personal loans, and Cashspace ES at 0% is the listed alternative with a different fee profile.

Safety and regulation

As a direct lender, MoneyMe writes the loan itself rather than passing the application on. It is authorised by ASIC, the Australian securities regulator, under licence 442218. The representative example shows why fees decide the real cost: the comparison rate sits above the advertised rate, and total repayments include the establishment fee and the monthly fee.

Who runs it

Behind the brand sits MoneyMe Financial Group Pty Ltd (ABN 40 163 691 236), based in Australia and authorised by ASIC under licence 442218. Support runs on phone, email and chat, so a borrower can phone, email, chat or work through the help centre, in the same market the loans are written in.

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

What does MoneyMe charge for a personal loan?+

The arrangement fee is only free for an excellent credit history, and it rises for larger amounts, while a monthly fee applies to all personal loans. Interest is quoted as 6.24% to 26.1% on a variable basis, so fees and rate together set the real cost.

How much can I borrow and over what term?+

Loans run AUD 5,000 to AUD 70,000 with terms of 36 to 84. The lender covers personal, debt consolidation and car, and home improvement is a listed use, so a renovation, a car or a consolidation can go through the same application.

How fast can the money arrive?+

Funding can be As little as 60 minutes after approval, and same day funding is listed among the features. Speed depends on a complete application and a final credit decision under the hard credit check, so clean files move quickest.

Who is regulated, and which entity do I deal with?+

MoneyMe lends under an ASIC licence, licence 442218, the Australian securities regulator. It is a direct lender based in Australia, and the contracting entity is MoneyMe Financial Group Pty Ltd (ABN 40 163 691 236).

What credit history do I need to be accepted?+

The lender asks for a excellent credit history and runs a hard credit check. Applicants must be adults who are Australian citizens or permanent residents and are working in Australia, with income, living costs and the lender's own loan rating weighed together.

Can I repay the loan early without a charge?+

Early repayment is free, so finishing ahead of the 36 to 84 schedule carries no charge. With a variable rate, it is worth weighing the saving from closing early against the cost of running the balance to full term.

How do I get help or track an application?+

Support runs on phone, email and chat, so a phone call, an email, a live chat or the help centre covers most questions. The same channels handle progress on an application and problems with repayments once the loan is running.

Why is the representative example dearer than the headline rate?+

The representative example puts the establishment fee and the monthly fee into the totals, so the comparison rate sits above the advertised 6.24% to 26.1%. That is the figure to compare against other lenders, since total repayments rise above the interest alone on the same balance and term.

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

Borrowers with an excellent credit history who want larger personal or consolidation loans funded quickly.

9.4/10See alternatives

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