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Looking for a fast cash advance payday loan? Get approved for cash advance in Melbourne options offered by MoneyMe. We offer customers both a range of loans ranging from $5,000 to $50,000 as well as our Freestyle virtual Mastercard® for balances between $1,000 and $20,000. Get a revolving line of credit you can use in-store and online, as well as transfer quick cash to your own account when you need to or apply for a lump sum cash loan today for the money you need. We cover all of Melbourne from the CBD to South Melbourne, Docklands, Southbank, St Kilda, down to Dandenong and Frankston, out to Werribee and up to Bundoora. Apply online from home right now to see how much you could be approved for.

What is a cash advance loan?

A cash advance loan is a quick loan that transfers you the cash you need directly into your bank account. A cash advance comes in a range of options including cash advance options from your employer who may authorise paying you your salary early, a cash advance in Melbourne in the form of a personal loan issued by a credit provider like MoneyMe or even an instant cash transfer from your credit card like the Freestyle virtual Mastercard® from MoneyMe. 

The first type of cash advance is relatively rare and may need multiple forms of approval, depending on where you work. The second kind of cash loan is much easier to apply for, taking you just minutes online when you choose MoneyMe. We have created a no-nonsense online application process, especially for our fast and online world. Everything you need to complete and submit your application is likely to be in your wallet already. We won’t ask you for paperwork like your most recent payslips, a reference from your employer or ask you to upload numerous statements and other bits of supporting documentation. Our application form is straightforward and intuitive. We’ll ask you for things like your current income, how long you have been employed, what your living expenses are like including the rent that you pay or mortgage repayments that you make, your utility costs, your grocery and entertainment bills like subscription services as well as any other debts or bills that you have.

Once you have input the relevant information then you’ll be directed to an online portal securely managed by illion’s bank-level encryption software. This portal will ask you to log in to your online banking website and by doing so you agree for our assessment team to receive a read-only PDF statement covering the last 90 days’ worth of transactions. We use this statement to verify your application details and extend a loan offer that we believe is fair and affordable. 

Your loan offer will detail things like the interest rate that you have been offered, any applicable fees (these are rolled into your loan amount so there is no upfront cost to you), the loan term that you have been offered and how many fixed repayments you will need to make over the term of the loan. Unlike other credit providers, MoneyMe doesn’t sting our customers with an early termination fee so if you want to pay out your loan for a cash advance in Melbourne before the term of the loan is up then you’re free to do so without that additional fee. It’s just one more way that we like to reward our credit customers. 

If you’re happy with the cash loan offer that we have made you and you are ready to proceed then you simply sign your online loan contract (there’s no need to waste time printing it out and scanning it back to us). When we have received your accepted loan offer, our personal loans team transfers your new funds immediately. When we offer same day loans Melbourne, we actually really mean it. Because our application and approval process is so fast, customers who apply during our business hours can actually receive the fast loans Melbourne they’re looking for within 24 hours of applying.

You may also have heard of a cash advance option connected to your credit card, like the Freestyle online credit card. Cash advances offered through this type of credit option are cash amounts that you can transfer from your credit card into your normal account. As a Freestyle customer with MoneyMe, you enjoy the ability to instantly transfer cash to your own or someone else’s account from any device. A cash advance like this, however, comes with other fees and rates so it’s important to review your credit card contract before you opt for this option and ensure that a cash advance is affordable and a good credit option for you. You can always apply for our range of small loans online instead. Our short term loans in Melbourne begin at just 12 months for balances from $5,000 extending up to $50,000 that you can take over 5 years.

Where can I get a fast cash advance loan in Melbourne?

If you’re interested in applying for any of our loan products, online applications take you only a matter of minutes via our website or smartphone app. 

Is a cash advance bad for your credit?

No type of credit option is ‘bad’ for your credit score. Your credit score is a reflection of your available credit resources (your borrowing power) as well as your past credit behaviour (whether you have repaid your credit on time). To keep your credit score as healthy as possible, avoid multiple loan applications within 3 months of each other (ideally wait 6 months between credit applications) and always stick to your repayment plan. If you’re experiencing difficulty with any credit product, get in touch with your provider as soon as possible and arrange an alternative payment option until you get back on your feet properly. This will avoid attracting things like default notices which can stay on your credit file for years and affect future applications.

Want to know whether you could get a cash advance in Melbourne today? Apply online in just minutes to find out how much you could be approved for now.