Personal
loans for
kicking goals

MoneyMe offers quick online applications and fast approvals for big and small loans Australia. We are an Australian accredited lender who does things a little differently. For a start, we are an entirely online lender which means that there is no unnecessary paperwork, and everything is completed online and in a matter of minutes. Everything we offer is available online, including your loan contract. We don’t need to ring your employer to confirm your employment details. Instead, when you apply for small loans Australia like our fixed rate personal loans for up to $50,000 during business hours, you can receive instant loan approvals and your funds the very same day. Sometimes within just an hour of signing your loan contract, depending on who you bank with.

So, how do we do things so quickly and get you fast cash loans? We simplify the details. Traditional money lenders often ask for reams of paperwork to get you through the application process and then a bunch of phone calls to check your details. We’re the new generation in money lending. We like to use the power of the internet to speed up the process. When you apply with us, you’ll be asked to provide your online banking details. Don’t worry, we can’t access your account. We just use your online statement information to verify your application and that’s why you can get your funds within just an hour of signing your new contract. Easy finance and fast funds. That’s what MoneyMe offers.

How do small loans work?

If you’ve never applied for a personal loan online, or you don’t really know how loans work, don’t worry. It’s quite simple when you do it the MoneyMe way. Personal loan eligibility for MoneyMe is simple: you have to be an Australian resident receiving a regular income and at least 18 years old. Applying online for our range of personal loans is quick and easy. Ensure you have all of your details ready, like your identification and your employment details. We’ll ask you for some basic information about your living expenses – if you pay rent, how much and how often, what other bills you have, etc. – and then we’ll ask you for your online banking details. This is the secret to why we’re so quick to approve and transfer your funds. Don’t worry, we can’t actually access your bank account or PIN code, or anything like that. When you give us your banking details, you do so through a secure portal using the same security that your bank does. We receive a snapshot of your account, verifying that what you’ve told us about your salary and your living expenses is accurate. That’s it. 

This kind of instant online access means that we can significantly speed up your approval process, so you get the funds you need faster. As long as everything matches up and your credit check is quick and simple, we may not even need to contact you at all. You’ll simply receive your digital offer containing your approved credit amount, and if you’re happy with the fees and charges and met all of our requirements, then you’re ready to go.

Generally speaking, and especially for small loans Australia, you should receive your new funds the same day as your approval is received. It will depend on who you bank with, but it shouldn’t take longer than the next business day to clear for your money to clear.

Is taking one big loan better or several small loans?

Whether a small loan Australia is better than a long term personal loan will depend on your individual financial circumstances. For example, if you’re looking to refinance a personal loan to pay out the remaining balance sooner rather than later then you a small loan could be all you need. However, if you’re interested in refinancing then it may be a good idea to make a list of all of your current debts and clean them all up with a larger personal loan. 

Our loans online come with fixed monthly repayments that are directly debited from your account. They’re easy to budget around and shouldn’t affect your cash flow. As a responsible lender, we only lend to customers who can comfortably afford to repay their loan amounts. If you already have a pretty full credit file than small loans Australia might be the better option.

If you’re considering applying for our range of unsecured easy loans but you’re not sure yet how the repayments schedule will affect your current expenses, we recommend hunting out an online personal loan calculator. These handy little tools allow you to input the loan amount, the fixed interest rate you’ll be paying and how long you’ll be repaying your loan for, and then return to you the likely repayments you will need to pay. You can use these calculators to help you work out your new living expenses with the loan repayments and determine what is a comfortable schedule and amount that you can afford. Things like establishment fees for your loan will usually be included in the principal loan amount, so always add a little extra to your calculations to ensure their accuracy. 

Alternatively, our Freestyle virtual Mastercard® could be the smarter option for you if you’re looking to borrow money on a regular basis. More than just a credit card, Freestyle lets you pay for purchases and bills using a wholly online credit card that lives in your phone, rather than your wallet. You repay your credit funds steadily, with manageable repayments that are not fixed, and enjoy the security of knowing that large, unexpected costs aren’t going to completely derail your finances. You can even use your credit card while on holiday, making it easy to budget your spending money ahead of time.

Can small loans help your credit?

As part of our approval process, we will check your credit report and then assign you a MoneyMe credit score. The higher the score, the lower the rates across all of our loan products. If you have had some trouble in the past with your credit file, don’t worry. We understand that sometimes life doesn’t go quite according to plan and taking our short term loans can sometimes help you rebuilt your credit file successfully.

The good thing about our credit checks is that now lenders have access to a more comprehensive snapshot of your creditworthiness which includes details of repayments that you have made over the last 24 months on any defaults, not just the status of the default itself. When you have successfully repaid a loan with MoneyMe, and we see that you have met all of your loan obligations on time and regularly, then your credit score with us increases. The next time you apply online for any of our credit products, including small loans Australia and same day loans, you’ll be rewarded with lower fees. We like rewarding good customers, so we want you to increase your MoneyMe credit score as much as you do. If you have any trouble repaying your loan, for any reason, please let us know. The key is always communication. When we know what’s going on, we can help. 

Apply online right now for small loans Australia. When you apply within business hours, you could have the funds the same way. It doesn’t get faster than MoneyMe.