Personal Loans

MONEYME personal loans are designed for tech-savvy Australians who need fast, flexible financing. Our 100% online application process delivers decisions in minutes.

### Eligibility Criteria

To be eligible for a MONEYME personal loan, you must:

✓ **Age:** Be 18 years or older

✓ **Residency:** Be an Australian citizen or permanent resident

✓ **Income:** Have a regular source of income (employed or self-employed)

✓ **Bank Account:** Hold an active Australian bank account in your name

✓ **Credit Status:** Not be currently bankrupt or under a Part IX debt agreement

✓ **Residency Duration:** Have lived in Australia for at least 12 months

### Loan Features

**Loan Amount:** $2,100 - $35,000

**Loan Term:** 12 to 60 months

**Interest Rate:** Starting from 9.9% p.a. (comparison rate 11.2% p.a.)

**Establishment Fee:** $0 - $990 (depending on loan amount)

**Early Repayment:** No early exit fees

### Interest Rates

Interest rates are determined by individual credit assessment and typically range from:

- **Excellent credit:** 9.9% - 14.9% p.a.

- **Good credit:** 15.9% - 19.9% p.a.

- **Fair credit:** 20.9% - 24.9% p.a.

*Your actual rate will be confirmed after credit assessment.*

### What We DON'T Accept

❌ Temporary visa holders

❌ Applicants currently in bankruptcy

❌ Applicants under Part IX debt agreement

❌ Applicants under 18 years of age

❌ Non-residents of Australia

### Income Requirements

**Minimum Income:** $25,000 per year (before tax)

**Acceptable Income Sources:**

- PAYG employment (full-time, part-time, or casual)

- Self-employment income (must provide evidence)

- Centrelink payments (some restrictions apply)

- Pension income

**NOT Accepted:**

- Workers Compensation (requires special assessment)

- Income from illegal activities

- Unverified cash income

### How to Apply

1. Complete our 5-minute online application

2. Receive a decision within minutes

3. Sign your contract digitally

4. Funds transferred within 60 minutes (business hours)

### Common Questions

**Q: I have a default on my credit file. Can I still apply?**

A: Minor defaults may be acceptable depending on age and amount. Each application is assessed individually. Defaults under $500 that are more than 2 years old are generally viewed more favorably.

**Q: I'm self-employed. What documents do I need?**

A: You'll need to provide your ABN and recent tax returns or bank statements showing regular income.

**Q: Can I pay my loan out early?**

A: Yes! There are no early exit fees at MONEYME. You can pay extra or pay out in full anytime.