MoneyMe Personal Loan – review 2026

4,3 / 5

MoneyMe is an ASX-listed fintech (ASX: MME) providing personal loans from AUD 2,000 to AUD 50,000 with same-day funding capability. Interest rates range from 9.99% p.a. to 29.99% p.a. MoneyMe holds Australian Credit Licence 442218.

Pros

Same-day funding available in many cases
Lower minimum loan of AUD 2,000 suitable for smaller needs
Short terms from 12 months available
ASX-listed with public financial reporting
Fully digital application process

Cons

Risk fee up to 8% of loan amount can significantly increase cost
Rates up to 29.99% p.a. among higher in the personal loan market
Monthly account fee of AUD 10 applies
Comparison rate considerably higher than headline rate
Not available for applicants with recent defaults

MoneyMe Personal Loan Review

MoneyMe is an ASX-listed technology-driven lender offering personal loans from AUD 2,000 to AUD 50,000. The platform uses proprietary decisioning technology that can deliver same-day funding in many cases. Loan terms range from 12 to 60 months.

Rates start at 9.99% p.a. (comparison rate 14.07% p.a. based on a AUD 10,000 loan over 3 years) and reach 29.99% p.a. for higher-risk profiles. A risk fee of up to 8% of the loan amount may apply in addition to interest.

Fees and Charges

Risk/establishment fee: 0-8% of loan amount. Monthly account fee: AUD 10. Early repayment: permitted without penalty.

Is MoneyMe Safe?

MoneyMe Limited is listed on the Australian Securities Exchange (ASX: MME) and holds Australian Credit Licence 442218, which means it is directly supervised by ASIC and subject to public financial disclosure requirements under the Corporations Act. MoneyMe is a member of the Australian Financial Complaints Authority (AFCA), giving borrowers an independent dispute-resolution path if something goes wrong.

Requirements

Australian citizen or permanent resident
Minimum age 18 years
Minimum income AUD 25,000 p.a.
100 points of ID required
Active Australian bank account required for funding

Provider contacts

Website: https://www.moneyme.com.au
Online application: Apply now →
Regulator: Australian Securities and Investments Commission (ASIC)

FAQ

Is MoneyMe safe and legitimate?

Yes. MoneyMe is an ASX-listed public company (ASX: MME) holding Australian Credit Licence 442218, regulated by ASIC under the National Consumer Credit Protection Act 2009. It is also a member of AFCA for independent dispute resolution. As with any lender, review the comparison rate and risk fee carefully before signing, since the headline rate can be significantly lower than the total cost of the loan.

Is MoneyMe a bank?

No, MoneyMe is a non-bank online lender. It does not hold a banking licence but operates under an Australian Credit Licence (442218) supervised by ASIC, which covers consumer lending rather than deposit-taking.

Information in this review is based on publicly available sources and is for informational purposes only. Finatino.com is not a financial product broker. Before signing any contract, we recommend reading the provider's terms and conditions.