MoneyMe Personal Loan – review 2026
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.
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
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.