How much you can borrow for a personal loan will depend on your current financial commitments and your past financial history. We will take into account the whole story here. In the past, a credit report was likely only to show the poor performance of an individual’s credit history and not what they have been doing to repair or refinance. Now
we have access to the last 24 months of your transaction history so if you were experiencing financial hardship and have started to make inroads into fixing your situation, that work will be reflected in your credit report and very carefully considered by MoneyMe when it comes to what kind of products and personal loans we can offer you.
Can I increase my personal loan amount?
We love rewarding customers and good credit customers have access to lower fees on future personal loans. Once you have repaid the interest on your personal loan then you can, assuming your
Are personal loans illegal?
Personal payday loans AZ loans offered by a money lender with a current Australian Credit Licence, and who acts in adherence to current legislation, are completely legal. In Australia, money lenders are held to very stringent lending standards to ensure credit customers receive fair and affordable credit products. For example, credit providers are not allowed to loan funds to a customer they know is not able to repay that loan. We work closely with all of our customers to ensure that your
If you should have any questions about how MoneyMe operates or wish to check our lending credentials, please contact our customer service team either online, via email or over the phone.
Can I refinance my personal loan?
Refinancing is a great way of tying up loose ends and eradicating small and cumbersome debts like high-interest credit cards. When you have a personal loan with MoneyMe, you do have some flexibility to manage your loan how you want to. Through your personal dashboard you can manage and monitor your personal loans, opt for making extra repayments or even paying out your personal loans in full, ahead of
schedule. There are no early termination fees, so we won’t sting you for being an excellent credit customer. Once you are paying the principal of your personal loan amount and your financial circumstances are flexible enough, you can apply to refinance your loan.
How long do personal loans take to come through?
MoneyMe is about offering customers fast and tech-friendly applications and approval experiences for our suite of personal loans and credit options. This means that when you apply online with MoneyMe, you access a wholly online process which is completed in just a few minutes. If you’re applying during business hours and you have everything you need ready to hand at the time of your application, then you could receive your approval instantly. Once you have signed your loan contract online then we can even initiate the
transfer for your new funds immediately. Depending on the time of day and which bank your account is with, you may even have access to your funds within minutes. If not, then funds are usually accessible the next business day.
Apply online today with MoneyMe for personal loans of up to $50,000 or our Freestyle virtual credit card, available for balances of up to $20,000.
We are the next generation in credit products like credit cards and personal loans. We want to help you get approved instantly and get access to the funds you need, right when you need them. We offer customers speed and simplicity. We take advantage of the latest secure technology available for instantaneous information and funds transfers. And it’s not just for small personal loans that we can offer you instant approvals and fund transfers.
Our online application process takes just a few minutes and will ask you about your current employment, living expenses and other debts you have. We will then ask you for secure access to your online banking account. Don’t freak out. This access is offered as a read-only option. We cannot change or alter your bank account and we cannot give away your banking password or pin because we never see it. Your security is important to us and we use SSL encryption to keep your details safe, just like your online banking app or website will.