8.4 / 10

based on 2039 reviews as rated by Mozo community

ME personal loans

ME is an online-only bank that originally started as an investor home loan lender over 20 years ago. Today it offers a range of banking solutions from term deposits and savings accounts to everything in between. Continue reading for the lowdown on the ME unsecured personal loan for Australians who have dreams of financing things faster.

ME offers the following personal loans

Rates and fees verified as correct at 04 December, 2020. Other information correct at the time of writing. Advertiser disclosure.

Product Interest rate from Comparison rate from Upfront fee
Personal Loan (Fixed, Unsecured)

10.98% p.a.

11.35% p.a.based on $30,000
over 5 years

$250

WARNING: The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

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ME personal loans overview

Unsecured personal loan:

If you don’t have an asset to tie against your personal loan as security, the ME unsecured loan could be just for you. It has a competitive fixed rate and loan amounts range from $5k to $50k on terms between one and seven years, plus there are no ongoing monthly costs. ME allows you to make additional loan repayments fee-free and you can repay your loan before the due date without penalty. Just keep in mind there is no redraw facility to dip into additional repayments and you’ll need to pay a sign on fee when you first take out the loan. While you can use the loan to help finance all kinds of personal purchases, it cannot be used to consolidate debts.

ME personal loan features at a glance

How do you apply for a ME personal loan?

Simply do it through the ME website and call its customer service number if you have any questions. ME will keep you posted on the progress of your application, and the turnaround shouldn’t be longer than a few business days.

To apply for a personal loan with ME you will need:


How are ME personal loans rated?

Mozo users have rated ME personal loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of personal-loans
ME personal loans
Overall
8.4/10
Price
Features
Customer service
Convenience
Trust

101 Reviews

Recent ME personal loan reviews

ME Personal Loan review
Overall 10/10
Amazing.

ME Bank is amazing.

Read full review

ME Bank is amazing.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
El, New South Wales reviewed 3 months ago
ME Personal Loan review
Overall 8/10
ME Bank is not all about ME

ME Bank for me was an ethical choice with the knowledge that I was getting a good interest rate. I like the idea that ME banks profits go back to help support our super funds. Lovely bank.

Read full review

ME Bank for me was an ethical choice with the knowledge that I was getting a good interest rate. I like the idea that ME banks profits go back to help support our super funds. Lovely bank.

Price
7/10
Features
7/10
Customer service
7/10
Convenience
7/10
Trust
10/10
Less
Meegan, Tasmania reviewed 4 months ago
ME Personal Loan review
Overall 7/10
Great

No extra fees on early pay out.

Read full review

No extra fees on early pay out.

Price
7/10
Features
6/10
Customer service
5/10
Convenience
7/10
Trust
5/10
Less
Sharon, Victoria reviewed about 2 years ago
ME Personal Loan review
Overall 9/10
Great Customer Service

This bank is easy to deal with, they listen to what you want and package according to your needs. They are accessible and easy to understand.

Read full review

This bank is easy to deal with, they listen to what you want and package according to your needs. They are accessible and easy to understand.

Price
6/10
Features
6/10
Customer service
9/10
Convenience
9/10
Trust
9/10
Less
Bronwyn, Queensland reviewed almost 5 years ago

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