ME personal loans

ME's overall rating for personal loans

(as rated by the Mozo community)

8.4 / 10

based on 101 reviews

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 18 September, 2020. Other information correct at the time of writing.

Product Interest rate from Comparison rate from* Upfront fee

10.98% p.a.

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


*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. WARNING: 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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What personal loans does ME offer?

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

Repayment flexibility: 

ME gives you the flex to choose between weekly, fortnightly or monthly loan repayments.

Extra repayments: 

You can make additional loan repayments without paying more in fees with a ME unsecured personal loan.

No early loan repayment fees: 

Repay your entire loan off early without financial penalty.

No monthly fees: 

If you take out the ME unsecured personal loan, there are zero monthly account-keeping fees to consider.

ME customer reviews:

For insight into what personal loan customers have been saying online about ME on things like customer service, features and overall experience, look no further than here.

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:

More helpful personal loan quick links