Interest rate from
6.25% 19.95% p.a.
Comparison rate from
7.64% 21.32% p.a.based on $30,000
over 5 years
Upfront fee

Mozo editorial review MoneyMe Personal Loan - last updated: 14 October 2021

3 / 5
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What's hot
  • Fixed interest rates from 6.25% to 19.95% (7.64% to 21.32% comparison rate*)
  • Borrow between $2,100 to $50,000
  • Online application can be completed in minutes
What's not
  • $495 application fee
  • $10 monthly service fee
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If you’re in need of fast funding, then look no further than the MoneyMe Personal Loan. You’ll have access to funds between $2,001 and $50,000 for 1 to 5 years. Borrowers with an excellent credit rating could also have access to the 6.25% fixed rate (7.64% comparison rate*). 

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Key features

Whether you’re looking to get married or get cracking on expanding your bedroom, the MoneyMe Personal Loan could help you kick those big financial goals. One thing to know about this personal loan is that your interest rate will be determined by your credit rating, with fixed rates spanning from 6.25% to 19.95% (7.64% to 21.32% comparison rate*).

There’s also some degree of flexibility with this loan, like the ability to make additional repayments without penalty. However, just keep in mind that there is no redraw facility, meaning you won't have access to the funds once you’ve put it toward the loan. And as this loan is unsecured, you won’t have to offer up any security. 

Plus, speaking of convenience you can apply for this personal loan online in a matter of minutes. The funds could even be in your account the same day! On top of this, once you've been approved for a MoneyMe Personal Loan you'll be eligible for the lender's other credit products and range of special offers. 

In terms of fees, there is a $495 fee you will be charged at the time of your application and a $10 monthly fee. 

Who is it good for

The MoneyMe Personal Loan could be a good option for Aussies with an excellent credit score looking to lock in a competitive fixed rate and take advantage of the flexible loan features.

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Any catches

The MoneyMe Personal Loan does come with some hefty fees you’ll need to budget for, like the $495 application fee. There’s also a $10 monthly service fee, which can add up over time, especially if your loan term is on the longer side.

Picture of Polly Fleeting
Polly Fleeting
Money writer

Polly Fleeting is a personal finance writer here at Mozo, specialising in loans and credit cards. Her work is aimed at helping people find ways to make smart product choices, reduce debt and get more for their hard-earned dollars. Polly has a degree in Journalism from the University of Technology, Sydney. She is also ASIC RG146 (Tier 2) certified for general advice.


Rates and fees information correct as at 8 December 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.


6.25% 19.95% p.a. fixed

7.64% 21.32% p.a.based on $30,000
over 5 years







Other financial bits



1 Year

5 Years






For new loans above $25,001 the max interest rate is 13.25% p.a. (14.65% comparison rate). Establishment fee may be lower depending on the amount borrowed


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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