Quick and easy online loans

Get on top of your finances with small personal loans from MoneyMe. Whether you’re searching for a credit product to help pay for big-ticket items or small, everyday expenses, MoneyMe is the Generation Now money lender who offers great personal loan interest rates and fast online applications and approvals.

We believe in fast, responsible lending so we have developed same day cash loans that you can apply for online and get results in a matter of minutes. We do everything digitally, including your loan contract. There is no wasted time spent making unnecessary phone calls. We use the power of technology to get you quick loans when you need them, for whatever you need them for. We don’t even have branch offices to shuffle paperwork around. It’s all online, it’s all available right now and it’s all tailored to ensure that you receive fast approvals, great customer service and the right loan product.

Personal loans tailored to you

Anybody interested in taking out small loans will usually ask themselves two questions right at the start. The first one is: How much can I borrow? Cash loans from MoneyMe are offered to individuals who can comfortably afford to repay them. When you apply for any of our easy loans online, we take into account the limit you have applied for, your current living expenses, debt obligations and your income.

We also take a look at your credit history but unlike other credit providers, like your bank, we have created a special in-house credit score which takes into account more than just your current credit status. As a customer of MoneyMe, we assess your credit history with us and adjust your in-house credit score to reflect your trustworthiness and reliability. When you take out same day cash loans with MoneyMe and repay them on time – or earlier, with no early payout fees! – we adjust your credit file with us to reflect your repayment history. This means that customers who consistently make their repayments on time may be rewarded with future credit perks like lower fees and charges, better personal loan interest rates and higher approved credit limits.

If you are somebody who has a less than stellar credit history, or you are a young person with very little credit history, you can initially build up your score with MoneyMe’s small personal loans and work up to larger unsecured personal loans like car loans. Our easy loans are tailored to suit every individual to ensure that you are getting the best credit for your circumstances and for whatever you need.

Know your ideal rate

The second question you are probably going to ask yourself is: What kind of interest rate will I be offered on my small personal loan? Interest rates will vary between products and sometimes between applicants. High-risk applicants are usually offered a higher interest rate to offset the risk of extending credit to them. You can use our personal loan repayment calculator to get a preview of your expected fortnightly or monthly repayment amount using a range of likely interest rates. Our personal loan calculator can also show you the difference in interest payable between short term loans and long term loans.

Unsecured loans taken over a shorter term will mean paying slightly less in interest than personal loans taken over a longer loan term. Interest payable is given as a percentage of your loan amount per annum and applied to your loan repayment monthly. The fewer the months you are repaying your loan over, the lower the overall interest you eventually pay. However, choosing cash loans over shorter periods of time will translate into higher monthly repayment amounts, leaving you with pros and cons to consider for both options.

Small personal loans are designed to offer you funds that are debited fully and directly to your bank account. In the case of boat loans, you would then pass that money onto the person or company you were purchasing your boat from. For student loans, you pass that money on to your educational institution. And in the case of rent assistance and bond loans, you pass it on to your landlord or real estate.

Once the money is spent, it’s gone. You repay the amount over the repayment schedule you have agreed to when you accepted the loan offer, but the loan amount cannot be redrawn. A small personal loan like this might be exactly the type of credit you’re looking for but for some cases, you might be needing a more flexible credit option.