MoneyMe Questions & Answers (page 3 of 3)

Hi Nadine,

If you live in Australia and are employed, then you're eligible to apply for a loan with us.

If you'd like to know more feel free to reach out to one of our team members on 1300 669 059.

Cheers, Team MoneyMe

Hi Katelyn,

We can only assess the information available at the time of your application, which unfortunately means we cannot take into consideration any expected increases to your income.

With that said, if you’re over 18 and employed you’re still eligible to apply for a loan with us.

If you’d like to know more, feel free to get in touch at 1300 669 059.

Cheers, Team MoneyMe

Hi Kimberly,

Thank you for reaching out.

Unfortunately, we’re not able to advise on how you’re able to clear your credit.

However we do recommend you research the benefits of financial advisors and debt relief counsellors as they may be able to help eliminate or lower the amount of debt that you owe.

We wish you the best of luck and please don’t hesitate to get in touch if you have any more questions.

Cheers, Team MoneyMe.

Hi Maria,

We understand the convenience of consolidating debt, and we offer loans between $2,100 and $15,000 for this loan reason. However, if you apply for $2,000 or under you will not be eligible to consolidate debt with us.

It’s important to note that MoneyMe loans are directly deposited into your bank account, so you have the freedom to disperse the funds to other creditors as you see fit.

If you have any other questions, please don’t hesitate to reply or get in touch directly on 1300 669 059.

Cheers, Team MoneyMe

Hi Tcm,

You would be eligible to apply for a loan with a default on your credit profile, however we’re unable to provide you with a definite outcome prior to submitting your application as we consider multiple factors in the review process.

With that said, it’s positive that the default has been fully repaid and that you have permanent employment.

Please don’t hesitate to get in touch if you have any further questions. You can reach us on 1300 669 059 or simply reply here.

Cheers, Team MoneyMe

Hi Mccannfan,

Legally we’re unable to give you any financial advice. However if you’d like to know more about how your credit score works, and what factors may influence your score, please contact Equifax on 13 83 32.

For your information, if you apply for a loan with MoneyMe there will be a credit check lodged on your credit file.

If there’s anything else we can help you with, please don’t hesitate to get in touch.

Cheers, Team MoneyMe

Hi Suzanne,

If your application is auto-approved it’ll be processed instantly. If it requires a manual review and is during business hours, you’ll get an outcome within 10 to 30 minutes.

If there’s anything else we can do to help, please feel free to reply or give one of our team members a buzz on 1300 669 059.

Cheers, Team MoneyMe

Hi Monica,

When you apply you'll receive an internal rating based on your credit score and history with us. This rating determines your interest rate and is shown on your contract before accepting your loan offer – so you’ll have complete transparency before making a decision.

Your repayments will start with your next pay date, and we align your payment schedule to your pay cycle.

If you have any further questions please don’t hesitate to reply or give us a call on 1300 669 059.

Cheers, Team MoneyMe

Hi Oya,

Your credit score meets our lending criteria to be eligible to apply for a $4,000 loan, however it’s difficult for us to guarantee an outcome without looking at your application in detail.

We also make an assessment based on your 90 day bank statement history where we take into account your income, living expenses and other debt commitments.

If you’d like to proceed with the application you can do so online, or alternatively you can give me a call on 02 8404 0581 if you have any other questions.

Cheers, Cal
Head of Credit Assessment

Hi Mill, we currently do not offer secured loans. However you’re more than welcome to apply for an unsecured loan to consolidate your debt.

You can apply in minutes at www.moneyme.com.au

If you have any other questions, please don’t hesitate to get in touch on 1300 669 059 or at [email protected]

Cheers, Team MoneyMe

Hi Dory,

Our application process is completely online, so all you need to apply is an online bank account and valid form of ID.

Cheers, Team MoneyMe

Hi Yasas,

In short, we do not have full access to your internet banking.

Submitting your bank statements online is a completely safe and secure process. We're granted read-only access to retrieve your 90 day transaction history and your data is protected by bank-level encryption. In no circumstance do we have access to your internet banking account.

If you'd like to know more, I encourage you to give us a call on 1300 669 059 and chat to one of our team members - we'd be happy to help!

Cheers, Team MoneyMe

Hi cissy,

It is difficult to give you a definitive answer without reviewing your application as a whole.

The reason being is we look at many factors when assessing loan applications. This includes the type of loan/s, total level of debt, your income, other repayment obligations and bank transaction history to name a few.

If you’d like to know more, I encourage you to give us a call on 1300 669 059 and chat to one of our team members - we’d be happy to help!

Cheers, Team MoneyMe.

Hi Marianne,

Thanks for getting in touch with us.

If your primary source of income is from pension payments, we are unable to offer you a loan. However if you’re employed and the income you receive is larger than your pension payments, you’ll be eligible to apply for a personal loan.

If you’d like to know more, feel free to get in touch on 1300 669 059.

Cheers, Team MoneyMe

Hi Ashley,

When uploading your bank statements using our online service it provides us with ‘read-only’ access, allowing us to take a 90-day snapshot of your bank statements. We also use bank-level encryption ensuring your info is completely safe and secure.

If you have any more questions, feel free to contact us on 1300 669 059 – we’d love to chat!

Cheers, Team MoneyMe.

Hi Ang,

Yes, we would.

We take into consideration a range of factors to make a fair decision when reviewing any loan applications. These include your credit rating and profile, income, employment situation and spending patterns, and others.

If you want to know more feel free to give us a buzz on 1300 669 059 – we’re more than happy to chat!

Cheers, Team MoneyMe.