MeLoan Frequently
Asked Questions

MeLoan is an online financial service that provides personal loans from $200 to $5000 for various purposes including debt consolidation, home renovations, vehicle repairs, and unexpected expenses. Our application process is designed to be simple, straightforward and 100% online.

If you meet the below requirements you can apply for a personal loan:

1. Must be an Australian citizen or permanent citizen of Australia.
2. Must be 18 years of age or older.
3. Must have a mobile number and email address.
4. Have been receiving income in your bank account for no less than 90 days.
5. Have an active bank account.
6. Have a good credit history with no bankruptcies, court judgments or overdue debt.

Yes, you can apply for a personal loan while receiving Centrelink payments. We consider Centrelink benefits as a form of regular income during the assessment process. You can apply for amounts up to $5,000 with various repayment options available.

1. Complete our 8-minute online application
2. We assess your application
3. If approved, review and accept the loan terms
4. Receive funds directly to your bank account

This streamlined approach means you only need to apply once rather than approaching multiple lenders. If you have any questions about the loan application process, please don’t hesitate to contact us. We’re happy to help!

• Identification (passport, driver's licence, or national ID)
• Income verification (pay slips or Centrelink statements)
• Bank statements
• Utility bills or other expense verification

If you're missing certain documents, we still encourage you to apply as alternative arrangements may be possible.

MeLoan may conduct an employment verification as part of the assessment process. This is done confidentially and professionally. We may also check your credit score as part of responsible lending practices.

1. Visit our website and click "Apply Now"
2. Complete the application form (takes about 8 minutes)
3. Submit your information securely
4. Receive a notification when your application has been assessed

While we conduct some form of credit assessment as part of responsible lending obligations, MeLoan considers factors beyond just your credit score. We evaluate your current financial situation, income stability, and expense management alongside credit history.

You can apply any time. Our online application is available 24/7 and takes approximately 8 minutes to complete. Apply from anywhere with internet access at your convenience.

After approval and accepting your loan contract, funds are typically transferred to your account on the same day during business hours. Some applicants receive funds within 60 minutes of finalising their loan agreement, depending on their banking institution. Remember that accepting a loan creates a legal obligation to make repayments according to the agreed terms.