MeLoans Costs

We gaurantee you no hidden costs are involved.
See a worked example of how our costs are calculated.

How Much Do You Need? $ 2500

How Much Do You Need?

$ 2500

Important Info - Read me first

See Worked Example - Click here

For How Long?

12 Month

For How Long? 12 Month

Estimated Repayments

$124.21

Weekly

$124.21

Fortnightly

$124.21

Monthly

Important Info - Read me first

See Worked Example - Click here

The maximum you will be charged is 48% (comparison rate 66.07% pa). Representative example: based on a loan of $2,500 over 24 months.

** WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

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MeLoans Costs
How our Small Personal Loans work

How our Small Personal Loans work

Learn how we calculate small personal loans for quick cash

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Loan AmountLoan Amount
$300
Minimum
$2,000
Maximum
TermsTerms
12 months
Minimum
12 months
Maximum
CostsCosts
$400 establishment fee + 4% per month
Max comparison rate between $300 & $2000 is 199.43%

Small Personal Loan Example:

Loan Amount

Loan Amount of $1,000 over 6 months repayable weekly (25 weekly repayments)

Calculation

$1,000 (Principle Amount)
+ $200 (Establishment Fee)
+ $240 (reducing interest)

Outcome:

= $1,440 total repayable over 6 months with weekly instalments of $57.60.

Warning

Disclaimer: Under the current legislation, all Small Amount Credit Contract loan providers don’t charge an annual interest rate. The maximum you will be charged is a flat 20% Establishment Fee and a flat 4% Monthly Fee. The comparison rate on loans between $300 and $2000 could be up to 199.43%. The minimum loan term is 16 days and maximum loan term is 12 months. Representative example based on a loan of $1000 over 6 months a borrower
can expect to pay a total of $1440. 

** WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Further Information

For more information about the allowable fees and charges for SACCs & MACCs visit the Moneysmart Website.

How our Medium Personal Loans work

How our Medium Personal Loans work

Learn how we calculate medium personal loans for quick cash

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Loan AmountLoan Amount
$2,100
Minimum
$4,600
Maximum
TermsTerms
13 months
Minimum
24 months
Maximum
CostsCosts
Annual Percentage Rate (APR) is 48% Comparison Rate is 67.41% P.A
Fees and charges are payable

Medium Personal Loan Example:

Loan Amount

Loan Amount of $3,000 over 18 months repayable weekly (78 weekly repayments)

Calculation

$3,000 (Principle Amount)
+ $400 (Establishment Fee)
+ $1,379.06 (reducing interest)

Outcome:

= $4,779.06 total repayable over 18 months
with weekly instalments of $61.27

Warning

The maximum interest rate for a Medium Amount Credit Contract is 48%. Comparison Rate 65.85% p.a. The maximum loan term is 24 months. Representative example based on a loan of $2500 over 24 months a borrower can expect to pay a total of $4,556.88

** WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Further Information

For more information about the allowable fees and charges for SACCs & MACCs visit the Moneysmart Website.

How Large Personal Loans Work

How Large Personal Loans Work

Learn how we calculate small personal loans for quick cash

Apply NowContact Us

Loan AmountLoan Amount
$5,000
Minimum
$20,000
Maximum
TermsTerms
13 months
Minimum
24 months
Maximum
CostsCosts
APR is 17.00% Maximum Comparison Rate is 36.00% P.A
Fees and charges are payable

Large Personal Loan Example:

Loan Amount

Loan Amount of $30,000 over 24 months repayable weekly (104 weekly repayments)

Calculation

$30,000 (Principle Amount)
+ $5,577.12 (reducing interest)

Outcome:

= $15,577.12 total repayable over 24 months with weekly instalments of $149.78

Warning

The maximum interest rate for a Medium Amount Credit Contract is 48%. Comparison Rate 65.85% p.a. The maximum loan term is 24 months. Representative example based on a loan of $2500 over 24 months a borrower can expect to pay a total of $4,556.88

** WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Further Information

For more information about the allowable fees and charges for SACCs & MACCs visit the Moneysmart Website.

Interested in our MeLoan Process?

Interested in our MeLoan Process?

Avoid having to apply for multiple lenders. MeLoan provides a fast, easy and one-application solution to help you find the best tailored loan and lender for you.