Personal Loans Made Simple with MeLoan

Not every expense is an emergency. Sometimes you just need a set amount to tidy up the to-do list, replace a tired appliance, or bring a couple of small balances under one roof. MeLoan offers personal loans from $500 to $5,000 with terms of 2 to 6 months and repayments set weekly, fortnightly or monthly. We review today’s affordability from your income, regular costs and recent banking, then show the total cost and every repayment date before you accept. This means that even if you have bad credit, you can still apply!

What a Personal Loan Covers and When It Helps

A personal loan gives you a fixed amount for a defined period. It suits planned spends where a clear finish date helps you stay organised. Typical examples include a small home update, moving costs, a course fee due this term, or consolidating two or more small loans into one schedule that matches your pay cycle. Because the amount and end date are set from the start, you can plan the rest of the budget with fewer surprises.

Why MeLoan Fits Everyday Plans for Personal Loans

Costs Shown Up Front

Your offer lists the amount, any fees and all repayment dates in one place. You choose the smallest amount that solves the job and confirm the schedule before you sign. There are no hidden add‑ons later.

Repayments That Fit Your Pay Cycle

Weekly, fortnightly or monthly options make it easier to keep the rest of your bills on track. If your pay day shifts during the term, talk to us early and we will move dates to suit.

Support for Casual, Gig and Rebuilding Credit

Income patterns vary. We look at recent banking to confirm a consistent flow, not just a job title or a perfect score. Applicants rebuilding after past credit issues are considered when the new plan fits comfortably.

Applying for a Personal Loan Online

1. Start your application and consent to checks on our secure site.
2. Upload identification, recent income proof and the last 90 days of bank statements.
3. We assess affordability and, if approved, present an offer with the total cost and every repayment date.
4. Accept when ready and we trigger the transfer. Repayments are collected by direct debit on your chosen schedule.

Eligibility and Documents at a Glance

• Eligibility - 18 or over, Australian resident, regular income and a transaction account in your name. A credit enquiry may be recorded with Equifax, Experian or illion as part of responsible lending.
• Documents - Government photo ID, recent income proof and 90 days of bank statements for your main account. Centrelink income can be considered alongside wages.
• Security - Read‑only bank connections and encrypted uploads keep your data protected. We cannot move money in your account outside scheduled repayments.

How We Assess and Set Your Repayment Schedule

We confirm a practical budget by looking at incoming pay, essential living costs and existing commitments. That view helps set a realistic amount and a timetable that fits your pay cycle. Recent banking carries more weight than old entries on a report, though a credit enquiry may be recorded as part of responsible lending. If the first amount looks tight, we may suggest a smaller figure so the plan stays manageable. You see every date and dollar before you accept, and you can pay out early without a fee.

MeLoan Personal Loan Overview

Timing and Funding

Applications with clear documents and matching names move fastest during business hours. After you accept an approved offer, we aim to send the payout promptly so you can get on with the task at hand. Public holidays, first time payee holds and late evening acceptances can add time.

Fees, Terms and Early Payout

Loan amounts range from $500 to $5,000 with terms of 2 to 6 months. Repayments align to your pay cycle. All fees and any interest are shown before you accept. There is no fee for early payout. Where interest applies, it is recalculated to your payout date, which can lower the total cost.

Know Your Rights and Free Support

Applications are assessed under the National Consumer Credit Protection Act 2009 and the National Credit Code. ASIC oversees licensing and conduct. If we cannot resolve a complaint together, the Australian Financial Complaints Authority can help on 1800 931 678. For free, confidential financial counselling, call the National Debt Helpline on 1800 007 007. For privacy and data rights, see the Office of the Australian Information Commissioner at oaic.gov.au. 

Personal Loan FAQs

Do I need a specific purpose to apply?

No. Applying for a personal loan is flexible. You do not need to submit quotes for every dollar, but you should borrow only what is required and keep receipts for your own records.

Can I split the funds across a few bills or projects?

Yes. Funds are paid to your bank account after acceptance, so you can cover more than one cost. Plan the total carefully so the amount and term stay within your budget.

Can I reduce the amount after I see the offer?

You can request a smaller amount before you accept. Asking for more may need a quick recheck to confirm the new figure is still affordable.

Do you offer redraw or revolving credit?

No. This is a fixed‑sum loan with a clear end date. If you later need more, we will reassess rather than extend the same contract.

Can I change repayment dates if my pay cycle shifts?

Often, yes. Contact us ahead of the due date. We can move dates and switch between weekly, fortnightly or monthly if that keeps the plan comfortable.

Will a pay rise or new role be considered?

Yes. Provide recent payslips or an updated contract and we will include it in the assessment. We rely on current, banked income rather than promises down the track.

Can I use this to tidy up two small balances?

Yes, within the $5,000 limit. Check the total cost and the finish date so consolidation leaves you better off overall.

What happens if a supplier’s quote changes mid‑process?

Before you accept, ask us to refresh the amount. After acceptance, changes usually require a reassessment, so it is best to confirm quotes first where possible.

How are extra repayments treated?

You can pay extra or pay out early without a fee. Where interest or monthly fees apply, they are recalculated to your payout date, which can reduce the total cost.

Will this appear on my credit report?

A credit enquiry may be recorded when you apply. On‑time repayments can support a stronger profile over time, while missed payments can have the opposite effect.