FAQs

WARNING ABOUT BORROWING

It can be expensive to borrow small amounts of money and borrowing may not solve your money problems. Check your options before you borrow:

• For information about other options for managing bills and debts, ring 1800 007 007 from anywhere in Australia to talk to a free and Independent financial counsellor;

• Talk to your electricity, gas, phone or water provider to see if you can work out a payment plan;

• If you are on government benefits, ask if you can receive an advance from Centrelink:
www.humanservices.gov.au/advancepayments;

• The Government's MoneySmart website shows you how small amount loans work and suggests other options that may help you.

* This statement is an Australian Government requirement under the National Consumer Credit Protection Act 2009.

What's the deal with MeLoan?

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.

Can I apply for a personal loan?

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

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

Can I apply for a small personal loan if I receive Centrelink payments?

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.

How does the loan application process work?

Complete our 8-minute online application
We assess your application
If approved, review and accept the loan terms
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!

What documents do I need for a small personal loan?

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.

Are you going to call my employer when I apply for a small personal loan?

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.

How do I apply for a small personal loan?

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

Can I get a no credit check personal loan?

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.

When can I apply for a small personal loan?

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.

When do I get the fund transfer?

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.

MeLoan Frequently Asked Questions

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