Insider tips to get the best possible interest rate and strategies to structure your loan to benefit you
A guide from the lending team at MONEYME that uncovers how the lending industry typically reviews loan applications and determines your interest rate.
- Simple steps to boost your credit score and get the best interest rate
- Insider tips on meeting loan criteria and avoiding common mistakes
- Discover how lenders calculate your borrowing power and maximum loan amount
- Preparing your bank statements for success
- Using expert strategies to get a better deal
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BONUS! We'll also send you a 3-part email series that gives you behind-the-scenes insights you should know before you apply for a personal loan.
Why do we want your email?
Our goal is that you'll find our guide and 3-part email series valuable and helpful so that when you decide to apply for a personal loan, you consider getting a quote with MONEYME. Plus, we'll occasionally send you special offers.
You can easily opt-out any time and we guarantee no spam or selling of your data.
A breakdown of what's included
Part 1: What determines your interest rate
- The importance of your credit score to your rate
- Other factors that can influence your rate
- Tips to improve your score before you apply
Part 2: Loan criteria and common mistakes
- Major eligibility factors
- What to avoid doing before you apply
- Why lenders have different eligibility criteria
Part 3: How lenders decide if you can afford a loan
- Understanding what serviceability is
- How it impacts your maximum loan amount and approval
- How lenders typically calculate and benchmark expenses
Part 4: How lenders decide if you can afford a loan
- Overview of why lenders use bank statements
- Red flags that you can easily avoid
- Providing your bank statements securely online
Part 5: Expert strategies to get a better deal
- How to spot a good offer
- Selecting the right loan terms to suit your needs
- Consolidating credit cards when you apply
Who is MONEYME?
We've helped over 450,000 Australians achieve their goals with our award-winning personal loans, car loans, credit cards and credit score tool. We're a responsible lender and BCorp Certified, meaning we care for our people and planet which is measured and held accountable each year.
Get a copy sent to your inbox!
BONUS! We'll also send you a 3-part email series that gives you behind-the-scenes insights you should know before you apply for a personal loan.
Trusted by over 110,000 Aussies
Purpose-driven
and responsible
At MONEYME, we're not just here to provide low rate loans - we're here to make a difference. We believe in providing smart, responsible lending that keeps you financially on track, whilst doing good for the planet.
As a Certified B CorporationTM we're big on sustainability. We hold ourselves accountable to the high standards of the B Corp movement, supporting renewable energy projects, doing our part for the community, and striving towards a greener future.
Explore our impact
Get a copy sent to your inbox!
BONUS! We'll also send you a 3-part email series that gives you behind-the-scenes insights you should know before you apply for a personal loan.
MONEYME acknowledges Aboriginal and Torres Strait Islander peoples as the first people and Traditional Custodians of the land and waterways throughout Australia. We recognise their continued connection to culture, community and Country, and pay our respects to Elders past and present. Learn more about our commitment here.
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