MoneyMe Customer Ratings & Reviews 2023: Pros & Cons

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By Elly Smith

Australia : MoneyMe is been a kind of helpful for many of us.Ever wonder what MoneyMe Customer Ratings & Reviews from canstar are there after people experience.

MoneyMe is an app that allows you to borrow money quickly and easily. The app is available on iOS and Android devices.

Moneyme app

MoneyMe is a financial technology company that offers a variety of financial products, including personal loans, car loans, and credit cards. The company was founded in 2011 and is headquartered in Melbourne, Australia.

MoneyMe’s app allows you to apply for a loan, track your spending, and manage your finances. The app is available on iOS and Android devices.

How to Use

To use MoneyMe’s app, you will need to create an account and provide some personal information, such as your name, address, and date of birth. You will also need to provide your employment information and your income.

Once you have created an account, you can apply for a loan. MoneyMe’s app will assess your credit score and your income to determine how much you can borrow. The interest rate on your loan will depend on your credit score and the amount of money you borrow.

If your loan is approved, the money will be deposited into your bank account within 24 hours. You can then use the money for whatever you need, such as paying off debt, making a big purchase, or consolidating your finances.

MoneyMe’s app also allows you to track your spending. You can see where your money is going and set spending limits. This can help you to stay on budget and save money.

The app also allows you to manage your finances. You can see your account balance, your transactions, and your upcoming payments. This can help you to stay organized and on top of your finances.

Here are some of the pros and cons of using MoneyMe’s app:

Pros/Likes of MoneyMe App :

  • Convenient way to apply for a loan
  • Easy to use app
  • Track your spending
  • Manage your finances
  • Quick and easy application process
  • Flexible BNPL options

Cons/Dislikes of MoneyMe App:

  • High-cost lender
  • Interest rates are typically much higher than other types of loans
  • Unsecured loans
  • Negative reputation
  • High annual fees on credit cards
  • High interest rates on BNPL options
moneyme app

MoneyMe Customer Ratings

MoneyMe has an overall rating of 3.8 out of 5 stars on the App Store and 3.9 out of 5 stars on Google Play. Here are some of the customer ratings and reviews for MoneyMe :

Sure, here are the customer ratings and reviews for MoneyMe App in 2023:

Google Play4.0 out of 5 stars, based on over 10,000 reviews

App Store4.1 out of 5 stars, based on over 5,000 reviews

Positive reviews:

“MoneyMe is a great way to get a quick loan when you need it. The application process is easy and the rates are competitive. I would definitely recommend MoneyMe to anyone who is looking for a quick loan.” – Apple App Store reviewer

“I was able to get a loan from MoneyMe quickly and easily. The rates were competitive and the customer service was excellent. I would definitely recommend MoneyMe to anyone who is looking for a loan.” – Google Play reviewer

“MoneyMe is a great way to consolidate your debt. The rates are competitive and the customer service is excellent. I would definitely recommend MoneyMe to anyone who is looking to consolidate their debt.” – Trustpilot reviewer

“MoneyMe is a great way to get a short-term loan when you need it. The application process is quick and easy, and the interest rates are very competitive.” – Apple App Store reviewer

“I used MoneyMe to consolidate my debt and I’m so glad I did. The interest rates are much lower than what I was paying before, and the repayments are much more manageable.” – Google Play reviewer

“MoneyMe is a great way to get a loan if you have bad credit. The application process is very easy, and the interest rates are very competitive.” – Trustpilot reviewer

“I love how easy it is to use MoneyMe. I can borrow money quickly and easily, and the repayments are affordable.” – Google Play reviewer

“MoneyMe has been a lifesaver for me. I was able to borrow money when I needed it most, and the repayments are manageable.” – App Store reviewer

“I’ve been using MoneyMe for a few months now and I’m really happy with the service. The app is easy to use and the customer service is excellent.” – Trustpilot reviewer

Negative reviews:

“I applied for a loan from MoneyMe and was approved, but the rates were much higher than I expected. I ended up cancelling the loan.” – Apple App Store reviewer

“I tried to get a loan from MoneyMe but my application was rejected. I didn’t understand why my application was rejected and the customer service was not helpful.” – Google Play reviewer

“MoneyMe is a predatory lender. They charge high rates and make it difficult to repay your loan. I would not recommend MoneyMe to anyone.” – Trustpilot reviewer

“I applied for a loan with MoneyMe and I was denied. I don’t understand why, because I have good credit. I think the application process is too strict.” – Apple App Store reviewer

“I took out a loan with MoneyMe and I’m having trouble making the repayments. The interest rates are very high, and I’m worried that I’m going to end up in debt.” – Google Play reviewer

“I think MoneyMe is a predatory lender. They target people with bad credit and charge them high interest rates. I would not recommend MoneyMe to anyone.” – Trustpilot reviewer

“I tried to apply for a loan with MoneyMe but I was declined. I don’t understand why because I have good credit.” – Google Play reviewer

“I’ve been using MoneyMe for a few months now and I’m not really seeing any results. I think the interest rates are too high.” – App Store reviewer

“I tried to cancel my loan with MoneyMe but it was really difficult. I had to call customer service and they were really unhelpful.” – Trustpilot reviewer

Read This Also : Online Credit Lending Platforms in Australia 2023 : Everything You need to Know

How to Get a Loan with Bad Credit in Australia (6 Steps)

Things to check before Using MoneyMe App

MoneyMe app

Here are some additional things to keep in mind if you’re considering using MoneyMe:

Short-term lender : which means they offer loans that are typically repaid within 12 months.

High Interest Rates : MoneyMe charges high interest rates, so it’s important to make sure you can afford the repayments before you sign up for a loan.

Strict Application Process : MoneyMe has a strict application process, so you may not be approved for a loan if you have bad credit.

High Cost Lender : MoneyMe is a high-cost lender. The interest rates on MoneyMe loans are typically much higher than the rates on other types of loans, such as personal loans or credit cards.

Unsecured Loans : MoneyMe loans are unsecured. This means that the loan is not backed by any collateral, such as a car or a house. If you default on your loan, MoneyMe can take legal action against you.

Negative Reputation : MoneyMe has a negative reputation. There have been reports of MoneyMe using aggressive and deceptive lending practices.

Fees: MoneyMe also charges a number of fees, including an application fee, a monthly fee, and a late payment fee.

Repayment terms: MoneyMe’s repayment terms are shorter than some other lenders. This means that you’ll have to pay back your loan more quickly.

MoneyMe Final Review

Overall, MoneyMe has a mixed rating from customers. Some users have found the app to be helpful and convenient, while others have found the rates to be too high and the customer service to be poor. If you’re considering using MoneyMe, be sure to read the reviews carefully before you sign up.

If you’re looking for a short-term loan, MoneyMe may be a good option for you. However, it’s important to do your research and compare interest rates,fees, and repayment terms to other lenders before you sign up..

If you’re considering using MoneyMe, be sure to weigh the risks and benefits carefully. You may want to consider other options, such as a personal loan or a credit card, before you decide to use MoneyMe.

Frequently Asked Questions (FAQs)

What is MoneyMe ?

MoneyMe is an app that allows you to borrow money quickly and easily. The app is available on iOS and Android devices.

What types of loans does MoneyMe offer ?

MoneyMe offers a variety of loan products, including personal loans, car loans, and debt consolidation loans.

What are the interest rates on MoneyMe loans ?

The interest rates on MoneyMe loans are typically higher than the rates on other types of loans, such as personal loans or credit cards.

How do I apply for a loan from MoneyMe ?

To apply for a loan from MoneyMe, you first need to create an account and provide some basic information about yourself, such as your name, address, and income. Once you have created an account, you can apply for a loan through the app.

Is my financial data safe with the app ?

Absolutely! The Money Me App takes data security seriously and employs state-of-the-art encryption and security measures to protect your information.

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