Ugo Money

Urgent top up to your bank account? Get cash within minutes with Ugo.

Ugo is a leading provider of fast access to loans - licensed as an Australian Credit Provider since 2008. The Ugo app manages your credit application with a process that is smooth, convenient and fast.

Create a Ugo account to securely apply for credit and check your existing accounts. With the Ugo app you can check your balance, your upcoming payments and your payment history for each of your Ugo accounts, and apply for a new loan when you need it. The built in message function allows you to securely send and receive messages from Ugo. So if anything pops up, you always have a quick and secure way to get in touch and get tailored, individual service.

Can I get paid instantly?

Yes, if you're with any major bank (eg CBA, ANZ, Westpac, NAB etc), once your loan is approved the transfer of your loan funds is instant. Smaller banks can take from a few hours up to 1-2 business days.

How much does Ugo cost?

The app is free to download and apply for a loan. If you get approved, you'll be offered a credit contract tailored to your needs with fees, terms and charges clearly explained. Our fee statement below makes our fees simple and up front. Any of the below fees that apply to your loan will also be stated in your loan contract. Loans are governed by Australian lending regulations, only permitted fees apply.

Disclosures Related to Applications for Credit:

All loans have a minimum repayment period of 60 days, and the maximum repayment period for loans is 12-24 months.

SACC Loans - Loans from $0 to $2,000

Loans up to $2,000 are referred to as SACCs (Small Amount Credit Contracts)

Establishment Fee: 20% of the principle borrowed a one-off fee at the beginning of the loan

Monthly Fee: 4% of the principle borrowed

Charged per month or part thereof, where there is an outstanding debt balance

There is no APR applicable to Small Amount Credit Contracts

MACC Loans - Loans from $2,001 to $5,000

Loans from to $2,001 to $5,000 are referred to as MACCs (Medium Amount Credit Contracts)

Establishment Fee: $400 (a one-off fee at the beginning of the loan)

Interest: 47.5% per annum charged monthly in arrears

Comparison Rate: 65.7% (see example loan below)

There are no extra fees for early payment of the loan.

Example Loan

Loan Advance $2,500.00

Establishment Fee $400.00

Amount Financed $2,900.00

Interest Rate 47.5% pa

Loan Term 24 months

Payments: 24 due Monthly

Regular: $189.45

Final: $189.08

This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different rate. This is a prescribed calculation, Ugo may not offer loans for $2,500 over a term of 2 years.

Late or Missed Payments

Dishonour Fee $15

Charged each time a direct debit or other payment is not made in full and on time

This fee includes our reasonable internal administrative costs and external third-party costs

Default Fee $27 per 7 days

To cover reasonable costs of administering your account while it remains in default

Reschedule Fee $15

Charged each time a repayment is rescheduled

This is a service fee which includes our reasonable internal administrative costs This fee is not charged on SACC accounts

Enforcement Expenses

The costs paid to third parties to recover accounts in default

Where can I get help?

You can message us through the app, or by email to ugo@ugo.money. If you happen to be in Melbourne, you can also visit our retail store at 197A Lonsdale St Dandenong.

Who is Ugo Money and who provides the loans?

Ugo Money is the name of the app made by Ugo Ugo Pty Ltd, which is also the lender of the funds, and holder of the Australian Credit Licence 439604.