MoneyMe pays down $32m in debts, plans expansion on electric vehicle loan discount

The rising tide of interest rates is doing little to blunt the appetite of consumers to purchase vehicles, but credit card spending has taken a slide, according to the boss of ASX-listed lender MoneyMe.

MoneyMe, which launched a new electric vehicle discount product in the market on Friday, is banking on growing interest in newer vehicles to drive business.

The lender has run the numbers on its product offer, which offers electric vehicle loans at a one per…

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