24/7 Loans For Unemployed From $300 To $10,000 Available Online

Are there 24/7 loans for unemployed? Monzi’s here to explain. Apply through our lender-finder service for cash loans from $300 to $10,000. We could match you with a lender in just 60 minutes. Easy applications. No paperwork. Read on to find out more.

Please note, certain ideas and products presented in this article may not be offered by Monzi nor the lenders we work with. This article presents only general information. Consider seeking professional financial, taxation, legal or other advice to check how the information and ideas presented on this website relate to your unique circumstances.

What are 24/7 loans for unemployed individuals?

Are you currently out of a job? You may think that no lender will be prepared to offer you a loan. While it can be difficult to secure approval, it may not be impossible. With 24/7 loans for unemployed, you may be able to borrow the cash you need.

In short, these loans are offered by some lenders to Aussies who are unemployed. Best of all, they’re available 24/7, meaning that you can apply anywhere, anytime. As a result, they could be an option if you encounter an emergency expense that can’t wait.

At Monzi, we can potentially match you with lenders offering these loans from $300 to $10,000. However, for your application to be approved, you must demonstrate that you are earning some form of consistent income (e.g. benefit payments). Without this, lenders will not approve your application.

Finally, if you haven’t got a job, then taking out a cash loan may not be right for you. These loans may incur high costs via interest and fees, meaning you may be better off seeking out alternatives to cover your short-term cash needs.

Monzi and 24/7 loans for unemployed Australia

So, you’re after 24/7 loans for unemployed and you’ve stumbled across Monzi. At this point, you’re probably wondering who we are. Well, allow us to introduce ourselves.

In short, Monzi is a leading Aussie lender-finder service. That means that we match everyday borrowers like you with a range of credit providers from our lender-network. Just apply and we’ll get to work. In some cases, we might match you with a lender in only 60 minutes.

Best of all, you can potentially borrow cash amounts from $300 to $10,000 with manageable repayment terms ranging from 12 to 24 months. Moreover, we may be able to match you with lenders willing to consider your application if you are unemployed or have bad credit. However, approval is not certain.

As a guide, potential loans offered by the lenders in our network can be seen below:

24/7 loans for unemployedAmount ($)Approved?
Unsecured loans for unemployed$1,000
Fast cash loans for unemployed$2,000
Instant cash loans no credit check unemployed$5,000

Note that this table is for demonstrative purposes only and does not necessarily reflect the loan you will be offered.

Are there any 24/7 loans for unemployed with bad credit?

So, you’ve no job. Not only that, your credit isn’t the best either. In these situations, there is no doubt that it may be difficult to receive approval for a loan. However, don’t lose hope. Monzi may be able to help.

Through our days as a lender-finder service, we’ve made sure to develop a network of understanding lenders. With this, they understand that not every applicant will be perfect. As a result, if you’ve got bad credit, it’s not necessarily the be-all and end-all of your application.

In short, some lenders that we work with will look at more than just your credit. In other words, by assessing your income and expenses, lenders may determine what repayments could be affordable for you. As a result, your lender may still consider approving your application if you earn a consistent income and have your budget under control.

However, approval is not certain. While lenders may consider applicants with bad credit, if you are unemployed too, then your application may not be approved. Ultimately, though, your lender will determine your outcome.

What about unemployed loans with no credit check?

As a lender-finder service, Monzi will not conduct a credit check on your application. However, as part of your loan assessment, the lender that you are matched with may. As a result, Monzi cannot say if a lender will offer you a no credit check loan as an unemployed individual.

Generally speaking, most lenders will consider credit checks to be a necessary step to determine if you should be offered a loan. After all, past behaviour is often the best indicator of future behaviour. However, in some cases, lenders may offer loans without conducting a credit check. Although this will be on a limited basis and will depend on the lender you are dealing with.

In any case, credit checks aren’t always the end of the world. At Monzi, we work with lenders who look at more than just your credit. So, if you’re unemployed and have bad credit, you may still be considered for approval, if you are in a secure financial position. However, approval is not certain.

Can I get 24/7 loans for unemployed on Centrelink?

Yes, this may be possible.

If you’re unemployed and need a loan, then you must show that you are earning some regular income. In some cases, lenders may be willing to accept Centrelink payments as a form of income. As a result, your application may be approved if the loan repayments would be affordable for your budget.

However, lenders may vary in their policies towards these payments. While some may view them as income, others may not. Moreover, lenders may view certain payment types differently too. As a result, approval may depend on the lender you are matched with. Given this, Monzi cannot say if your application will be approved.

If you would like to apply for a loan on Centrelink, head to the top of the page. Use Monzi’s loan slider to apply for 24/7 loans for unemployed from $300 to $10,000 now.

Will I be approved for small unsecured loans if I’m unemployed?

Expenses come in all different shapes and sizes. While on some occasions they will be significant and serious, on others, you’ll just be looking for a small amount to cover a minor shortfall.

If this is the case for you, then why not let Monzi assist you. In short, we work with a network of lenders, some of whom may offer the small cash loans you need as someone who is unemployed. You can apply from as little as $300 and potentially have that repaid in just 12 months.

Use Monzi’s loan slider to apply today. However, remember that if you don’t have a job or regular income, then your application may not be approved.

Can I receive 24/7 loans for unemployed on the weekend?

In short, you may.

Through Monzi, you can apply at any time, day or night. As a result, if you find yourself faced with a pressing expense on the weekend, then you’re welcome to turn to Monzi. From there, we’ll do what we can to match you with a lender who may be willing to consider offering weekend loans to people who are unemployed.

Unfortunately, though, Monzi cannot guarantee if you will receive an outcome or your cash on the weekend. While we’ll do our best, applications received on the weekends often encounter delays. After all, lenders usually do not process applications during these times. As a result, you may not receive an outcome until the following business day.

What’s the difference between payday and personal loans for unemployed?

One of the key questions when it comes to lending is ‘what are payday loans Australia?’ While you may have heard them mentioned, you may never have received a clear explanation. Luckily, Monzi can help.

In short, payday loans typically refer to cash loans up to $2,000. Lenders offering these loans will often process your application fast so that you might receive an outcome before you know it. However, it’s worth noting that these loans often come with brief repayment periods.

One alternative to a payday loan could be a personal loan. At Monzi, we work with lenders who offer personal loans from $300 to $10,000. Not only that, these loans may come with manageable repayment terms of between 12 and 24 months, depending on the amount you borrow.

So, if you’re unemployed and need a loan, then consider applying with Monzi. However, remember that you must repay more than what you borrow due to the associated interest rates and fees. As a result, it may be more appropriate to consider other options if you don’t have a job.

24/7 loans for unemployed: available at any time?

When you’re hunting 24/7 cash loans, you want the freedom to apply whenever. Luckily, Monzi’s able to provide that.

In short, our website is active 24 hours a day, seven days a week. As a result, it doesn’t matter what time you decide to apply for a loan online, Monzi’s always there. This can be a huge relief when you’re dealing with an emergency expense on the weekend or late at night.

However, you must remember that applications received outside of business hours may encounter delays. As a result, you may need to wait until the following business day to receive an outcome.

Am I eligible to apply with Monzi?

While Monzi’s here to help Aussies all over the country find credit providers online, we do have a few eligibility criteria that you must meet before you apply. No need to worry, though. They’re relatively straightforward.

So, before you begin, make sure you tick these four boxes:

  • An Australian citizen or permanent resident.
  • At least 18 years old.
  • Have a current email address and mobile phone number.
  • Hold an online bank account with at least three months of history.

Note that if you fail to meet any of the above criteria, then your application may not progress. Moreover, meeting these criteria does not guarantee that your application will be approved. If we successfully match you with a lender, then they will conduct their own assessment of your application.

How do I apply?

So, if you’ve ticked the eligibility boxes, what now? Well, the only thing left to do is apply!

With Monzi, you can apply in a quick and stress-free manner. As a result, you can get on with your day sooner. After all, nobody wants to spend hours filling out tricky loan applications.

So, when you’re ready to apply, just follow these simple steps:

  1. Select your loan amount and repayment term using Monzi’s loan slider.
  2. Enter the necessary details and then submit your application.
  3. Relax while Monzi attempts to pair you with an available lender that’s willing to assess your application.
  4. If we successfully pair you with an Aussie lender, then we’ll pass your application onto them. From there, the lender will contact you to begin the assessment process.

That’s all there is to it. So, if you’re looking to apply for 24/7 loans for unemployed individuals, why not give Monzi a try?

woman searching phone for 24/7 loans for unemployed

Can I get a loan with no income?

No.

If you are unemployed and receive no income, then your application will not be approved. After all, lenders must see that you have the capacity to repay any money you borrow. Without income, this will not be possible.

In addition to this, if you receive no income, then it’s likely that applying for a personal loan would not be an appropriate option anyway. While these products may allow you to access the fast cash you need today, there are often significant costs involved.

What’s the best way to find fast cash loans for unemployed?

While we can’t say for sure, one easy way to find lenders online offer fast cash could be to apply with Monzi. With this, rather than spending your day scrolling through endless search results, you can just submit one easy application through our website. From there, we could match you with a lender offering the cash loans for unemployed individuals you need.

At Monzi, we aim to cut out the hassle. Our process is designed to be stress-free and simple so that you can access online credit providers with minimal fuss. While we do work with many understanding lenders, keep in mind that being unemployed may make it difficult to secure approval. Moreover, approval is not certain.

How much can I borrow if I’m unemployed?

In short, this will vary based on your financial situation. While Monzi works with lenders who offer loans from $300 to $10,000, if you are unemployed, then the full range of products may not be available to you. In other words, after assessing your financial situation, lenders may only offer you a loan up to a certain amount (e.g. $2,000).

In addition to this, if you are between jobs, then borrowing likely isn’t the best option for you. So, while it may be possible for you to be offered a loan through Monzi’s lender-finder service, you may need to instead investigate other options such as additional government support. After all, taking out a personal loan can often come with high costs in the form of fees and interest.

What expenses can 24/7 loans for unemployed cover?

If you’re unemployed but need a loan today, then Monzi may be able to help. In short, every day we match Aussies borrowers with lenders offering cash amounts online from $300 to $10,000. Best of all, you may use these loans to cover a multitude of personal expenses.

As a guide, some of the most common reasons for applying with Monzi include:

  • Debt consolidation
  • Travel expenses
  • New furniture or technology
  • Rental bond
  • Car repairs and servicing
  • Household maintenance (e.g. emergency plumbing)

However, remember that this is not an extensive list. Moreover, if you are unemployed, it may be a good idea to consider other options (e.g. government support) that could help you cover your immediate expenses.

Are there any alternatives to 24/7 loans for unemployed?

Yes.

While 24/7 cash loans for unemployed individuals could be one option if you’re short on cash, there are alternatives available. Moreover, in many cases, these alternatives may be more suitable, given the considerable costs often associated with personal loans found online.

So, if you’re after a quick and easy cash injection, you could consider the following:

Centrelink advance

If you receive benefit payments via Centrelink, then you may be eligible for an advance. In short, this involves receiving a portion of your payment early to help you cover an immediate cost. This amount will then be taken out of your payments going forward.

Unfortunately, Monzi is unable to provide further details regarding whether or not you will be able to access an advance payment through Centrelink. As a result, you must contact the relevant organisation to determine if you are eligible and if it is the right choice for you. As a guide, the availability of advance payments may vary based on the type of benefit payment you receive.

Sell your stuff

We’ve all got a few things lying around the house that never get used. Whether it’s an old couch, an unused TV, or even a painting, selling your stuff is often a quick and easy way to get a little extra cash in your pocket today.

While in the past, this process was often a hassle. These days, offloading your belongings is easy. Via Facebook Marketplace and Gumtree, you can post free ads and connect with a range of buyers from your local area. From there, anyone can contact you if they’re interested in the item. It’s as easy as can be.

Pick up odd jobs

If you’ve got a few skills or don’t mind getting your hands dirty, apps like Airtasker can be a quick way to make some easy cash.

All you need to do is download the app and keep an eye out for jobs in your local area. Tasks can range from simple things such as ironing and cooking through to helping someone move house. Best of all, they’ll pay you to do it.

In addition, if you’re particularly adept at certain tasks, don’t be afraid to advertise your services. Whether you’re a tech wizard or a master chef, people are always willing to pay for good help.

Participate in research

Businesses love to get your feedback. Some of them will even pay you for this. As a result, there are a number of websites where you can complete short surveys in exchange for a small reward.

While the payment is often minuscule, over time, it can add up. As a result, if you just need a little extra cash to get by, this may be one option to consider.

In addition, hospitals and research facilities often require paid volunteers to participate in clinical trials. However, do not enter any program without proper consideration of the associated risks.

24/7 loans for unemployed: how long will it take?

Unfortunately, Monzi cannot provide you with an exact timeframe. This is because there are a number of factors that may influence when you will receive your outcome.

If you apply during business hours, then we may be able to match you with an available lender in just 60 minutes. From there, your application will be passed onto them and they will be in touch to begin your assessment. In some cases, if everything runs smoothly, you may receive an outcome on the same day you applied.

However, Monzi cannot guarantee if this will always be possible. As a guide, it’s usually wise to account for a waiting time of up to one business day. Although this can vary depending on the nature of your application.

At the end of the day, if you are looking to minimise your waiting time, you must apply during business hours and provide all the required details. Again, though, processing times may vary.

Can I get cash loans as an unemployed single mother?

Yes, potentially.

At Monzi, we work with some lenders who may consider offering loans to individuals who are unemployed. Having said this, you must still meet certain criteria.

Typically, you must show that you are earning some form of regular income. For some lenders, Centrelink payments may be sufficient. In addition to this, you’ll need to have your budget under control. In other words, you must have a comfortable balance between your income and expenses.

Given this, while it may be possible to access loans if you are unemployed and a single mother, approval is not certain. In short, you must demonstrate that you can repay any money you borrow. As a result, you may need to consider other options that could help you access the cash you need.

How much can I afford to borrow?

In short, Monzi cannot say. The amount that you can afford to borrow will vary based on your income, expenses and other financial factors. As a result, it will always be different for different people, meaning Monzi cannot provide any insights.

Having said this, if you would like to determine how much you can afford to borrow, there are a few tools you can use.

Firstly, budget planners like the one provided by Moneysmart allow you to get an idea of where your money is going and how much you can afford to spend. In addition, you may also use a loan repayment calculator to determine what your repayments could be and how this would fit with your budget. However, calculators can only provide estimates of what your repayments may be.

Finally, as we’ve stated, if you are unemployed, then remember that online cash loans may not be the best choice for you, given the significant costs involved. As a result, you should consider seeking out an alternative option.

24/7 loans for unemployed Australia-wide: Monzi’s here to help

Are you living in the Northern Territory? Maybe you’re way down south in Tasmania. You could even be located on Australia’s beautiful east coast.

Wherever you are, Monzi can help. Our lender-finder service is available Australia-wide. That means that it doesn’t matter which corner of this great country you’re in. You’re always welcome to apply.

How is this possible? Well, we’re a 100% online service. As a result, when you want to connect with Monzi, all you need is an internet connection. There are no physical locations and branches you have to visit. You can apply from the comfort of your own home or wherever you choose.

Just use Monzi’s loan slider at the top of the page to apply today. However, remember that while we may be able to match you with a lender offering loans for people who are unemployed, approval is never certain.

Why was my loan application denied?

Unfortunately, Monzi cannot say. As we are a lender-finder service, we do not conduct your assessments. Given this, you must contact your lender directly with any questions that you might have.

In most cases, an unsuccessful application means that you failed to meet one or more of the lender’s necessary qualifying criteria. As a guide, this could relate to your income, credit history or several other factors.

Finally, always remember that approval is never certain. As a result, there is still a chance that your application may be denied. Moreover, lenders always retain the right to deny applications at their discretion. This may be particularly relevant if you are unemployed.

Why was I offered a loan that’s different from what I applied for?

Through Monzi’s lender-finder service, you can apply for 24/7 loans for unemployed from $300 to $10,000. From there, we attempt to pair you with an available lender from our network willing to consider your application.

However, what happens if a lender offers you a loan? In some cases, it can vary from what you applied for. For instance, maybe you applied for a $5,000 loan, but the lender only offers you a $3,000 loan.

In short, this is not uncommon, but can often be confusing. However, when you break it down, it’s fairly straightforward.

Lenders assess your application to determine if the loan would be appropriate and affordable for your circumstances. While they will always endeavour to offer you the loan you’ve applied for, this isn’t always possible. As a result, they often tweak the terms to make them more appropriate for your situation.

In any case, if you are unhappy with the loan you are offered, remember that you are under no obligation to accept. Simply inform the lender that you no longer wish to proceed.

Contact Monzi

While we’ve done our best to explain 24/7 loans for unemployed, we understand that it’s natural to have questions. That’s why we’re always willing to help.

So, if you’ve got any questions about Monzi or our lender-finder service, get in touch. Send us an email at hello@monzi.com.au and our customer service team will do what they can to get back to you with an answer ASAP. Just keep in mind that we will only monitor this account during business hours.

Finally, remember that Monzi cannot answer questions that relate to cash loans and your personal situation. As a result, if you are unemployed, you must evaluate your financial situation to determine if applying for a loan is the right choice for you.

24/7 loans for unemployed: apply now!

Ready to apply for a cash loan from $300 to $10,000?

Just hit “Apply Now” or scroll up to Monzi’s loan slider at the top of the page. Once we receive your application, we’ll do what we can to match you with a lender who may be willing to assess your application. You could receive an outcome in just 60 minutes.

Ultimately, Monzi may be the fast, easy and accessible way to find lenders online. So, when you’re ready to begin, let Monzi point you in the right direction.

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Factor In

Costs

Two credit cards
Two credit cards

You won't use a penny to apply for our lender-finding service, but here's some costs you could expect from a lender

Loan amount

$300 - $2,000

Terms

12 months

Costs

20% upfront establishment fee

+ 4% monthly fee

Example

Loan Amount of $1,000 over 6 months repayable weekly (25 weekly repayments). $1,000 (Principal Amount) + $200 (20% Establishment Fee) + $240 (fees based on 4% per month over 25 weeks) = $1,440 total repayable in 25 weekly installments of $57.60.

Under the current legislation, most small personal loan providers don’t charge an annual interest rate (you’ll know this as an APR) %. The maximum you will be charged is a flat 20% Establishment Fee and a flat 4% Monthly Fee. The maximum comparison rate on loans between $300 and $2000 is 199.43%. This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate

Loan amount

$2,001 - $4,600

Terms

13 months

24 months

Costs

48% annual percantage rate

67.41% comparison rate p.a.

Example

Loan Amount of $3,000 over 18 months repayable weekly (78 weekly repayments). $3,000 (Principle Amount) + $400 (Establishment Fee) + $1,379.06 (reducing interest) = $4,779.06 total repayable over 18 months with weekly installments of $61.27.

The Interest Rate for Secured Medium Loans is 48%. The Typical Comparison Rate is 67.41% p.a. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate with the lender that finances your loan. Click here to see a worked example.

Loan amount

$5,000 - $10,000

Terms

13 months

24 months

Costs

21.24% annual percantage rate

48% comparison rate p.a.

Example

Loan Amount of $10,000 over 24 months repayable weekly (104 weekly repayments). $10,000 (Principle Amount) + $5,577.12 (Interest) = $15,577.12 total repayable over 24 months with weekly installments of $149.78.

The Interest Rate for Secured Large Amount Loans is 48%. Maximum Comparison Rate is 48% p.a. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate with the lender that finances your loan. Click here to see a worked example.