Bad Credit Loans Australia Guaranteed Approval? Monzi Loans!

Bad credit loans Australia guaranteed approval. Are they safe? Apply for a Monzi personal loans from $2,100 to $15,000 instead. Apply now!

While Monzi does not offer guaranteed approval loans, we may be able to pair you with a lender offering bad credit loans.

Bad credit loans: what are they?

In short, bad credit loans are a type of personal loan that lenders may offer to borrowers with a few blemishes on their credit report. Typically, these loans for poor credit are hard to access given that a bad credit history is often an indicator of an unreliable borrower. As a result, some lenders may be hesitant to offer these products.

Having said this, over the past few years, there has undoubtedly been a change in philosophy. Now more than ever, a handful of lenders are willing to consider bad credit applicants. To do this, they’ve shifted their focus. Monzi can assist you in finding a lender who looks beyond your credit score.

While lenders will still assess your credit history, they may focus on your budget too. By analysing your income and expenses, lenders can establish an idea of what might be affordable for you. As a result, if you are in a secure financial position, then you may be able to access bad credit finance despite your credit history. Learn more about payday loans here.

However, approval is not certain. The availability of these loans may depend on the lender that you are dealing with. Read more about fast cash loans bad credit here. Learn more about no credit check payday loans australia here. Learn more about cash loans perth here. Learn more about payday loans no credit check here. Learn more about personal loans bad credit instant approval here. Read more about cash in 1 hour no credit checks here.

What loans are available for bad credit customers?

Monzi works with lenders that may be able to offer bad credit loans from $2,100. If, however, you are looking for something a little larger, lenders may be able to offer secured loans from $2,100 to $15,000 repaid over 13 to 24 months! These larger loans must be guaranteed by one of the borrower’s assets, such as a car, motorbike, caravan or boat.

If you’re looking for bad credit loan, you can apply online for cash loans for bad credit, right now with Monzi. Our loan application is completely online, so you can apply 24/7. Be aware, lenders will have their own operating times, so if you apply outside of business hours, you may receive your outcome the following business day. Read more about secured bad credit personal loan here.

Bad credit consumers can apply online with Monzi in minutes. While we can never promise if you will be matched with a lender, we’ll try our best no matter what. In other words, apply with Monzi and we’ll always do what we can to help, regardless of your credit score or whether you receive Centrelink payments.

You could apply and Monzi might match you with a lender in no time. So, why wait? Scroll up and apply. Read more about boat loans here.

Struggling with a poor credit history and seeking a loan can be challenging. However, in Australia, there’s a glimmer of hope for individuals in such circumstances. Monzi Loans stands out as a beacon for those navigating the tumultuous waters of bad credit. While no lender can promise 100% guaranteed approval, Monzi Loans has carved a niche in connecting applicants with lenders who might be more understanding of their credit situation. It’s a platform where Australians with imperfect credit might find a second chance at securing a loan, highlighting the evolving landscape of flexible lending in the country.

What about guaranteed approval?

If you’re searching online for bad credit loans, chances are you need extra cash in your pocket fast! Guaranteed approval may seem to offer that level of reassurance you’re looking for.

At Monzi, we completely understand why guaranteed approval loans for bad credit applications may be attractive if you have very bad credit. However, we only work with lenders who take their responsible lending obligations seriously.

The lenders we work with, however, understand what life is like in modern Australia. They get the pressures everyday Aussies have to face every day. After all, both Monzi and our network of lenders are just that – everyday Aussies.

When you’re already struggling to stay on top of your expenses, and then your fridge decides to break down, there is often very little wiggle room left in your budget for repairs. In these situations, if you need a lender, consider Monzi’s lender-finder service. If you meet the necessary criteria, you may be offered loans for people with bad credit.

What does guaranteed approval mean?

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Generally, lenders will conduct some sort of assessment on your application. In particular, they will look at things like your credit score, your employment status as well as your income and expenses.

Any lender, however, offering guaranteed loans no matter what Australia, will disregard all of this. They will, instead, approve your loan application whatever your circumstances.

While instant approval loans, and some payday loan for people with bad credit score may seem initially attractive, these lenders should not be trusted. In short, they may be a scam. Learn more about very bad credit loans guaranteed approval australia, small loans bad credit, easy approval loans, no credit check loans guaranteed approval australia, guaranteed loan approval no credit check, loans for bad credit australia, guaranteed loan approval no credit check, loans for bad credit australia, bad credit loans asap and small loans bad credit australia here.

Are no credit check loans available and are they better than bad credit loans?

People often view no credit check loans as an alternative to bad credit loans. In short, with these fast cash loans, your lender will bypass examining your credit and simply focus their assessment on your financial situation. As a result, they may be an attractive option for borrowers who could otherwise look for small loans with bad credit.

However, in most cases, they will not be offered as credit checks are one important tool that lenders use to assess your suitability for credit. Moreover, if you apply with Monzi, we cannot guarantee if a credit check will occur.

As a result, you may only be able to access instant no credit check loans through a small number of lenders.

Finally, keep in mind that loans without a credit check aren’t your only option as a bad credit borrower. As mentioned, plenty of lenders now offer bad credit cash loans. With these loans, a credit check won’t be the be-all and end-all of your application. That said, bad credit personal loans guaranteed approval no credit check won’t be offered by lenders within Monzi’s network.

Unemployed loans for bad credit guaranteed approval

While we’ve discussed why guaranteed approval loans for bad credit applications are not possible, it’s worth looking at loans for unemployed people too. In short, while they may be possible, in most cases, they will not be offered.

This is because if a lender is going to allow you to borrow money, they want to be sure that you will repay it. As a result, you will not be approved for a loan without a regular income source.

Obviously, if you’re unemployed, then you may not be receiving a consistent income. However, if you receive Centrelink benefits payments, then some lenders may accept this as a source of income.

That said, approval is never certain. While some lenders may offer unemployed cash loans, most will not. Moreover, simply receiving income is not enough to ensure that your application will be approved.

Same day bad credit loans

With same day loans, you can apply, be approved and have your cash in your account on the day you apply. While that all sounds great, unfortunately, Monzi cannot say whether these loans will be possible. The application and assessment process involves many steps, meaning that it’s often a good idea to expect a waiting time of up to one business day.

In any case, if you’re looking to speed up the process, then there are a few things that you can do.

Firstly, you must apply during standard business hours. In addition to this, you must provide all the necessary documents and information when you complete your loan application.

If you do these two things, then your application and assessment can proceed without delay. In some cases, if you are approved, it may even be possible to receive same day bad credit loans after you sign your contract.

Instant loans vs guaranteed approval loans

While they may be similar products, it’s important to understand the difference.

On the one hand, guaranteed approval refers to loans where you will be approved no matter what. As we’ve already discussed, these loans should not be offered by lenders as they directly contravene Australia’s responsible lending legislation.

On the other hand, instant loans refer to loans that are processed so swiftly that it feels like you receive an outcome in no time. In reality, your lender will assess your application, meaning there will be some processing time involved. Moreover, approval is not certain and lenders may reject your application where they see fit. In any case, instant loans for bad credit may be possible.

Bad credit loans Australia – what to look out for

Despite contravening responsible lending obligations, there may still be lenders advertising guaranteed loans no matter what Australia. If you come across one such lender, then ensure you steer clear.

Below is a table outlining some popular loan types that may be advertised with guaranteed approval and their responsible, legitimate alternatives that you must consider instead.

Guaranteed approval loanLegitimate alternative
Bad credit personal loans guaranteed approvalPersonal loans for bad credit
Bad credit cash loans guaranteed approval CentrelinkCash loans for people on Centrelink
Online loans for bad credit guaranteed approvalOnline loans bad credit Australia
Payday loans guaranteed approval AustraliaPayday loans
Very bad credit loans guaranteed approvalLoans for very bad credit

I found a lender offering guaranteed approval bad credit loans $15,000

Stay away from any lender offering guaranteed approval loans for bad credit applications Australia. It doesn’t matter whether it’s a $2,100 loan, a $15,000 loan or $10,000 loan for bad credit.

If they promise to approve you no matter what, you should cease contact with them immediately.

This may be a scam. Therefore, it is best to contact ASIC as soon as possible or report the scam through the Australian Competition and Consumer Commission’s Scamwatch website.

bad credit loans Australia guaranteed approval

I’ve been offered guaranteed approval

There is a chance it may be a scam if a lender is offering guaranteed approval loans, whether you have very bad credit or not. In short, these lenders may be less-than-reputable.

To verify a lender’s legitimacy, you can see if they are listed with ASIC through the relevant register. Alternatively, you can see whether they appear on ASIC’s list of companies you should not deal with.

If you feel you are being scammed, you should cease all contact with the lender immediately, and get in contact with ASIC.

I have bad credit and receive Centrelink but need a loan

If you are in this situation, you may feel like your options are limited. In addition, dodgy lenders are aware you feel this as well. Therefore, they may target people in your situation, offering bad credit cash loans Australia guaranteed approval on Centrelink.

Are you wondering can I get a legitimate emergency loan with bad credit? Put simply, the answer is yes.

There are lenders out there who may be able to offer cash loans for Centrelink customers with bad credit. Generally, these lenders will assess if your loan repayments will comfortably fit into your regular Centrelink payments.

I need very bad credit loans with guaranteed approval

Unfortunately, this won’t be possible. You may be searching for very bad credit loans with guaranteed approval, however, lenders cannot offer these credit products. While some lenders might be willing to consider Aussies borrowers with subpar credit, you won’t be offered a loan without an assessment. Therefore, you won’t get a loan no matter. All outcomes are subject to assessment.

Can Monzi find guaranteed approval?

No, Monzi is unable to find lenders offering guaranteed approval. Instead, Monzi provides a lender-finder service that can give you peace of mind.

Monzi’s automated system will get to work within minutes of completing our online form. Here, we’ll scan through hundreds of different loan products to try and find you a lender who may be able to help.

You can rest assured we only work with legitimate lenders licensed by ASIC. In particular, Monzi’s network of lender partners may offer personal loans of up to $15,000.

Therefore, you can be sure Monzi never works with lenders offering guaranteed approval.

How can I get a loan quickly with bad credit?

If you need a loan for bad credit quickly, don’t be tempted by dodgy lenders.

Instead, consider using Monzi’s lender-finder service. After all, our service has been designed to be as simple as possible.

Depending on when you apply, we may even have an outcome for you within minutes. However, this is only possible if you apply during business hours.

Next, if we manage to pair you with a lender, they’ll take it from here. Depending on the lender themselves, they may be able to process your application quickly. Access to funds, however, is dependent on the lender themselves as well as inter-bank transfer times.

Which company is best for bad credit?

It is difficult to say which credit provider offers the best cash loans for bad credit. After all, everybody is different. Therefore, a credit provider that may be the best option for one consumer may not be the best for another.

However, Monzi may be able to match you with a lender who may offer the cash loans you need. In addition, you can rest assured knowing that you will never be matched with a lender offering guaranteed approval loans.

In short, any lender Monzi pairs with you will conduct their own assessment.

So, I can’t even get small loans for bad credit with guaranteed approval?


It doesn’t matter whether you’re after a $2,100 bad credit loan with guaranteed approval or a $15,000 loan, lenders are bound by the same responsible lending obligations. As a result, the availability of guaranteed approval loans for bad credit applications will not vary based on the amount that you apply for.

Can I access bad credit loans from anywhere?

Yes. You can apply for bad credit cash loans all over Australia. However, we cannot match you with lenders offering guaranteed approvals on loan applications.

In any case, the best thing about Monzi is that our service is 100% online. As a result, you can access it from anywhere in Australia. Whether you’re in the bush or the city, Brisbane or Perth, it doesn’t matter to Monzi. As long as you have an internet connection, you can apply with Monzi.

In addition to this, our website is live 24 hours a day, seven days a week too. So, not only can you apply from anywhere, you can apply at any time as well. We’re always ready and waiting to accept your application. However, note that applications received outside of standard business hours may encounter delays.

Contact us

Is there something you’re unsure about or just want to know more about Monzi? That’s OK.

At Monzi, we understand that it’s natural to have questions, especially if you’ve never applied for a loan before. That’s why we’re always here to answer any questions that you might have.

Simply email us at [email protected] and our wonderful customer service team will aim to get back to you with a reply ASAP. However, keep in mind that we only monitor these emails during business hours.

Avoid guaranteed approval!

Finding instant online loans might be easy with Monzi’s lender-finder service!

If you have any further questions, check out our FAQs page.

Alternatively, find more Monzi over on Facebook, Instagram, Twitter and Pinterest.

Factor In Costs

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


16 days (minimum)

12 months (maximum)


20% upfront establishment fee

+ 4% monthly fee


Representative example based on a loan of $1000 over 6 months a borrower can expect to pay a total of $1440.

Disclaimer: Under the current legislation, all Small Amount Credit Contract loan providers don’t charge an annual interest rate. The maximum you will be charged is a flat 20% Establishment Fee and a flat 4% Monthly Fee. The minimum loan term is 16 days and maximum loan term is 12 months. Representative example based on a loan of $1000 over 6 months a borrower can expect to pay a total of $1440.

Loan amount

$2,100 - $4,600


12 months (minimum)

24 months (maximum)


47.8% Annual Percentage Rate (APR)

65.85% Comparison Rate p.a.


Representative example based on a loan of $2500 over 24 months a borrower can expect to pay a total of $4,556.88.

The maximum interest rate for a Medium Amount Credit Contract is 47.8%. Comparison Rate 65.85% p.a. The maximum loan term is 24 months. Representative example based on a loan of $2500 over 24 months a borrower can expect to pay a total of $4,556.88. WARNING: This comparison rate is valid 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. Credit criteria and terms and conditions apply.

Loan amount

$5,000 - $15,000


12 months (minimum)

24 months (maximum)


47.8% Annual Percentage Rate (APR)

47.8% Comparison Rate p.a.


Representative example based on a loan of $10,000 over 36 months a borrower can expect to pay a total of $18,995.04.

This is an estimate only and the comparison rate based on the example information provided. Other fees, costs and charges are not included. This calculation is not an offer for credit.The maximum interest rate for a Personal Loan is 47.8%. Comparison Rate 47.8% p.a. The maximum loan term is 24 months. Representative example based on a loan of $10,000 over 36 months a borrower can expect to pay a total of $18,995.04. WARNING: This comparison rate is valid 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. Credit criteria and terms and conditions apply.