Bad credit loans for emergencies? Let Monzi find you lenders.

bad credit loans

Monzi is a lender-finder service that can find you lenders offering bad credit loans of up to $10,000. With one application, we will sort through multiple lenders to find you an available credit provider that might be able to provide you with a loan.

Bad Credit Loans Australia

There’s nothing more panic-inducing than needing money (that you don’t have) to deal with an emergency. Unless, of course, you also have bad credit standing in the way of your bucks! So, if this sounds like your situation right now, you’re no doubt wondering if there’s any such thing as bad credit loans?

We’re pleased to tell you that when you apply via the Monzi Fast Loans loan-finding service… yes, there is!

We know how it is. First of all, your car breaks down at the worst moment. Your hot water system gives up in the middle of winter. Finally, you lose your job and realise how little attention you paid to your savings account. Whatever your reasons for needing the cash advance, we can help you find a lender to provide you with it. Borrow money 100% online now! Find your quick cash loans here.

We specialise in finding bad credit loans

While we can’t guarantee approval of your loan application, we can guarantee that we’ll try and match you up with a lender that might be able to help you out with small loans and bad credit loans!

What are bad credit loans?

Bad credit loans allow people with bad credit to borrow money. Borrowers are able to spend these loans on any unexpected personal expenses, such as bills, or to cover temporary cash shortfalls. Bad credit loans are specifically for people with bad credit. So, if you have experienced credit default or bankruptcy in the past, a bad credit loan may be an option for you.

Monzi is a lender-finder that works with lenders who are willing to look past bad credit. Consequently, Monzi is able to find lenders that offer bad credit loans of up to $10,000.

How to get personal loans with bad credit

Having bad credit may reduce the number of loan options available to you. Traditional lenders like banks are typically more unlikely to approve you for a loan if you have bad credit. Therefore, you may consider applying with a short term lender. Short term lenders have, in general, much more lenient lending criteria.

Monzi is able to find you such short term lenders. By using Monzi’s service, you can be put in contact with an available lender who may be able to offer a bad credit loan of up to $10,000.

How to consolidate loans with bad credit

If you have multiple debts and repayments, it may be a good idea to consolidate your debts with a consolidation loan. A consolidation loan simply pays off your existing loans, so you are left with one, more manageable repayment. So, even if you have bad credit, you may be approved for a consolidation loan. Monzi can find you lenders who may offer bad credit consolidation loans. So, with one application, you could be put in touch with lenders offering consolidation loans of up to $10,000.

Where to get loans with bad credit

A bad credit loan is a type of personal loan that is offered to borrowers with bad credit. There are lenders willing to offer personal loans to people with bad credit. Many of these lenders can be found online.

Monzi works with lenders that are happy to consider offering personal loans to borrowers with bad credit. These lenders will give your loan application a fair assessment, and not just solely focus on your credit score. So, to get in touch with an available lender, scroll up to the loan calculator at the top of the page to get started.

How can I get a loan without a credit check?

If you are looking for a loan, but are concerned your bad credit will prevent you from being approved, you have the option of applying with a no credit check lender. No credit check lenders, however, may charge you exorbitant interest rates and have misleading fees and charges. Monzi may be able to find you an alternate lender option.

Here at Monzi Loans, we understand. So, that’s why we aim to find lenders that look at more than just your credit score. We may not be able to guarantee no credit checks, but we’ll certainly do our best to find you a lender that can say ‘yes’ to the cash advance you need. Therefore, we can find lenders that offer quick cash loans starting at $300 and going up to $10,000! So, if you find yourself in need of fast loans, apply today with Monzi Loans.

How to apply for loans with bad credit

Applying for bad credit loans couldn’t be easier. Everything is done online, and Monzi will help get the ball rolling. Therefore, all you need to do is the following.

1. Scroll on up to the top of the page and select a loan amount and desired repayment period. From there, you’ll be taken to our application form.

2. Once you’ve submitted your application, we’ll get to work doing what we do best – finding lenders. We’ll try to find you an available lender who may be able to offer the loan you’re looking for.

3. If we’re successful, you should have a response within a few minutes. If you agree to the lender we find for you, you’ll then deal directly with them.

How did I get a bad credit score?

There are several ways to negatively affect your credit score. Generally, missing and defaulting on repayments will adversely affect your credit score.

Additionally, applying to several different lenders can add an enquiry on your credit file. This can also make it harder to get your loan application approved. In contrast, if you use Monzi’s lender-finder service, you only need to make one application.

How can I fix my bad credit?

Unfortunately, there is no quick-fix to repairing your credit score. So, in order to repair your credit score, you will need to consistently show that you’re able to borrow credit and repay responsibly.

You’re able to get a copy of your credit report through Equifax.

How can I get fast money with bad credit?

At Monzi, we understand that when you need credit, chances are you need it fast. So, that’s why we’ve designed our lender-finder service to be as quick as possible. Once you’ve filled in our application, we could have a response back to you within a few minutes. From there, you’ll deal with your lender directly.

Introducing Monzi Loans

We are not lenders, we are cash loans lender-finders. Our job is to help partner you up with a lender who might be able to help you out.

It could take you hours, if not days if you were to do your own research into bad credit loans online. So, we’re here to cut that time down exponentially and cut the stress from the process.

Monzi Fast Cash Loans has done the hard work for you. As a result, you save yourself the time and stress that often goes hand in hand with the process of applying for cash loans for bad credit history. Go here to learn more about bond loan,  secured personal loan, payday loans and payday alternatives and travel loans.

Who can use Monzi Loans?

Before we get into the details of how the application process works, you’re no doubt keen to find out if you qualify to apply. You’re in luck – our basic criteria are super simple! As a result, we have just four things that all applicants will need to meet:

  • First of all, you’ll need to have a working contact number;
  • Never fun to say, but no kids. You need to be an adult. All applicants must be at least 18 years of age;
  • You also need to be an Australian citizen or have permanent residency in the country. Monzi Loans is an Aussie-only service;
  • And, finally, you will need to prove that you have been receiving a regular income into your bank account for at least 90 days

Is Monzi right for me?

After being in the lender-finder game for a while, we’ve realised that people need bad credit loans for all sorts of reasons. So, if you find yourself searching online for any of the following terms, Monzi might be able to find you a lender who can help with a bad credit loan.

Keep in mind this is for demonstration purposes only, and may not reflect the actual terms of your loan.

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Loans for people with bad creditBad credit car loans

Bad credit loans for people on Centrelink

Other than that, we don’t discriminate. Receiving Centrelink? No worries. Bad credit? It’s all good. Learn more about loans for people on Centrelink here.

So, how does it work?

Right, now for the nitty-gritty. The entire process of applying for bad credit loans via Monzi Loans takes place online. There’s no need to leave your home at any point. So, feel free to stay in your pyjamas once you’ve decided to apply for a bad credit loan.

The first step is to visit the homepage of our website. Here, you’ll fill in a form with a few basics. Start by telling us the exact amount that you wish to borrow (move the slider), and how long you’d prefer to have to pay it off. Then let us know if you’d like to pay on a weekly, fortnightly or monthly basis.

What we’ll need from you

We’ll need your name and email address along with your mobile number. From there, click ‘Apply Now’, and the site will redirect you to the next page.

On the second page, we ask you to tell us a little bit about why you want to borrow the money. We don’t need to know every little detail. So, a basic explanation of around 25 characters should be sufficient.

Remember – be honest with yourself and with us. We don’t mind finding bad credit loans for your end of year holiday as long as we’re aware that that’s what it’s for!

We also grab a read-only copy of your bank statements and if we find you a lender, we’ll securely transfer your statement. The whole process doesn’t take too long though, so don’t stress if you have places to be. We’ve made sure it’s as quick and easy as possible.

We’ll then gather all your application information and make sure you match the basic criteria. So, if you do match the basic criteria we then get to work on trying to find you a lender who may be able to help you out with bad credit loans! See, we told you it was fast and painless.

If we’re able to find you a lender you’ll now deal with them directly, our job is done. So, if the lender that we find for you is able to approve you, they will discuss your contract terms with you directly.

It’s as simple as that. After all, you already have enough stress to deal with, so we’re out to make the process as simple and stress-free as possible for you.

Why choose Monzi Loans?

We feel sure that our convenient application process has convinced you to use our loan-finding service. But, just in case it hasn’t, here are a few other reasons that will!

Quick turnaround times

Our application process is speedy and easy. Once you’ve completed your quick application, we’ll get to work on trying to find you the perfect lender as fast as we can. If you apply outside of business hours we’ll get to work on your application first thing next business morning!

Customer service is key

We pride ourselves on trying to make our clients’ lives easier. The fact that you’re applying for bad credit loans is already a sign that you are going through a rough time. We get that. So we try to make everything less stressful for you.

It’s all out in the open

We’re always transparent with our clients. We will never try to hide anything from you that our application process entails. Likewise, we expect our clients to be upfront with us.

We understand that nobody is perfect

The Monzi Loans team isn’t here to judge you. We understand that nobody is perfect and that we all make mistakes. Your bad credit history won’t deter us from trying to find a potential lender to assist you. After all, bad credit doesn’t make you a bad person.

We are Australian lender-finding specialists who have your back. In short, we’re lender-finder specialists helping everyday Australians to find reputable, licenced lenders.

How much can I borrow?

Monzi is able to find you lenders that can offer small, medium and large personal loans.

Small personal loans are loans between $300 and $2,000. Next, we can find lenders offering medium personal loans. Medium personal loans range between $2,001 and $4,600. Finally, Monzi is able to find lenders offering large personal loans that range from $5,000 and $10,000.

Lenders may require security to be attached to their medium and large personal loans. This, however, will vary case by case. Lenders will usually accept assets like your car, motorbike, caravan or boat as collateral. You must, however, be the registered owner of the vehicle to attach it as security.

What about privacy?

While your lender may do a quick employment check, there’s nothing to fret about. Remember, yours is not the first employment check they’re doing, so you can rest-assured that lenders employ well-trained operators. Additionally, they would never disclose any personal information about your application to your employer.

Is there an extra charge for missed or late payments?

Yes – that’s another cost that you need to be aware of. The extra charge for missed or late payments will vary from lender to lender. That said, it will always be clearly outlined in your contract. Regardless of whether you have been granted small or medium bad credit loans, you can expect to pay a direct debit dishonour fee.

If you have any questions regarding the fees and charges associated with your loan, you need to get in contact with your lender directly.

What if a client stops making payments?

If you stop making your repayments, you run the risk of having a default listed on your credit file. This is something that you should try to avoid at all costs!

A default on your credit file will stay there for 7-years and will tarnish your credit score. Along with this, your account could also be passed on to an external debt collection agency. Don’t let this information scare you away though. Generally, this is only the final step for lenders.

If you find yourself in a challenging financial situation, contact your lender and chat about it. It really is the best thing to do. Generally, most lenders will be happy to alter your repayment plan. Additionally, they will also be able to advise you whether or not you are eligible to apply for Financial Hardship.

Whatever you do, don’t stress

Apply, and let us see if we can help you. You’ll be guided through the application process and if we are able to, we’ll find you a lender who can get you an outcome pronto.

Keep in mind you need to read through your loan offer thoroughly and be aware of the terms and conditions of your loan.

So, there you have it. You’re just a few clicks away from the relief of having the lender-finding service you need. Fill in our application now and get one of the best loan-finding services for bad credit loans Australia on your side!

So, there you have it. You’re just a few clicks away from the relief of having the lender-finding service you need. Fill in our application now and get the loan-finding service to trust for bad credit loans Australia on your side!

Apply today!

So, what are you waiting for? If you’re looking for lenders offering bad credit loans, simply scroll on up to the loan calculator to get started.

How customers rate Monzi

Bad credit loans for emergencies? Let Monzi find you lenders. Overall rating: 4.7 out of 5 based on 4 reviews.

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.

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.

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.

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.