Cash Loans Melbourne Available Online – $300 To $10,000

Are you a Melbourne resident that needs cash today? Cash loans Melbourne are potentially available for amounts ranging from $300 to $10,000. Submit one simple application with Monzi and our lender-finder service may have you matched with a lender in no time.

Cash loans Melbourne – an explanation

Home to fine dining, a huge sporting calendar and some brilliant cultural institutions, Melbourne is widely regarded as Australia’s sporting, cultural and fashion capital. While it’s an exciting city to live in, there are plenty of costs that come along with it too.

If you find yourself short on cash, cash loans may be a convenient source of funds for Melbourne residents. You get the cash today while spreading the costs over months or years. That way, there’s no need to compromise your current budget.

Best of all, the process is 100% online and you can potentially have the cash in your account on the same day you apply.

Ultimately, Monzi is here to help Melbourne residents. We work with a range of lenders who can offer loans of just $300 all the way up to the sizeable sum of $10,000. Submit an application with Monzi and we might be able to put you in touch with a lender who may provide you with the cash you need.

Examples of Melbourne loans are listed below. Keep in mind, the information presented may not reflect the loan you might be offered.

Cash loans MelbourneApproved
Cash loans fast
Quick cash loans
Cash loans Melbourne CBD

What does Monzi do?

Put simply, we are a lender-finder service. Therefore, we’re not in the lending game. Our objective is simply to connect prospective borrowers with a lender who can potentially offer them the loan they require.

Ultimately, we’re here to make finding a lender online simple and convenient. These days there are so many lenders out there that it can be difficult to know where to start.

Submit one simple application with Monzi and we’ll hopefully have you matched with a great lender in no time. It couldn’t be simpler.

In fact, you can apply for cash loans no matter where you are in Victoria.

Secured and unsecured cash loans Melbourne

In Australia, loans under $2,000 are unsecured loans while loans that exceed $2,000 usually require security.

So, what’s the difference?

Well, secured loans require the borrower to sign over an owned asset as security (collateral). This asset could be a car, boat, caravan and the list goes on. Essentially, security acts as a guarantee that the borrower will make their obligated repayments.

In the event that the borrower defaults on their loan, the lender is able to take possession of the asset and sell it, in order to recoup the value they lost from the default.

By comparison, unsecured loans do not need to be guaranteed by an asset. However, with no means to recoup their value in the event of default, lenders view unsecured loans as riskier. As such, they may apply higher rates or fees.

Small cash loans Melbourne

While they’re not the end of the world, minor expenses can definitely be a thorn in your side. Therefore, if you’re feeling a bit cash strapped, consider applying for a small cash loan.

With amounts ranging from $300 to $2,000 and a repayment period of 12 months, you may be able to take the stress out of those pesky little financial problems.

If you find yourself needing small unsecured personal loans, it may make sense to submit an application with Monzi. We work with a host of lenders who deal in small loans and can potentially provide you with the cash you need.

Need more? Consider medium and large loans

When it comes to borrowing, less is better. However, that’s not always possible.

Not every expense is going to be small and inconvenient. Some expenses are going to be large and may feel overwhelming.

Luckily, Monzi works with a range of lenders that may be able to offer Melbourne cash loans of a greater magnitude.

If you need a loan of between $2,100 and $4,600, then you’ll be applying for a medium loan. Medium loans are typically repaid over a period ranging from 13 to 24 months and are secured. That means you will have to nominate an asset as collateral.

If that’s not enough, large loans are available and range from $5,000 all the way up to $10,000. Like medium loans, large loans are secured loans that are repaid over 13 to 24 months.

Finally, certain lenders on Monzi’s panel may be able to offer even larger secured loans from $10,000 to $30,000!

Does bad credit history equal automatic decline?

While we cannot provide any guarantees, what we can say is that bad credit won’t necessarily stand in your way of getting a loan.

While banks do look upon bad credit unfavourably, Monzi works with a bunch of lenders who do things differently.

Rather than having a single-minded focus on your credit history, our lenders take a broader perspective. While your credit history is one element of your financial situation, they’ll also consider your current income, expenses and banking history.

In short, these lenders want to assess whether or not the loan is affordable, based on your current circumstances. If you’re earning a regular income and managing your expenses well, your bad credit history may not be the be-all and end-all.

So, if your credit history is far from perfect and you’re looking for cash loans bad credit, why not submit an application with Monzi? We may be able to pair you with a lender who can help.

Does that mean a credit check won’t be conducted?

No, not necessarily.

While some lenders may be more forgiving of bad credit, that doesn’t mean a credit check won’t be conducted.

Ultimately, each lender retains the right to conduct a credit check as part of their assessment. All lenders have different assessment procedures though, so while some may complete a credit check, others may not.

Given that Monzi works with a host of different lenders, we are unable to provide you with a guarantee either way. Although, you can rest assured knowing there will be more to your assessment than just a credit check. Your current financial situation may be just as important.

Is it possible to improve my credit score?


Your credit score is essentially a measure of how responsible of a borrower you are. In other words, lenders use your credit score as a way of gauging how reliable you are at repaying your loan on time. If you’ve had some issues or defaults in your past, your credit score will reflect this.

Ultimately, the only way to improve your credit score is to develop good borrowing habits and display them over a long period of time. A simple little formula to help is consistency x time. While it won’t happen overnight, eventually those past mistakes may be forgotten about. All it takes is a little bit of discipline.

To set you on the path to improving your credit score, a few simple tips include:

  • Make repayments on time.
  • Pay off your debts and keep your credit card balances low.
  • If you require credit, do your research to find the best deal.

Eligibility criteria

To apply with Monzi you must meet four criteria. Don’t panic though! Our requirements are simple.

  • At least 18 years old.
  • Hold an Australian Citizenship or Permanent Residency.
  • Have an email address and phone number so we can contact you.
  • You must have received income, deposited into an online bank account, for the three months prior to your application.

How to apply with Monzi

We’ve made finding a lender so simple and convenient you could almost do it with your eyes closed and your hands tied behind your back.

To get started, head to the top of the page. The loan slider makes it simple to apply for the loan amount you desire.

Once you’ve submitted your application, our system tries to match you with an available lender who can supply the loan you need. Lenders assess your application if you match with them.

If you’re approved, the lender will offer a digital loan contract. If you approve the contract, lenders will transfer your cash. Keep in mind, access to funds is dependent on inter-bank transfer times.

Can I get same day cash loans Melbourne?

If you’re hunting for fast cash loans Melbourne, you’ve come to the right place. While there are no guarantees, it is possible to have access to your cash on the same day you apply.

If you apply with Monzi during normal business hours, we will do our best to match you with an available lender in just 60 minutes. From there, your lender completes their assessment of your application and supplies you with an outcome.

On the condition that you provide all the required information the first time around and your application is approved, your lender will transfer you the cash ASAP. In a best-case scenario, this can be on the same day you apply.

As we mentioned though, nothing can be guaranteed. While your lender will transfer you the cash once you’ve been approved, you are at the mercy of interbank transfer times.

If the cash is transferred to you late in the day or outside of regular business hours, you may encounter delays. In some cases, you have to wait until the following business day to receive your cash.

Can you guarantee me approval for instant cash loans Melbourne?

With Australia’s responsible lending legislation, there should be no guaranteed approval loans. In order for lenders to comply with their responsible lending obligations, all applications must undergo an assessment.

One thing to keep in mind is that instant loans should not be confused with guaranteed approval loans. Instant loans are loans that are processed super quickly.

By comparison, guaranteed approval loans are approved without assessment, regardless of your financial situation.

If you come across a lender offering guaranteed approval, steer clear. These lenders are breaking the law by failing to complete a proper assessment.

While we all want our application to be approved, responsible lending processes exist to protect you. Lenders need to ensure the loan is affordable for you.

If you apply with Monzi, you can guarantee that you will be matched with a licensed and reputable lender who goes about things the right way.

Responsible lending in Australia

In Australia, all licenced lenders must comply with the responsible lending conduct obligations. Specifically, these obligations centre around the overarching idea that a lender must not enter a credit contract with a borrower that is unsuitable for the borrower’s need.

In order to meet their obligations, lenders must take three steps.

  1. The lender must make reasonable inquiries into the consumer’s financial situation as well as their reason for needing to borrow.
  2. The lender must follow up these inquiries by taking reasonable steps to verify the individual’s financial situation (assess their income, complete a credit check, etc.).
  3. Based on these inquiries, the lender must provide a final outcome as to whether the loan is not unsuitable for the borrower. Put simply, the loan must be affordable and reasonable for the borrower.

For further information on responsible lending practices and borrowing in general, the Australian Securities and Investment Commission website has all you need to know.

Can I apply if I receive payments from Centrelink?

With Monzi, you are welcome to submit an application regardless of your situation. If you are currently receiving government benefits, that doesn’t make you ineligible.

There are plenty of lenders out there that are understanding of your financial situation. If you receive benefits, we might still be able to find you a lender.

Keep in mind though, not all lenders will look upon Centrelink payments the same. While some will consider them a form of income, others may not. Different payment types may also be looked upon differently too; it simply comes down to the lender’s individual policies.

As such, Monzi is unable to provide any guarantee that your application will be approved if you are receiving Centrelink payments. While we’ll try to match you with a lender, their assessment and policies will ultimately determine the outcome of your application.

Cash loans in Melbourne – what to do

Cash loans Melbourne don’t all have to be doom and gloom. Moreover, you can use your money to enjoy yourself as well.

While in some cases our users are looking to pay for car repairs, household costs, medical bills or other such inconveniences, personal loans can be used for recreation purposes too.

If you’re looking to get out and about around Melbourne and Victoria then we’ve got a few recommendations for you:

A Great Ocean Road escape

One of the world’s most iconic coastal drives, the Great Ocean Road spans 243km of spectacular landscapes, iconic surf breaks and welcoming towns. Beginning a short distance from Melbourne, you can be on the road and driving in no time. You can use cash loans to cover your travel or accommodation expenses.

Discover Phillip Island

An easy day trip from Melbourne, Phillip Island is one of the more popular local escapes. The adorable fairy penguins that line the shore are undoubtedly the main drawcard while the reliable surf breaks are great for those looking for a little bit of excitement.

Relax in the Yarra Valley

For those looking to unwind, the Yarra Valley is the perfect destination. You could sample the local wine at one of the many vineyards or just sit by the fire in a quaint country cottage. The Healesville Sanctuary is also just around the corner if you want to come face-to-face with some of Australia’s most iconic wildlife.

Bridge over city leading towards cash loans Melbourne

The benefits of using Monzi

While we make finding cash loans as convenient as can be, there are also a host of additional benefits that come with enlisting Monzi’s services. These include:

  • Simple application: We only ask for the details that are necessary. In a matter of minutes, your application can be complete setting you on the path to find a lender.
  • Rapid outcomes: We work fast to find an available lender for you. We aim to have you paired with a lender within an hour of receiving your application so can have the quick cash Melbourne you need ASAP.
  • 100% Online: From start to finish, you can find a lender from the comfort of your own home or anywhere for that matter. If you can access the internet, you can access Monzi’s lender-finder service.
  • Quality lenders: Over time, we’ve developed an extensive network of licenced and reputable lenders. If you use Monzi’s lender-finder service you can be sure that you will be matched with a quality lender.
  • Safe and Secure: We’ve teamed up with internet security providers Comodo and McAfee to ensure your information is held securely in our system.
  • Transparent: You know exactly what’s going to occur when you submit an application with Monzi; nothing’s hidden or kept from you.

How do repayments work?

When it comes to your repayments there is a little bit of flexibility. As part of your application, you will be able to select weekly, fortnightly or monthly payments as well as your ideal repayment period.

While Monzi can provide repayment estimates, your lender will ultimately determine what the final repayment terms. They’ll consider all the relevant details and outline your repayments in your loan contract.

Making your repayments is easy too. Just implement a direct debit from your account and your repayments are automatic. Just make sure you have enough money in your account when your repayment day rolls around.

Why was my cash loans Melbourne application denied?

Given that Monzi does not conduct assessments, we are unable to say why your application was rejected. In all likelihood, your lender identified that you failed to meet one of the required criteria or the loan was unsuitable for your needs.

Although, lenders do retain the right to approve or deny any loan application they receive, so there are a number of potential reasons your application could be denied.

If you are looking for a clear answer, the best idea would be to contact your lender directly. They may be able to provide you with more specific feedback as to why your application was not approved.

Even if you are denied today, you are more than welcome to apply again in the future. If your financial situation improves, your past application will not hold any weight as each application is judged on its merits.

I’m unhappy with my cash loans Melbourne contract

If you are unhappy with any element the loan offered to you, you are under no obligation to accept it. Put simply, you retain the right to decline any contract offered to you.

If the outlined terms of your loan differ from what you expected, speak to your lender to find out why this contract was offered to you. Moreover, Monzi cannot speak for any of the lenders we work with so we won’t be able to provide you with an explanation.

Lenders try to offer the contract that best suits your financial needs and objectives. This may mean your contract is different to what you applied for.


If you have any questions about Monzi’s lender-finder service, simply get in touch. Email us at and we’ll do our best to get back to you with an answer ASAP.

For questions specific to your cash loans, speak to your lender directly. At Monzi, we cannot speak on behalf of other lenders. Therefore, there are many questions we can’t answer. This can include:

  • Why was my application denied?
  • Why was I offered less than I applied for?
  • Can I modify my repayments or repayment schedule?
  • Will you conduct a credit check on my application?

Apply today

Need cash Melbourne? Apply with Monzi today. Just use the loan slider at the top of the page to select the amount you wish to borrow.

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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


12 months


20% upfront establishment fee

+ 4% monthly fee


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


13 months

24 months


48% annual percantage rate

67.41% comparison rate p.a.


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


13 months

24 months


21.24% annual percantage rate

48% comparison rate p.a.


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.