What are cash loans?
Cash loans generally refer to small loans provided by an online lender that can be spent like cash. These loans usually have a repayment period of several months, and a repayment cycle agreed upon between the lender and borrower. In addition, cash loan lenders often have much faster processing times than a bank. Monzi is, in particular, able to find lenders that may be able to offer personal loans up to $10,000.
How do fast cash loans work?
Lenders assess your application after you apply. Keep in mind, lenders may vary in how they assess you. While some lenders may offer a cash loan with no credit check, others may not.
Assuming you are approved for a cash loan, you and a lender will agree upon an amount for you to borrow. From there, most lenders set regular repayment cycle. Generally, your repayments will be made up of the principal, plus interest and any other fees and charges. Next, if you approve your contract during normal business hours, the money may be transferred to your account within 24 hours.
These personal loans come with a short repayment term; potentially anywhere from 12 months to two years.
This, however, depends on your individual circumstances. In short, Monzi may be able to find you a lender that can give an instant outcome on your cash loan application.
If you need some cash to cover your expenses but don’t know where to find it, you’re in the right place. Put simply, fast online loans could be one of the quickest and easiest ways to get some extra dollars flowing through your finances!
When life throws you a curveball, there’s no time to waste. Moreover, needing loans while receiving Centrelink may reduce your options. That’s where Monzi can try and help by pairing you with a potential lender!
Applying for online cash loans can be easy and hassle-free. If you’re ready to make money worries a thing of the past, we’d love to help you find the ideal lender to suit your needs.
Can Monzi help me find cash loans online?
We understand that people look for cash loan lenders for all sorts of reasons. After all, everybody is different. So, to make things a little easier, we’ve included a table of some of the search terms that have lead consumers to Monzi.
|Cash Loans||Fast Cash Loans|
|Instant cash loans on Centrelink||Instant cash loans|
|Quick cash loans||Emergency cash loans no credit check|
Keep in mind, you may not be offered loans from a payday lender. Monzi will aim to match you with a lender offering personal loans.
The loans you need for the life you lead
From medical costs to school fees or a weekend away, some things are must-haves. Unfortunately, you need to have the cash to pay for them! No matter how well you budget, there will be times when your budget is maxed to the limit.
Nobody expects their plumbing to spring a leak or their appliances to pack up. Obviously, however, they do! In these situations, who has months to save for a new one? What you need is a cash loan in a flash, and that’s what we’re all about.
Depending on the lender, you may have access to loans the same day you approve your contract. This, however, is dependent on inter-bank transfer times.
How much will a quick cash loan cost?
As the lender-finder, Monzi cannot guarantee the total cost of your eventual cash loan.
After all, lenders may all vary in the following:
- Interest rate
- Monthly fee
- Establishment fee
To get a better idea of the true cost of a quick cash loan, consider checking the comparison rate. Comparison rates reduce the interest rate, plus most of the fees and charges, down to a percentage figure. Therefore, consumers can quickly get a better idea of the cost of a cash loan. Finally, comparison rates are a great way to compare loan products, especially when comparing different lenders.
Find lenders fast
Put simply, it’s can be difficult enough making ends meet in Australia today. Especially when most families are only managing to break-even each month. Therefore, when expenses pop up out of the blue, most of us simply don’t have the savings to cover them.
Imagine this: You wake up on Sunday, ready to take a well-deserved break. Furthermore, you make a decision to prepare breakfast! After all, there’s nothing like a full English to get your Sunday morning started. As you get to the fridge, you get a sinking feeling.
Fast-forward a couple of hours, and your worst fear is confirmed. The repairman’s been poking around your fridge for about ten minutes. His body language isn’t giving you much hope.
Finally, he breaks it to you; the motor’s busted and the insides are starting to crack. I could fix it, but you’d be better off buying a new one. By the way, the call-out fee is $85. Who doesn’t love unexpected bills?
Bad credit cash loans
Put simply, these loans are for people with bad credit. People with bad credit often feel that their credit score will disqualify them from applying for loans.
While some traditional lenders may refuse your application based on your credit score, there are many lenders out there who are willing to look past bad credit. Therefore, when you use Monzi, we may be able to put you directly in touch with these lenders that are able to look at more than just your credit score. In short, we aim to find lenders that can potentially offer fast cash loans bad credit from $300 to $10,000.
How do I get instant cash loans Australia no credit check?
People who search for a payday loan without a credit assessment are generally concerned their credit score will prevent them from being approved for a loan. However, certain lenders that offer cash loans no credit check fast approval may charge high rates and fees.
Therefore, if you have poor credit, you should consider using a lender-finder service like Monzi. After all, we associate ourselves with Australian lenders who may be willing to look past your credit score.
Instant cash loans online 24/7 Australia
At Monzi, we understand that expenses rarely wait until you’re prepared. In fact, they often strike at the worst possible times. Whether it’s on a weekend or late at night, if you find you’re needing a loan today, you might feel that your options are limited.
Luckily, Monzi can help. We’ve made sure that our website is available all hours of the day so that you can apply for a quick cash loan when you need to. Moreover, we might even be able to pair you with lenders who can potentially offer 24/7 instant cash loans for bad credit. In other words, you may be able to access the cash you need, when you need it.
However, keep in mind that applications received outside of business hours often encounter delays. This is due to the fact that lenders usually do not process applications during these times. As a result, you may need to wait until the following business day to receive an outcome.
Instant cash loans no credit check unemployed: are they available?
Yes, loans for unemployed individuals may be offered. Having said this, it may not be easy. While some lenders may be willing to work with you, most will not. Moreover, you will need to meet one significant criteria.
In short, you must prove that you are earning income in some form. While that may not be a wage or salary, it could include rent payments received or benefit payments.
Lenders will deny your application if you cannot show that you are earning a consistent income. After all, you must have the capacity to repay any money that you borrow.
Finally, keep in mind that even with a source of income, approval is not certain. Lenders will assess your financial situation to determine whether or not you should be offered fast cash loans 24/7 for unemployed individuals. Unemployment will make it considerably harder to meet the necessary criteria.
How can I get a cash loan with bad credit?
If something unexpected has happened, and you need to find a lender offering personal loans, there are a number of options available to you. However, if you have a bad credit rating, these options may feel more limited.
Using a lender-finder service like Monzi can take a lot of the hassle out of finding a cash loan lender. So, if you have bad credit and want to find a lender who may be able to give you a fair go, here’s how:
1. First, select your desired loan amount and ideal repayment terms on the loan calculator at the top of the page. Then, fill out the application form.
2. Now, we’ll get to work searching through our network of lenders. Here, we try and find an available lender that might be able to help.
3. Finally, credit providers will assess your application and will get in contact if they can make you an offer.
Can I get an instant loan?
Monzi may be able to put you in touch with lenders so fast, it will seem almost instant. If successful, this should only take a few minutes. Then, your new lender will take it from there.
Depending on your lender, and how your bank handles transfers like these, you may even have access to loans within 24 hours of approving your contract. Monzi may be able to find lenders offering up to $10,000.
Small cash loans: cover those minor expenses
Not every expense will be major and crippling. More often than not, if you’re applying for a cash loan, you’ll only need a small amount to cover a minor expense that just can’t wait. For instance, maybe you have a bill to pay or car repair costs to cover.
At Monzi, we work with a number of lenders who specialise in small cash loans Australia. In short, you can potentially borrow amounts ranging from $300 to $2,000. Best of all, they’re a short-term commitment meaning that they can be repaid in just 12 months.
Think a small loan is the right product for you to help manage a cash shortfall? Apply with Monzi today and we might be able to pair you with a lender who can help.
Where can I get fast cash loans?
As a result, deciding between lenders can be time-consuming and confusing. So, if you want to save time, apply with Monzi. Monzi, with one application, can potentially find you an available lender that may be able to offer you a loan of up to $10,000.
Instant cash loans on Centrelink 24/7
You may still qualify for a cash loan, even if you are receiving Centrelink. After all, some lenders will accept regular Centrelink payments as a form of income. Monzi is, therefore, able to put you in contact with lenders who are happy to offer personal loans for people on Centrelink.
How do I get a cash loan online?
You can match with lenders through Monzi. Here’s how:
- Make sure you meet our application criteria. You can find them on our “How it works” page.
- Fill in the application form above. This can be done in minutes.
- We’ll look for a lender that we think can offer you a loan.
- If we can find you a lender, your lender will get in touch with you to run through the terms of your cash loan.
You’ll want to check the terms of the quick cash loan you are offered to ensure that they will not only meet your needs but that they won’t put you under any unnecessary financial pressure. In other words, make sure you can afford your repayments without skipping any!
What if I have bad credit?
Substandard credit history no longer has to stand between you and a loan. Did you know that there are specialist loan companies out there? In particular, lenders that can offer quick cash loans for bad credit?
It’s easy to end up with a credit record that’s not exactly perfect. In fact, it happens to a lot of us. A few skipped payments here and there. Throw in a financial emergency and your credit score may take a serious hit.
If you went through a rough time a few years ago and have a few marks on your credit record, does that make you an irresponsible person? Absolutely not! While we can’t guarantee you’ll be offered cash loans no credit check, we can find lenders that look at more than just your credit score.
Does a poor credit record mean your finances are in a mess today? Does it mean you can’t apply for finance online? Unequivocally no!
After all, if loan companies only served people who have perfect credit, they’d have very few customers! Therefore, it’s a matter of finding the right lender to deal with.
How to use Monzi
Using Monzi’s lender-finding service is easy. But if you’ve never done it before, you’ll be wondering how it works. Here’s everything you need to know.
At Monzi, we can do the hard and stressful work of finding a money lender that suits your needs so you don’t have to!
There’s nothing worse than applying to loan company after loan company and receiving rejection after rejection. And, did you know that every online application shows up on your credit record? This makes it even more difficult to apply for the next cash loan.
Monzi’s eligibility criteria
When you apply through our website, we’ll try and pair you with a lender. Put simply, all we need you to do is fill in our online application form. After all, it could only take a few minutes. It’s 100% online, and you won’t need to upload any documents.
Centrelink customers may qualify for personal loans through our website. If you meet these requirements, you might be considered for approval.
- You need to be a permanent Australian Resident or Citizen.
- Be 18 years or older.
- Have a regular income, like Centrelink.
- Have a bank account.
If you answered yes to all four of the above points, it’s time to apply!
Are you feeling excited yet? Let’s get the ball rolling by going through the online application process, it’ll save you even more time when you apply!
Cash loans online: how to apply
When you visit the Monzi homepage, the first thing you’ll see is our lender-finder application tool.
- We can help you find personal loans between $300 and $10,000.
- By moving the sliders, you’ll be able to move your loan amount and repayment period around. You can see how much your weekly or monthly repayment will come to.
- The more you borrow, the higher your weekly or monthly repayment will be.
- You can always reduce your repayment amount by choosing a longer repayment period.
You’ll also see a breakdown of costs and fees in the blocks at the bottom of our loan tool. These are only estimates. Your lender will confirm these with your loan approval.
Decide on a comfortable cash loan amount and repayment period (weekly or monthly instalments). Enter your mobile number and click Apply Now. Make sure you enter the right phone number, so we can contact you. You’ll be on your journey to a personal loan before you know it!
What info do you need to provide?
The next stage of your online application is the most important. You’ll need to provide us with your info. The details you provide during this section will help find you a lender. Make sure you check your details when you enter them. While this may feel tedious, it may save you the hassle of re-entering your information.
During the online application process, you may be required to supply the following information:
- Proof of ID
- Your internet banking credentials
- Proof of income, if you’re on Centrelink, we’ll need your MyGov credentials.
- The reason you’re applying for small loans.
Keep in mind, you will be able to digitally upload everything we need during the application. There is, therefore, need to scan and copy documents! Most of our customers finish their applications in no time at all.
Take a breather and let the lenders come to you!
Once we receive your personal loan application, we’ll find a lender to look at your income, expenses, and the amount you’d like to borrow. We hope to find you a lender in minutes, and if we do, we’ll forward your application to one of the lenders we work with.
If you’re successfully paired with a lender, they will first assess your financial situation, and get in contact if they can make you an offer!
When your loan company contacts you, they’ll provide you with the full details of your cash loan. You’ll also receive your loan documents by email. They’ll make sure you have all the important info need, including:
- Your weekly or monthly repayment amount,
- The due date for weekly or monthly payments,
- Confirmation of your loan amount and other charges.
How to be an awesome cash loans borrower
If you receive your loan approval, you could have your cash advance within a day or two – you’ll want to check with your lender on that one. Now that’s a reason to celebrate! As you repay your cash advance loan, it’s always a great idea to stick to the due date in your loan agreement. You’ll avoid late payment penalties and can build a strong repayment history.
Same day loans: Monzi explores
Receiving your cash on the same day you apply sounds great, right? After all, nobody likes to wait. However, while it may be possible, it won’t always occur. In short, this is due to the fact that there are a number of steps involved.
If you are looking to access a same day cash loan then you will need to apply during business hours and provide all the required personal details. From there, we may be able to pair you with a lender in just 60 minutes.
Your lender will then assess your claim and if you are approved, your cash will be transferred to you. Access will then depend on the relevant interbank transfer times.
While these steps seem relatively simple, time can add up fast. So, while same day loans may be available, it’s usually smart to budget for a waiting time of up to 24 hours.
Cash loans for Centrelink customers with bad credit
Being a Centrelink payment recipient and having bad credit are two potential factors that can make it more difficult to access credit. Combine the two and you might think it’s almost impossible. However, it’s not. In fact, there may be a number of lenders willing to offer cash loans bad credit Centrelink.
In short, they will simply assess your claim like any other. While your credit history will be considered, lenders are looking to establish your capacity to repay any loan that you take out. If you meet the necessary criteria then your application may be approved and you will be offered a cash loan. However, this is not certain and lenders retain the right to approve or deny applications for quick cash loans for Centrelink customers where they see fit.
Instant approval loans need cash today
Need quick cash now? With instant approval loans, lenders will assess your claim fast so that you can receive an outcome ASAP. In short, it’s about getting you the cash you need in a hurry. However, it’s worth understanding exactly what instant approval means.
In short, you won’t receive an outcome the second that you apply. Due to Australian lending regulations, lenders must assess all applications to ensure that they only offer suitable credit contracts to borrowers. Typically, this will involve investigating your current financial situation as well as your credit history.
Given this, instant approval refers to situations where you receive an outcome in what feels like no time. However, there will always be some processing time involved.
What credit rating do I need for a cash loan?
In short, minimum credit score requirements will vary between lenders. In other words, while some may offer cash loans bad credit, many will not. As a result, approval may depend on the lender that you are dealing with.
In most cases, the higher your credit score, the higher your likelihood of approval will be. Having said this, your credit is simply one piece of the puzzle. In order to determine your suitability for credit, lenders will examine your complete financial situation.
As a guide, potential ways to improve your credit score include:
- Pay your bills and debt obligations on time.
- Keep credit card balances low.
- Rely on credit as a last resort.
- Monitor your credit report regularly.
However, keep in mind that it will take time to see improvements. In other words, don’t expect to turn you credit around in just 12 months.
What is the seven year credit rule?
In short, the seven year rule refers to the fact that certain credit listings may remain on your credit report for that period of time. This may include defaults or credit accounts that you failed to repay on time (e.g. quick cash loans).
As a result, improving your credit score in a hurry often isn’t possible. Especially if you’ve made a few significant mistakes in the past. However, through time and the implementation of effective borrowing habits, eventually you can start to see improvements. In other words, if you can remain disciplined then you won’t always have to rely on cash loans bad credit Centrelink.
Responsible lending and a fast cash loans
Consumers can be assured they will only be paired with a responsible lender. In other words, consumers will be paired with a lender that is serious about their responsible lending obligations.
As a result, lenders will look to confirm your financial situation and objectives. Moreover, credit providers look to confirm the loan’s contractual repayments will fit comfortably within the consumer’s normal budget. This is done to ensure the loan product is suitable for the borrower.
A loan is considered suitable for the consumer when:
- The consumer’s needs and objectives are met; and
- The consumer is able to reasonably afford the repayments without significant financial hardship.
Additionally, consumers may be able to receive a credit guide from their potential lender. Succinctly, a credit guide provides preliminary information on the credit provider to the consumer. You can learn more about responsible lending obligations on the Australian Securities and Investments Commission website.
Why was my cash loan application denied?
In short, Monzi cannot say exactly why your fast cash loans no credit check application was denied. This is due to the fact that we do not conduct your assessment. As we are a lender-finder service, once you’ve been matched with an available lender, we retain no control over your outcome.
In most cases, your application will be denied if you fail to meet one of the lender’s necessary, qualifying criteria. This may relate to your income, credit history or the specifics of your cash loan. For further details, contact your lender directly and they may be able to provide you with the exact reason.
The good news is that an unsuccessful application today won’t stand in your way of applying again with Monzi in the future. If you work yourself into a more secure financial situation then you are welcome to use our lender-finder service again.
I’m going to miss an upcoming repayment: what do I do?
Lenders understand that things don’t always go to plan. So, if for whatever reason you cannot afford an upcoming repayment, contact your lender ASAP. Late or missed repayments usually incur a fee, however, with sufficient warning your lender may work with you to develop a plan to manage the issue.
In saying this, while lenders may be understanding, it’s still up to you to be proactive. If you wait until the last minute then it may be too late and you will have to pay the associated fee. So, as a rule, make contact as early as possible.
A major, unavoidable change in your life circumstances can leave you unable to afford your existing cash loan repayments. Whether it’s injury, illness or termination, these occurrences are more common than you think. Luckily, lenders are equipped to handle these situations through their hardship departments.
Given this, if you suffer a change in circumstances then you will need to contact your lender to submit a financial hardship application. Typically, you will need to supply supporting evidence as well as an estimate of what you can now afford.
Your application will be considered and if successful, revised terms may be implemented. If unsuccessful, you must continue to make your existing repayments.
Monzi: apply for instant cash loans online whenever you like
At Monzi, we’re a 100% online organisation. That means that you can access our lender-finder service whenever you like. Our website is live 24/7 so apply for a cash loan today or at the time that suits you best. However, keep in mind that applications received outside of business hours often encounter delays.
In addition to this, Monzi is here to help as many Aussies as possible. That means that we’re not worried about your location. As long as you’re an Australian citizen or permanent resident, you’re welcome to apply for a cash loan with Monzi. In fact, we receive applications from all corners of our great country. All you need is an internet connection and you’re ready to begin applying.
Do you have questions about Monzi or what our lender-finder service involves? Feel free to reach out. Email us at firstname.lastname@example.org and one of our wonderful customer service team members will get back to your with a response when they can.
One thing to keep in mind is that we can only answer questions that relate to our service. If you have questions about instant cash loans 24/7 that you have taken out then you will need to contact your lender directly. Monzi cannot speak on behalf of other organisations and we are not privy to the details of your cash loan. As a result, we will be unable to answer your questions.
Ready for a cash loan injection? Monzi might be the quickest solution!
Whether you need a new appliance or your car serviced, a personal loan may be the way to go. Don’t let your income or credit score stop you from applying for instant cash loans online. We’ve shown you how quick and easy it is to apply for online cash loans through Monzi.
Now it’s time to experience it for yourself. Whether you’re looking for a bond loan, travel loan, Christmas loan or you’re just looking to pay a bill – we’ll do our best to find a lender that can help.
If you’re stressing, it’s time to ease your mind! We’ll help you find a lender that understands! Take the plunge right now and experience the ease and convenience of cash loans fast.
Just scroll up and apply for your quick cash loan today!