Fast Cash Loans For Unemployed People. Find A Lender Today With Monzi

Fast cash loans for unemployed Australians can sometimes feel impossible to find. However, just because you are unemployed doesn’t mean you are free from unexpected expenses. In these situations, it can be difficult to know where to turn. However, this is where Monzi may be able to help. We may be able to find you a lender that might be able to approve your application.

Fast cash loans for people between jobs

If you are unemployed but need a little extra cash in your pocket, fast cash loans for people without a job may be a great option. Often, Australians can apply for these loans 100% online.

So, while you’re curled up on the couch re-watching your favourite show on Netflix for the umpteenth time, you could apply for fast cash online in minutes!

Fast online cash loans for unemployed Aussies

It doesn’t take a lot to derail your budget these days. One minute your budget is travelling along nicely; the next, you’ve got four bills to pay, a car to repair and a new set of school books to purchase.

If you’re unemployed, this whole situation can quickly go from stressful to downright panic mode! You may, therefore, try and find a lender online offering fast cash loans for unemployed individuals.

Finding a lender willing to give you a chance, however, may peak the stress levels even higher! It feels like half the lenders out there are just going to decline your application. Moreover, the other half seem to be licking their lips, waiting to spring ridiculous interest rates and fees on you.

In a situation like this, it can feel like you’re stuck between a rock and a hard place. In other words, it’s difficult to know where to turn. Well, luckily, Monzi may just have the answers for you.

The Monzi difference

What do we do? We’re a lender-finder that may be able to put unemployed Australians in touch with a quality online lender.

When you use Monzi, you complete one online submission, and we get to work. Put simply, we scan through different lenders online so you don’t have to.

Ultimately, we’ll do our best to find you a lender who may offer $300 to $10,000 personal loans online. Admittedly though, lenders may be hesitant to offer larger loans if you’re unemployed. However, we’ll always do our best to match you with a lender.

Do loans for unemployed Aussies really exist?


Generally, you will need to show you’ve been earning some sort of income (so you can repay the loan). More often than not, this may come in the form of regular Centrelink payments. That’s right – lenders may be able to regard your regular Centrelink payments as a form of income.

Alternatively, you could apply for fast cash loans for unemployed individuals if you had an income-earning asset. For example, if you were unemployed but received income from a rental property you owned, you could apply for a personal loan.

How much can I borrow if I’m unemployed?

While it may be more difficult to get a personal loan if you’re unemployed, it’s not impossible. Moreover, you’ll need to show you are earning an alternative, regular source of income.

Your alternative income will directly affect how much you are offered by a lender. The regularity of your income, how much you earn, as well as your regular expenses, may all affect how much you are offered.

In addition, if you own an asset like a car or a boat, you may be able to attach it as security for the loan.

It is important to remember, however, that approval is always at the discretion of the lender. In addition, individual lenders may have different assessment criteria. Therefore, any information presented by Monzi is simply a rough guide.

Do banks offer loans for unemployed people?

Unemployed Australians may find it difficult to be approved by a bank. This is because traditional lenders, like banks and credit unions, often have more stringent eligibility criteria than short term cash lenders.

More specifically, if Centrelink payments make up some or all of your income, it may be very difficult to be approved by a bank. Again, however, Monzi cannot speak to the policies of individual banks.

Things to consider before borrowing

Before applying with lenders offering personal loans, there are a few things you should consider.

Will you be able to afford the loan?

If you’re unemployed and apply for a cash loan, the main thing lenders will look at is your ability to repay the loan. Keep in mind, your ability to afford the loan will directly affect the amount offered to you. As a result, if you want to borrow a small amount and the repayments will fit comfortably within your income and expenses, you may be considered for approval.

On the other hand, if you apply for a large amount of money, the repayments are likely to make it hard to manage your normal expenses, the lender is legally unable to approve you.

Centrelink benefits

Many people plan to use their Centrelink payments to repay their loan. However, lenders may have restrictions on what type of Centrelink payment they can accept, as well as what percentage of your income Centrelink can make up. For example, some lenders may not be able to accept people receiving Newstart payments. Although, this is all at the discretion of the lenders themselves.

Am I already repaying a loan?

It may be difficult to be approved with some lenders if you are already paying off any other short-term contracts. In addition, if you’re currently bankrupt or a part 9 debt agreement, some lenders may not be able to offer you a loan.

Applying made easy

Being approved for loans for unemployed is not impossible! You just need to find the right lender. This is, hopefully, where Monzi can help.

Ready for our lender-finder service? Here’s how you can get started today:

Step one – apply for loans for unemployed

Consumers can get started with the application by scrolling up to the loan slider. Next, simply select the amount you’re thinking of borrowing, as well as your ideal repayment terms. However, if you’re unemployed, consider how much you will realistically be able to repay.

You’ll be given a rough idea of what the repayments on your loan may look like. Use these as a guide only, as the actual cost of your loan may vary depending on the lender you’re paired with.

Once you’ve clicked Apply Now, you’ll be taken to the submission form. It’s 100% online, and you’ll only need to provide the essentials. Therefore, you may have it completed in minutes.

Step two – relax

Once you’ve submitted your form, we’ll do what we do best. Our automated system will get to work scanning through hundreds of different loan products. If we successfully match you with a lender, we’ll let you know via text and email.

If unfortunately, we are unsuccessful, we’ll also let you know right away. In short, regardless of whether we’re successful or not, we’ll never keep you in the dark.

Step three – cash!

Your new lender will now conduct their assessment of your application. If you’re approved, they’ll send through a digital loan contract. It is important you read through your contract carefully before signing anything.

In particular, pay attention to the repayment terms as well as the fees and charges associated with your loan. Only approve your loan contract if you understand, and are happy with everything.

The cost of fast cash loans for unemployed people

As Monzi is the lender-finder, we can’t guarantee what the costs of your loan will be. After all, different lenders may charge different rates and fees. In addition, the amount you apply for will also affect how much you are charged.

However, our network of lenders may be able to offer three types of loans for unemployed people.

Fast online cash loans for unemployedAmount (AUD)Repayment termSecured
Small fast cash loans for unemployed$300 to $2,00012 months
Medium fast cash loans for unemployed Australians$2,100 to $4,60013 to 24 months
Large fast cash loans for unemployed people$5,000 to $10,00013 to 24 months

Keep in mind, however, the actual repayment terms of your loan may vary depending on the lender you’re paired with.

No job? No issues! Ways to make cash while unemployed

Fast cash loans for unemployed people aren’t the only way to get extra money in your account if you aren’t working. Especially today, there a heap of quirky and easy ways to get a little extra coin.

Take online surveys

Did you know you can get paid to fill in online surveys? Yes, you read that right. You can get paid actual money (AUD $) to complete surveys online.

Generally, these survey sites are free to join. The best part? You don’t need any experience or qualifications; just a little spare time and a computer.

These survey sites conduct online polls on behalf of businesses. These companies then use the information you provide to research and develop new products.

Join Airtasker

Airtasker is a completely free digital platform where you complete odd-jobs for cash.

These jobs can be anything from setting up flat-pack furniture, helping somebody move house, or even mowing someone’s lawn.

People will advertise the tasks they need a hand with, and nominate a negotiable price. Finally, once you complete the task and are paid, Airtasker will take 15% and you’ll keep the rest.

Airtasker is popular with a lot of people needing a little extra cash. After all, you can choose the hours you work, as well as which jobs you take.

Become an affiliate marketer

Do you have a sizable social media presence? Did you know you could use it to make you money?

Plenty of companies these days are looking for affiliate marketers. Essentially, affiliate marketers will promote a product from their social media account, like Instagram. Additionally, affiliate marketers focus on driving traffic to the business’ website, not actually selling. Therefore, it could be a great option for both shy and outgoing people.

The company may then pay you in free products, a small commission of the sales, or even a lump sum.

Sell your old things

If you have a garage full of old things you don’t use anymore, consider selling them for some easy extra cash.

Now is a better time than any to sell your old, disused items. Especially with sites like Gumtree and Facebook Marketplace becoming so popular, the pool of potential buyers has grown rapidly!

Selling items online is a far cry from placing an ad in the weekend newspaper or hosting a garage sale. Simply take a photo of the thing you want to sell, upload it to a digital marketplace and that’s it! Before you know it you could have cash in your hands. Find out more with Monzi’s guide to buy, swap and sell platforms today.

Offer a service on Gumtree instead of loans for unemployed

Offering service on Gumtree is different from Airtasker because you post what you can do, and customers come to you!

For example, if you have an affinity with dogs, offer a dog walking service in your area. Things may be a little slow at the beginning, but you may be able to quickly build up a customer base. In addition, you could supplement your Gumtree ad with a post in your local community Facebook page.

Sign up for clinical trials or research

This is a lot less intense than it sounds.

A lot of hospitals and even universities may advertise for participants in clinical trials or for research experiments. These can range anywhere from performing a few simple tasks while being monitored, to spending over a week in a hospital.

The larger the trial, the bigger the financial compensation for you.

Often, however, these institutions are careful with who they select. In other words, if you are a smoker or are not in the best health, it may be difficult to be accepted for a trial.

Drive for money

If you’re between jobs but have spare time and a decent car, consider signing up as a driver for Uber or Ola.

You’ll need to get some certification from Uber or Ola, but this is relatively easy and pain-free. From there, you’ll just download the app and choose the hours you work.

With price surging, you can make a nice amount of money driving revellers home in the wee hours of Saturday morning.

Woman with backpack looking for fast cash loans for unemployed

Am I eligible for Monzi?

We’ve tried to keep our lender-finder service as open to as many Australians as possible. Therefore, our eligibility criteria are simple and straightforward:

  1. Are you at least 18 years old?
  2. Do you hold an Australian Citizenship or Permanent Residency
  3. Have you been receiving some sort of income over the past 3 months?
  4. Do you have a personal mobile number and email address?

If you meet the above criteria – great!

Am I eligible for an unemployed loan?

So, you’re eligible to use Monzi’s lender-finder service. However, Monzi just tried to pass your information on to a potential lender. From there, your lender will conduct an assessment of your application before approving or declining your application. Consumers will need to meet a few things before they can be approved for a loan.

Do I earn enough?

If you’re looking for fast cash loans for unemployed Australians, you’re obviously not employed in the traditional sense. You will, however, need to show you are earning some sort of regular income. After all, lenders will need to be sure you can afford the repayments.

How much Centrelink do I receive?

While lenders may be able to regard regular Centrelink payments as income, many will have some sort of regulation around this. For example, some lenders may require that Centrelink payments be no more than half of your income. On the other hand, some lenders may not accept Newstart Allowance or Disability Support Pension. Therefore, you may need to consult the lender directly for the specifics.

The regulations around Centrelink income will vary from lender to lender.

What is my credit like?

Lenders offering unemployed loans may be more flexible than traditional lenders when it comes to credit ratings. Obviously, however, there are limits to this flexibility. If you are, for example, bankrupt, it may prove difficult to be approved.

This is, however, will depend on the lender you’re paired with.

Do I have any assets?

If you have an asset like a car, motorbike, caravan or boat, you may be able to attach it as security for the loan. Attaching security to a loan reduces the risk for the lender. As a result, lenders may be more inclined to approve your application.

Approval is always at the discretion of the lender.

Case study – Jarrod needs a loan

Jarrod has recently graduated from University and is looking for a job. While he is between jobs, he is living off Centrelink payments.

After a few weeks, Jarrod is offered a job in sales. However, as part of his job, he will need to travel around the local area – so he now needs a car. Luckily, his brother offers to sell Jarrod his old car for $1,000.

Jarrod considers applying for a Centrelink Cash Advance, but the money won’t be available quickly enough to secure the sales job. Instead, he decides to apply for instant online cash with a short-term lender.

The lender assesses Jarrod’s income and expenses and deems him able to afford the repayments out of his normal Centrelink income. As a result, Jarrod’s application is approved and he is able to purchase the car. He later secures the sales job, and is able to comfortably afford his repayments with is new salary.

Stress-less credit checks

Credit checks don’t have to be your enemy. Put simply, Monzi works with lenders who consider more than just your credit score. While lenders may still conduct a credit check on your application, they may be able to focus on other factors.

How can they do this? Well, during the application process, you’ll be asked to provide your internet banking details. By doing this, lenders are able to access a read-only copy of your bank statements.

Therefore, lenders are able to get a better feel for your overall relationship with money. In other words, they can quickly see your income, expenses, as well as how you’ve been handling any other repayments you may have.

Loans for unemployed people made easy

We have tried to keep the entire Monzi experience as smooth and as streamlined as possible. After all, we want our customer’s time with us to be stress-free and convenient.

That’s why when you apply, we only ask for your essential information. Therefore, you can complete your submission in minutes! If you have an internet-capable device, you could even submit an application on the bus home, or while you’re lazing on the couch with a cuppa in hand.

Where can I get a loan without proof of income?

Unfortunately, the vast majority of lenders will require some sort of proof income before they consider offering personal loans.

Monzi, however, cannot speak to the policies of all the lenders in Australia. What we can say is, Monzi will not be able to match you with a lender who will offer a loan without proof of income.

Lenders who are willing to offer loans without proof of income may, especially, be less-than-reputable. Some may even be a downright scam.

If you see lenders offering loans with guaranteed approval no matter what, you may want to avoid applying for a loan. Luckily, the Australian Securities and Investments Commission (ASIC) has a list of companies you should not deal with.

Unemployed payday loans

While payday loans are often talked about, it’s worth understanding exactly what they refer to.

In short, these loans typically cover small unsecured cash loans up to $2,000 with repayment terms of up to 12 months. Moreover, these lenders often work fast too in order to provide you with an outcome ASAP.

At Monzi, we work with lenders who may specialise in offering personal loans from $300 to $2,000 rather than payday loans Australia. So, when you’ve got a minor cash need, consider applying with us. Our lender-finder system could match you with an available lender offering the small loans bad credit you require in just 60 minutes. Scroll up and apply today.

Instant loans for unemployed

So, you’re unemployed and want to access cash loans online in a hurry?

Unfortunately, while we understand that nobody likes to wait, when it comes to all personal loans there will always be some waiting time involved. Given this, it’s interesting to consider exactly what lenders mean when they offer instant cash loans.

In short, an instant loan simply refers to a loan where you receive an outcome before you know. However, that won’t be the second you apply. After all, in Australia, lenders must assess all loan applications. As a result, there’s always some processing time required.

In any case, if it all goes to plan then you may receive an outcome and your cash on the same day. However, in some cases you may need to wait until the following business day.

Responsible lending and fast cash loans for unemployed

As we mentioned, lenders must assess all loan applications. This brings up the obvious question of what exactly are they assessing?

In short, as per Australia’s responsible lending laws, lenders must not enter into a credit contract with a consumer that is unsuitable for their needs and circumstances. As a result, the goal of an assessment is to determine your suitability for credit.

To do this, lenders will typically take three steps that are outlined in the National Consumer Credit Protection Act 2009. These are:

  1. The lender must make reasonable inquiries into a borrower’s financial situation.
  2. The lender must take steps to verify this information.
  3. Based on these inquiries, the lender must make a final determination as to whether or not the loan is suitable for the borrower.

Cash loans – what are they? Where can I get one?

Cash loans, as their name suggests, can be spent almost like cash. In other words, you can use them to cover almost any personal expense. As a result, cash loans can be used for more than covering an emergency expense.

The below table outlines some of the ways Monzi customers have spent their cash loans for unemployed.

Travel loanGetting from A to B can be expensive. It can be even more expensive if B is on the other side of Australia or the world.
Holiday loanNeed a break? Don’t we all. A loan to cover holiday expenses could be your ticket to daydreaming on the beach, cocktail in hand.
Car repairsHaving your car out of action is so much more than an inconvenience. In short, not having a car can derail other aspects of your life. Get back behind the wheel sooner with car repair loans.
Rental bondTime to move out of your parent’s place and into a share house? Or, maybe it’s time to get out of a sharehouse into a place of your own? Secure the property quicker with a rental bond loan.

24/7 loans for unemployed Aussies

Monzi’s lender-finder service is 100% online. As a result, if you’re unemployed you can apply with us wherever and whenever you want.

Watching the sunrise over a beach? You can lodge an application. On the bus to work one morning? You guessed it – you can lodge an application.

Keep in mind, however, Monzi may not be able to try and match you with a lender until normal business hours. So, if you do lodge an application outside of our normal hours, we’ll get straight onto it when we’re back in the office.

Which lender has the easiest loan approval?

If you’re unemployed and looking to access credit online then a loan with easy approvals may seem like the right choice for you. In short, these easy loans may come with criteria that are more relaxed than those applied by other lenders. The idea is they are potentially an accessible credit option for borrowers with less-than-perfect financial situations.

Unfortunately, Monzi cannot necessarily say which lenders will offer these quick and easy loans. Moreover, we cannot guarantee that you will be offered one of these loans if you are unemployed. After all, while some lenders may offer more lenient criteria, you must still meet a number of requirements. Most crucially, you must prove that you have the capacity to repay any money that you borrow.

Where can I get emergency cash?

At Monzi, we know that unexpected costs can strike at any time, day or night. That’s why we’ve made sure that our website is live 24/7. As a result, you can apply whenever you need. Just use the loan slider at the top of the page to complete an application and then our automated system will take over from there to try and match you with an available lender from our network who may offer the emergency cash loans that you need.

Having said this, be aware that applications received outside of business hours may experience delays in regards to receiving an outcome. This is due to the fact that lenders may not assess applications during these times. As a result you may need to wait until the following business day.

When will I have access to my cash?

While we all want the entire loan process to move as quickly as possible, there are certain external factors that may affect when you’re able to access your funds. So, if you’re frantically searching for same day cash loans, or unemployed loans need money now, here’s what you need to know.

  • Banking rounds. Lenders will have rounds of banking throughout the day where they transfer funds. If you, however, approve your loan contract after the last round of banking, your loan may not be transferred until the next business day.
  • Weekend transfers. Most lenders will be unable to transfer loans over the weekend. As a result, approving your contract over the weekend may mean your loan is only transferred the next business day.
  • Extra information. Lenders may have to stall the loan process if they need additional information from you. Therefore, aim to provide all relevant information the first time you apply.
  • Transfer policies. Your individual banking situation may also affect when you’re able to access your loan. In other words, transfer times between certain banks may be quicker than between others.

While we cannot guarantee you’ll receive your loan the same day as you apply, understanding the variables at play may increase your chances of receiving the loan sooner.

Personal loan for unemployed: is it the right choice for me?

Personal loans provide an option if you are short on cash and have expenses that you must cover now. However, before diving into an application there are things that you must consider.

Firstly, you must consider your financial situation. Think about your income, expenses and savings to determine exactly how much you need to borrow. In addition to this, try to find ways that you could cut costs to reduce your loan amount. Finally, make sure that you have a clear idea of the repayment amount that you can afford.

Your other consideration will relate to your costs. All personal loans will come with an interest rate and fees. As a result, you will always repay more than what you borrow. Although, this will be spread over a period of 12 to 24 months. In any case, aim to minimise your costs where possible (e.g. find a lower personal loan rate) and only agree to a loan that you are sure that you can afford.

Have any questions?

If you’ve got any questions about Monzi or what our lender-finder service involves then you are more than welcome to reach out. Email us at and one of our wonderful customer service team members will get back to you with a response. However, keep in mind that we will only monitor this account during business hours.

In addition to this, Monzi can only answer questions about our service and organisation. In other words, we cannot answer specific questions that relate to credit products on offer and loans that you’ve taken out. As a result, you must contact your lender directly for a clear answer.

I can’t afford to repay my loan

If you are unable to afford an upcoming repayment then contact your lender ASAP. Missed or late repayments incur a few, however, with sufficient warning your lender may work with you to develop a plan to manage the situation.

On a more serious note, if you suffer a major change in circumstances (e.g. lose your job) that leaves you unable to afford your repayments then you will need to submit a financial hardship application.

In short, contact your lender and they will be able to guide you through the process. Typically, you will need to supply supporting evidence as well as an estimate of what repayments may be affordable for you now.

Your lender will consider your application and if they approve it then revised repayment terms may be implemented.

Find lenders online

Head to the loan slider and get the show on the road. Otherwise, if you have any further questions, visit our FAQs.

Alternatively, keep up with Monzi over on Facebook, Instagram, Twitter and Pinterest.

Factor In


Two credit cards
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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 (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 comparison rate on loans between $300 and $2000 could be up to 199.43%. 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. 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.

Loan amount

$2,100 - $4,600


13 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


13 months (minimum)

24 months (maximum)


17% Annual Percentage Rate (APR)

36% 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 $16,489.

The starting interest rate for a Personal Loan is 17%. Comparison Rate 36% 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 $16,489. 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.