Are fast cash loans really that fast? We think they should be. That’s why we find loan providers that offer a quick outcome on loan applications. Simply apply, and we’ll do our best to put you in touch with the right lender that suits your finances.
Find fast finance online
When it comes to covering an emergency expense, time is of the essence. Therefore, it can be incredibly tedious to search through, and apply with, different lenders.
Searching through pages of lenders can be exhausting and in the end, how do you make the right decision? That’s where come in. Put simply, we search, so you don’t have to. Rather than give up, enlist the help of Monzi Loans – expert lender-finders.
We know the last thing you need is the stress of a lengthy application process. After all, you just want a lender who can say yes! Well, we’ll do our best to find you the perfect match.
What are fast cash loans?
Fast cash loans allow borrowers to access credit quickly. Often, these quick loans online can be accessed the same day the contract is approved. As a result, these loans can be popular with people looking to cover an unexpected cash shortfall.
These loans can be used to cover a myriad of personal expenses. So, from holiday costs to covering a rental bond, and everything in between, quick cash loans may be a great option.
In addition, if you need cash fast, consider using Monzi’s lender-finder service. We could make an already fast process even quicker!
How can I get a fast cash loan?
Fast cash loans are designed to be convenient. After all, they’re often there for when life throws up an unexpected or urgent expense.
In general, consumers can apply for quick cash online. Most lenders will allow you to submit an application 100% online, so you won’t even have to leave the house! However, Monzi’s lender-finder service may make things even easier.
Here’s how you can make Monzi’s lender-finder service work for you.
- Head to monzi.com.au.
- Enter in your ideal loan amount and terms in the loan slider.
- Click Apply Now.
- Fill out the submission form.
- Kick back while our automated system scans through loan products.
- If we manage to match you with a lender, they’ll take it from here.
- Your new lender will conduct an assessment of your application.
- If you’re approved, they’ll send through your loan contract.
Generally, your lender will transfer your funds after you approve your loan contract. Access to funds will, however, depend on inter-bank transfer times.
How can I get money fast without a loan?
Are you in need of cash in your pocket but don’t want to take out a loan? There may be a few things you can do to get a few extra dollars in your account.
- Look around your home. This may seem incredibly obvious, but you may be surprised how much extra cash goes missing in your house.
- Recycle. Certain states have bottle banks, where you can return glass bottles and cans for cash. It may take you a while, but it’s free money and you can feel good about cleaning up the environment.
- Sell items. If you have anything of value lying around your house that hasn’t been used in a while, consider selling it online. With platforms like Gumtree or Facebook Marketplace especially, you could have the cash in your hand by the end of the day.
- Do some part-time work. It is easy to pick up some extra work online. For example, offering a dog walking service on Gumtree is a simple way to earn a few extra bucks.
Unfortunately, however, there are times in our life where a few extra bucks just won’t cut it. Now and again, you need fast money loans in your account pronto!
How fast is a fast cash loan?
These lenders aim to process and transfer your loans as quickly as possible. After all, they are aware that when you need to cover an unexpected expense, you need to cover it quickly!
Generally, your lender will be able to transfer your funds after you’ve approved the loan contract. There are, however, certain variables at play that can affect how quickly you’ll see your loan.
- Banking rounds: Lenders will have certain points throughout the day where they are able to transfer your funds. Therefore, if you miss the final round of the day, your loan will be transferred the next business day.
- Weekends: Most lenders are unable to transfer your funds over the weekend. As a result, if you approve your contract late on Friday night, your loan may not be transferred until the next business day.
- Inter-bank transfer times: Certain banks handle transfers like these differently. Therefore, your individual banking circumstances may affect when you can access your loan.
Understanding the above variables does not guarantee you will receive your funds the same day. Instead, they can just give you a better understanding of the variables that affect your access to funds.
Where can I go to borrow money fast?
It is no secret certain lenders are able to transfer your funds faster than others. As a result, it is important to weigh up what is important to you as a borrower and make your decision accordingly.
If you’re in need of quick cash, you may start googling terms like instant approval loans need cash today. If this sounds like you, you may better off applying with an online short term lender, compared to a bank.
After all, banks may take days to assess and approve your application. However, with online short term lenders, this could all be done in hours!
Monzi, additionally, speeds this process up even more. In short, we take the guesswork out of finding lenders offering fast loans online.
Why Monzi loans?
We’re here to make your life easier – plain and simple. After all, we think there is more to life than spending hours and hours trying to apply with different lenders.
What do we do? It’s pretty straightforward. After you lodge one application with Monzi, we’ll scan through hundreds of different loan products to try and find you a lender that might be able to help with fast cash loans.
We realise time is of the essences. That’s why we’ve specially designed our cash loan application process to be as easy as possible. We cut through the nonsense and only ask for the information we need. As a result, consumers may be able to complete their application in minutes. Finally, after you’ve submitted, we’ll get to work trying to find you a lender. Easy, right?
Discover the potential of fast cash loans
Ever been just short on cash, right before a bill is due? Or, schools fees are due, and the money is nowhere to be found? Well, that’s where we come in. We may be able to find lenders for when you need that quick fix.
|Small personal loan||$300 to $2,000||✗|
|Medium personal loan||$2,100 to $4,600||✓|
|Large personal loan||$5,000 to $10,000||✓|
Small loans may have a repayment term of 12 months, while medium and large personal loans may have terms ranging from 13 to 24 months. Keep in mind, however, these repayment terms are just a guide. In short, the actual repayment terms of your loan may vary between lenders.
Who is eligible for fast cash loans?
While we’d love to help as many Aussies as possible, there are some eligibility criteria you’ll first need to meet:
- Are 18 years or older
- Receive a regular income into a bank account for no less than 90 days
- Are an Australian resident
- Have an email address and a direct contact number (we need to send you a verification SMS when you apply)
Meet the above criteria? Great! We’re ready when you are!
We do all the legwork
So, why use our lender-finding service? Why can’t you apply for many loans with lenders on your own? The answer to this is simple.
Applying for multiple loans will take up a lot of time and often, each lender may have different requirements. You can expect to be filling out forms, sending emails and making calls while trying to juggle all your applications.
With Monzi Loans, however, there’s only one application, one lender, and one loan.
What about credit checks?
At Monzi Loans, however, we find lenders that won’t just look at your credit score. They may conduct credit checks, but don’t let that deter you from applying for personal loans!
When you use Monzi, things may happen a little differently. While we can’t guarantee fast cash loans no credit check, we work with lenders that may be more understanding of poor credit.
How can I check my credit score?
Your credit score is calculated by analysing all the information in your credit report. As a result, it is a useful tool for lenders to get an idea of a consumer’s perceived creditworthiness. In addition, it is also useful for consumers to know their credit score.
Your credit score will be between 0 and 1,200 (Equifax) and 0 and 1,000 (Experian). In short, the higher your score, the better you are seen to be as a borrower.
Consumers can get a free copy of their credit report from various online providers.
Can we find fast cash loans no credit checks?
Are you looking for cash loans no credit check fast approval or fast cash loans for unemployed? Well, we cannot guarantee whether or not the lender you’re paired with will conduct a credit check.
If you have poor credit, you may feel like a no credit check loan is your only option.
Monzi, however, may be able to pair you with a lender that might still offer you a personal loan. How? Well, Monzi’s network of trusted lenders are able to look at more than just your credit score.
So, while we cannot guarantee no credit check loans, we can guarantee we work with lenders who’ll give you a fair go.
No hidden costs
At Monzi Loans, we find lenders in Australia that provide short term personal loans, with a variety of costs.
Typically, we can match you with lenders may be able to offer personal loans online from $300 to $10,000. Moreover, lenders may also offer unsecured personal loans from $300 to $2,000, and they don’t require any security.
In addition, Monzi also works with lenders who may be able to offer secured loans of $2,100 to $10,000.
Keep in mind, costs may vary between lenders. However, all the costs associated with your loan will be outlined in your loan contract. Therefore, it is important you read through your contract thoroughly before approving anything.
What can I use as security?
Lenders may require you to attach an asset as security against the loan. Often, this is required for larger loans ($2,100 and above).
Attaching an asset as security against the loan reduces the perceived risk for the lender. As a result, the lender will often be willing to loan a larger amount and may even reduce the interest rate on a secured loan.
Monzi works with lenders who are able to accept your car, motorbike, caravan or boat as security. You must, however, be the registered owner of the vehicle you want to use as security.
Looking for fast secured cash loans? No stress! We work with lenders who may be able to offer secured loans from $2,100 to $10,000.
What happens if I can’t repay my secured loan?
If unfortunately, a borrower cannot afford their secured loan, the lender has the right to repossess the vehicle. Then, the lender is able to sell the asset and recoup some of the losses they incurred on the loan.
This is, however, the last resort for most lenders. Generally, the repossession process will only commence once every other avenue has been exhausted.
Visit the Moneysmart website to learn more about your rights in the event of a repossession.
Can you help find payday lenders?
No. Monzi does not work with payday lenders. Instead, we’ll aim to pair you with a lender offering personal loans.
If you’re looking for payday lenders, consider using Monzi instead. We have a network of trusted lenders offering personal loans of up to $10,000.
What is the difference between payday loans and personal loans?
On the surface, personal loans and payday loans may seem quite similar. However, they are different in a few key areas. The below table breaks down the major differences between payday and personal loans.
|Personal Loan||Payday Loan|
|$300 to $10,000||Usually $2,000 and under|
|Repayment terms of several months to years||Repayment term sometimes as short as 4 weeks|
|Both secured and unsecured||Usually only unsecured|
The above table is just a guide. Put simply, it highlights the major differences between the two types of credit. Individual lenders may differ in the terms and amounts offered.
What can you use your fast cash loans for?
Many people in a sticky financial situation worry about how their reason for a personal loan will affect the outcome of their application. What you do with your cash advance is your business. We ask because lenders typically need to know so they can make sure that a loan is suitable for you. You can use your new cash loan for things like:
- Student loans.
- Funding a start-up business or a new venture.
- Car maintenance or registration.
- Home maintenance projects and tasks.
- Travelling or planning a celebration.
You can even use it as bridging finance when an emergency or unexpected expense crops up.
No job? Find fast cash loans
If you’re unemployed, but need credit, you could still use Monzi’s lender-finding service.
Monzi works with lenders that may be able to consider your application, even if you are unemployed. You will just need to show that you have been receiving a regular income into your bank account for at least the past 90 days.
Generally, this is in the form of regular Centrelink payments. However, you could still apply if you are unemployed but own an income-earning asset, like a rental property.
What if I receive Centrelink?
Receiving Centrelink does not automatically disqualify you from applying for fast cash loans. After all, lenders may be able to regard regular Centrelink payments as a form of income. Consumers receiving Centrelink will need to include their myGov details when they apply.
Lenders will look to see if your Centrelink payments would comfortably cover your normal expenses, as well as your new loan’s repayments.
Monzi has been meticulous in building a network of lenders that truly take their responsible lending obligations seriously.
Lenders are required by law to inquire about, and verify, a consumer’s financial situation and objectives. In addition, lenders are required to make an assessment as to whether the loan product is suitable for the consumer.
An example of an unsuitable loan product would be:
- If the consumer is unable to afford their repayments or can only do so under significant financial pressure; and
- the credit contract does not meet the consumer’s requirements and objectives.
Therefore, if your application was declined, don’t be disheartened. In addition, if you are declined today, that does not mean you will be declined in the future. Therefore, consider improving your finances and reducing your expenses and trying again in a few months.
How do I repay my fast cash loan?
Just like everything at Monzi, we work with lenders that look to make your life easier – not harder!
Therefore, when you borrow money from our network of online cash lenders, a direct debit will be set up from your account. In addition, you’ll be able to nominate whether you want your repayments to come out weekly, fortnightly or monthly.
From there, your repayments will be deducted automatically. Finally, once you have fully repaid your loan, the direct debit will automatically stop.
In short, the only thing you’ll need to worry about is making sure you have enough money in your account each repayment cycle. If you can do that, it’s plain sailing from here on in!
What if I can’t afford repayments anymore?
Life isn’t easy! We all get that. It doesn’t take a lot to derail one’s budget. If this happens while you are paying back a loan, and you feel you will be unable to afford one of your repayments, get in touch with your lender. Generally, if you get in contact with your lender 24 hours before the repayment is due, they should be able to reschedule your repayment.
However, sometimes our lives can change drastically. If you lose your job or are injured and no longer able to work, your ability to repay your loan may be affected indefinitely. In this instance, you need to get in contact with your lender’s hardship department.
If you file for financial hardship, you will need to provide supporting documentation. Next, your lender will assess your claim. If you are approved, your lender may restructure your loan.
Apply for fast cash loans with Monzi loans
What are you waiting for? Need cash now? All you need to do is apply online with Monzi Loans. Fill in your details once. Click apply. Close your eyes and make a wish! Depending on the lender, you may even receive your funds the same day.
Take a few minutes out of your day to complete our online application form. Financial freedom and the magic of speedy cash loans is mere moments away. Whether you’re looking for bond loan, cash loans for bad credit, bad credit loans or loans for people on Centrelink, we’ll do our best to help.
See that floating apply now button? Just click that to get started.