Fast cash loans are potentially available from $300 to $10,000. Moreover, Monzi’s lender-finder service may be able to quickly and effortlessly match you with a potential credit provider.
Monzi is a lender-finding service. We do not offer financial advice. Consider seeking independent legal, financial, taxation or other advice to check how the information and ideas presented on this website relate to your unique circumstances.
What is a fast cash loan?
A fast cash loan is a loan that can be applied for and processed directly and quickly. In other words, there is little time between lodging an application and receiving an outcome. Finally, if you’re approved, funds may be transferred the same day you apply.
Finance for when life throws you lemons
As you grow up, one thing quickly becomes apparent: life rarely goes to plan.
We’ve all been there, really. One minute your skipping through life with a full bank balance and nothing to worry about. The next, you’re frantically searching online for fast easy same day cash loans.
Monzi understands how stressful situations like these can be. As a result, we want to try and make these moments a little less hectic. After all, there is so much more to life than worrying about money.
What do we do? Monzi aims to pair Australian consumers with quality online credit providers. More specifically, we will try and match you with credit providers potentially offer personal loans from $300 to $10,000.
Fast easy cash loans with Monzi
Finding lenders online can quickly become stressful if you need fast credit. Throw in an emergency expense or a deadline breathing down your neck, and the whole process may become borderline overwhelming.
Consumers with poor credit may find it difficult to be approved with a traditional lender like a bank or credit union. In addition, traditional lenders may not be able to process your loan in the time you need.
There are, however, lenders out there that may be able to do things a little differently. In other words, consumers may be able to access their funds the same day they approve their contract. Moreover, these lenders may be more understanding of bad credit.
The next question is, naturally, where can I find a lender like this? Well, Monzi’s lender-finder service may be able to help you out. In short, our network of lenders may be able to offer personal loans from $300 to $10,000.
How can Monzi help me find fast easy cash loans online?
Let’s rewind the clock to when Monzi began. In short, it all started with the desire to help as many Aussies as possible to gain access to quality personal loans online. Since then, we’ve already helped thousands of Australians, just like you.
Check out some of the loans our clients were eventually approved for through our network:
|Fast easy cash loans||Amount (AUD $)||Approved|
|Easy fast cash loans||$1,700||✓|
|Fast and easy cash loans||$2,200||✓|
|Fast easy cash loans online||$3,000||✓|
Just keep in mind that the above table is for demonstrative purposes only. The terms and figures presented may not actually reflect the loan you may be offered.
Are you eligible?
While we wish we could help anyone who applies, we do have a few industry-standard criteria you will first need to meet:
- To apply you need to be at least 18 years old.
- Only Australian Citizens and Permanent Residents are able to apply.
- You must have at least 3 months of regular income.
- Finally, you will need a personal mobile number and email address, so we can contact you.
So, if you can say yes to everything listed above, you’re ready to get started with Monzi.
Ready to apply?
Lodging an application on our website is super easy and may only take you a few minutes. After all, Monzi is not in the business of making things more difficult.
While applying is so easy and straightforward, we’ll still run you through each step of the process below.
One – apply online
Get started by either heading to our homepage, or scrolling up to the loan slider at the top. The loan slider lets you easily select the amount you’d like to apply for, as well as your ideal repayment terms.
In addition, consumers will be shown examples of what the weekly, fortnightly and monthly repayments may look like on their loan. However, keep in mind they are just examples. After all, the actual cost of your loan may vary between lenders. Therefore, only use these examples as a rough guide.
Click Apply Now once you are happy with everything.
Two – finding a lender
At this stage, we get the information we need from you. We only ask for essential information and use some space-age technology to digitally access some of the info we need. As a result, this step may only take you a few minutes.
Keep in mind, if you receive Centrelink, you may need to keep your myGov details handy. In addition, if you are applying for a secured loan, make sure all information relating to your vehicle is up to date and correct.
Three – outcome
Once you submit everything we need, we get to work doing what we do best. In short, we’ll try and match your application with an available credit provider. Keep in mind, lenders all have different assessment criteria. As a result, if one is able to make you an offer, they will be in touch.
If we successfully match you with a lender, you will deal with them directly. However, this does not mean you are done. Your lender will first assess your application, and send through a digital loan contract if you’re approved.
Your credit provider will transfer your funds after you approve the contract.
When will I get my cash?
The question everybody has been waiting for. Unfortunately, however, we cannot guarantee a specific timeframe for access to cash.
For example, if you are with a certain bank and are paired with a certain lender, you may receive instant cash loans online within 60 seconds. However, another consumer with a different lender may take a little longer.
Generally, you could expect to see your cash within 24 hours of approving the contract. However, if you approve your contract outside of normal hours or over the weekend, your loan may only be transferred the following business day.
Looking for same day cash loans? Apply for up to $10,00 through Monzi’s lender-finder service.
How can I get a loan without a credit check?
Credit scores may be the deal-breaker when it comes to traditional forms of credit. As a result, many consumers with poor credit may feel a no credit check loan is the only way for them to be approved.
This, however, is simply not true. In short, Monzi works with a wide network of lenders that may be able to offer bad credit loans, even after a credit check has happened.
This is because credit providers may be able to focus on other aspects of your application. More specifically, lenders may prefer to concentrate on your current income, expenses and recent banking history.
In short, Monzi cannot guarantee whether or not a lender will credit check your application. As a result, we cannot guarantee you will be offered easy fast cash loans no credit check.
What you can be sure of, however, is lenders will not solely focus on your credit history.
What is the best place to get a quick loan?
This all depends on what you value in a quick cash loan.
For example, if you value speed and convenience, an online short term lender may be a good option. On the other hand, if you are looking for lower rates, you may need to spend time shopping around and comparing lenders.
Ultimately, your personal circumstances will determine a loan’s suitability.
Case study: Kevin’s fast loan needs
Kevin’s favourite band is touring Australia but, unfortunately, is not coming to his own city. To make matters worse, he does not have enough time accrued to take days off to go see them.
To Kevin’s amazement, the band announces a last-minute additional gig – in his city! However, with such short notice, Kevin does not have enough money in his savings to afford the expensive ticket.
As a result, he weighs up his options. Kevin is sure this may be the last time the band tours Australia. Therefore, he believes this may be his only opportunity to see them.
With tickets selling fast, Kevin realises he needs fast finance and needs it ASAP. He uses a lender-finder website that quickly pairs him with a credit provider. The credit provider assesses and approves his application, and sends through loan contract.
Kevin is able to access his quick cash loan within an hour and secures his ticket.
Where do I find fast easy cash loans for bad credit?
Has bad credit stood between you and approval in the past? We know how a bruised credit score can overstay its welcome. However, your experience with Monzi’s lender-finder may be a little different.
In short, Monzi does not think some poor financial mistakes in the past should govern your access to credit today. The best part? Our network of lenders believe the same.
As a result, the lender Monzi pairs you with may be able to focus instead on your current financial situation. More specifically, lenders will look to confirm your regular income, expenses and any other repayments you have.
In addition, our 100% online system lets Aussie consumers apply 24/7 for instant cash loans for bad credit. However, if you apply over the weekend, your loan may not be processed until the next business day.
Depending on the lender you’re paired with, as well as your banking situation, you may receive 1 hour cash loans very quick funds Australia.
Why do lenders even care about credit?
If you’re searching online for loans, you’ll quickly realise that credit history seems like a big deal. After all, between no credit check loans and bad credit loans, you may feel like there is no escape.
As a result, you may be wondering why on earth your credit history even matters? Let’s fill you in.
In short, lenders use your credit history and score to help determine your creditworthiness. Creditworthiness refers to the extent at which you are considered suitable to receive credit. This is based often on how reliable you have been making repayments in the past.
Therefore, your credit history can directly influence:
- The amount a lender is willing to offer.
- Whether or not a lender approves your application.
- The interest rate and other fees and charges.
Can I improve my credit score?
A poor credit record may be frustrating, and can often limit the options available to you. The good news is, however, anybody can improve their credit score.
Your credit score is a numerical representation of the information in your credit report. Moreover, your credit report contains information on your borrowing history, both good and bad. As a result, consistently displaying good borrowing habits will improve your credit score.
Here are some things that can improve your credit score:
- Lower your credit card limits.
- Consolidate multiple personal loans.
- Reduce the number of new applications for credit.
- Consistently make your repayments on time.
- Settle any outstanding debts.
- Pay your credit card off in full each month.
Do your lenders consider people on Centrelink?
Yes, we may be able to pair you with a lender if you receive Centrelink.
Other more traditional lenders may be unwilling to offer loans to consumers who receive Centrelink. The lender Monzi might pair you with, however, may be able to do things a little differently.
Keep in mind, however, we cannot guarantee you will be approved. This is because lenders may all vary in terms of their eligibility criteria. More specifically, lenders may vary in terms of:
- What kinds of Centrelink benefits (Newstart, Disability Support Pension etc.) they are able to accept.
- How much of the consumer’s income these benefits can make up.
As a result, approval always rests with the lender themselves. All applications are subject to approval.
What kinds of fast easy cash loans can I apply for?
We work with a broad network of credit providers. This gives our customers a wide variety of loan products they can apply for. More specifically, our network of lenders may be able to offer personal loans from $300 to $10,000.
Generally, you have the option of applying for three broad categories of personal loans:
Small personal loans are available from $300 to $2,000. These unsecured loans generally have a repayment term of 13 months.
Medium personal loans are valued between $2,100 and $4,600 and are secured. Therefore, you will need to nominate one of your assets as collateral against the loan. Usually, the repayment terms for medium loans range from 13 to 24 months.
Large personal loans from $5,000 to $10,000 are similar to medium personal loans by the fact they are both secured loans, and have repayment terms around 13 to 24 months.
It is important to note that the repayment terms of your actual loan may vary depending on the lender you match with.
What is a secured fast easy cash loan?
A secured loan is a loan guaranteed by one of the borrower’s assets. In other words, the borrower pledges an asset as a guarantee they will fulfil the conditions of their loan contract. In the event of a default, the lender is able to repossess the asset and recoup some of their losses.
As a result, secured loans pose less of a risk to lenders than unsecured loans. After all, lenders can recover their losses with a secured loan. On the other hand, if the borrower defaults on their unsecured loan, the lender cannot repossess any assets.
Finally, lenders are often willing to lend larger amounts for secured loans. In addition, the interest rate and fees may be lower with a secured loan.
What can I use as security?
If you wish to apply for a secured loan, you first need an asset to use as security. Generally, Monzi’s network of lenders can accept your car, motorbike, caravan or boat as security.
Consumers must, however, be the registered owner of the vehicle they wish to use as security.
What happens if I can’t pay a secured loan?
Credit providers are legally able to repossess your vehicle in the event of a default. This is, however, the last resort for most lenders. The repossession process will, generally, only begin once every other avenue has been exhausted.
In addition, consumers are protected by Australian laws in the event of default. As a result, it is important consumers understand their rights in the repossession process.
For example, credit providers can only begin repossession if:
- The consumer is behind on their repayments.
- The credit procider has issues a default notice, giving 30 days to pay the overdue amount.
- You have failed to settle the overdue amount, negotiated a resolution or lodged a request to postpone repossession within the 30 day period.
Additionally, nobody can enter your property to seize your asset without:
- a court order; or
- written consent from the consumer.
So, for example, if your car is parked on your street, the lender is legally able to tow it without your consent.
Visit ASIC’s Moneysmart for more information on your rights during a repossession.
I’m struggling to afford fast easy cash loans repayments
Do you feel like you are going to miss an upcoming repayment? The first step is to not stress – you’re not the first one.
Credit providers generally understand how life can get in the way of our best-laid plans. Therefore, if you are unable to afford an upcoming repayment, try and get in contact with your lender as soon as possible. Usually, if you give at least 24 hours notice, your credit provider may be able to cancel or reschedule your repayment for a contractual fee.
Keep in mind, lenders may all vary in their policies. Monzi cannot guarantee the policies of individual lenders.
Experiencing hardship? Don’t suffer in silence
Consumers should not have to endure significant hardship to meet their loan repayments. This is why lenders assess your application: to ensure you will be able to comfortably afford repayments within your regular budget.
Our own situation can, however, change dramatically. So, if your life has bee turned upside down (i.e. lost your job or badly injured) your ability to afford your loan may be affected indefinitely.
Luckily, credit providers have procedures in place for these situations. Therefore, if you are experiencing hardship, get in contact with your lender.
To file for hardship, you will need to provide evidence of hardship. This could be, for example, termination of employment letter or a medical certificate. Next, your lender will assess your claim. Finally, if you’re approved, you’ll likely be offered a repayment plan.
Benefits of using Monzi for fast easy cash loans
We think our lender-finder service is pretty great. And, so do the thousands of Aussies that visit our site every day. Why do they keep coming back? Let’s tell you:
- Fast application. Consumers may be able to complete their application on our website within minutes.
- We don’t waste time. We’ll begin looking for lenders as soon as you submit an application. However, if you apply outside of normal hours, you may not receive an outcome until the next business day.
- We’re here for you. We may be 100% online, but we value strong customer service as much as anyone. Therefore, if you have any questions about Monzi or your application, you can chat with a real person at firstname.lastname@example.org.
- Responsible lending. Any lender you are paired with will be fully-licensed by ASIC. In addition, they all take their responsible lending obligations seriously.
The entire application process happens online.