Get A Personal Loan Online – Apply From $300 To $10,000 With Monzi

Get a personal loan today from $300 to $10,000. Apply with Monzi and we might match you with a great Aussie lender in 60 minutes. Repayment terms from 12 to 24 months. It’s fast, easy and 100% online. There’s minimal stress and hassle. When you need a loan, apply with Monzi. Get started today!

Get a personal loan online

Has an unexpected expense come out of the blue to leave your budget looking a little battered? Maybe your car has broken down or you have an urgent bill to pay. Whatever the reason, you may want to get a personal loan to help smooth things over.

Personal loans are standard principal and interest loans. If you receive approval from a lender, you’ll get cash upfront to spend on whatever expense has got you down. From there, just make repayments over a few months or years until the balance of your loan has been repaid.

Through Monzi, you can apply for personal loans from $300 to $10,000. With repayment terms ranging from 12 to 24 months, you might be able to divide your costs into even, manageable instalments over a term that works for you. Best of all, the whole process takes place online.

Ready to begin? Apply now!

Monzi: personal loans at your fingertips

In days gone by, you had to visit the bank to get a loan. These days, it’s not that complicated. In fact, it’s so easy that you can potentially access cash on your mobile.

At Monzi, we’re committed to keeping things simple for our users. As a lender-finder, we won’t offer you a loan directly. Instead, we’ll do what we can to match you with an Aussie lender offering personal loans online from $300 to $10,000. That way, you might avoid the stress and hassle of doing it yourself.

Monzi’s service is 100% online and our website is compatible with your phone, tablet, laptop or computer. You can apply at any time, from anywhere. When you need to get a personal loan, this might be the best place to start.

Give Monzi a go today!

How long does it take to get a personal loan?

Typically, it varies.

In a best-case scenario, same day loans are possible. However, this may only occur if you provide all the necessary details and apply during business hours. Moreover, you must approve your loan contract before the last banking rounds of the day.

Beyond this, it’s often a good idea to account for a waiting time of at least one business day. Lenders will each have their own assessment policies and procedures. As a result, processing times can vary. While they do endeavour to provide fast loan approval whenever possible, sometimes, it can take some time to conduct your assessment.

How to get approval for a personal loan

When you apply for a loan, you want it to be successful. Lenders will conduct an assessment on your application to determine whether or not they can offer you a loan. Given this, before you begin your application, there are some important steps that you must take.

Firstly, get your finances in order. Before applying, cut down on unnecessary spending and aim to reduce or pay off any outstanding debts. This may increase your borrowing power. After all, lenders want to see that you are managing your finances effectively and can afford the repayments comfortably alongside your other obligations.

In addition to this, make sure that you have all the necessary details on-hand. Lenders will need to confirm your identity, income and other similar factors. If you fail to supply what’s required, then your application may be denied when it otherwise may have been approved. That’s where preparing can pay off.

By putting in the work beforehand, you might improve your chances of receiving approval on your loan application. However, remember that approval is never guaranteed.

Which is the best bank to get a personal loan from?

Unfortunately, Monzi cannot say.

Historically, banks have been the main source of personal loans. Moreover, they may offer car loans, home loans and other types of credit too. However, at Monzi, we don’t work with banks. Instead, we aim to match our applicants with a range of new-age lenders who will do things differently.

Often, banks are more rigid in their terms. By comparison, online lenders may use the latest technology to assess your application ASAP. Beyond this, they may always consider people with bad credit or benefit payment recipients.

That said, if you would like to apply for a bank loan, that’s OK. You must simply do your own research to find the loan that’s right for you. If you decide to apply for a fast cash loan instead, give Monzi a try. Scroll up to the loan slider or hit the “Apply Now” button.

Where is the best place to get a personal loan?

As with the best bank loans, Monzi cannot provide a clear answer as to where the best place to get a personal loan is. In short, we might be able to match you with a range of Aussie credit providers who will each offer a variety of credit products. With this, the best personal loan for you may not necessarily be the best loan for another person. It simply comes down to your goals, needs and objectives.

If you apply with Monzi, we’ll do our best to match you with an available lender who might be willing to consider your application. In other words, we cannot say whether or not they will be the best. Often, you may need to compare lenders and the products they offer to determine with certainty which loan is the best for you.

Get a personal loan with bad credit

In days gone by, the answer may have been no. However, in the new-age of online lending, it’s often possible to receive bad credit loans. In short, the lenders that Monzi works with understand that your credit history is simply a piece of the puzzle. With this, they will assess your current financial situation too.

While a few credit mistakes in your past may show up, if you have implemented positive changes and are managing your budget well, then some lenders may offer the loans for bad credit you need. It’s all about a new philosophy and a big picture approach.

When you need to get a bad credit personal loan, Monzi might be able to point you in the right direction. Apply from $300 to $10,000 today.

Can I get a personal loan on the weekend?

You can apply for 24/7 loans with Monzi. Anytime, any place, we’re always ready to receive your application. From there, our automated system will attempt to match you with a lender who might offer weekend payout loans from $300 to $10,000.

Unfortunately, though, we cannot guarantee if you will receive a loan across the weekend. As a guide, if you apply outside of standard business hours, then your application may experience delays. After all, lenders don’t work around the clock. Instead, they have standard hours just like any other business.

In any case, apply with Monzi whenever the need strikes. Just remember that you may have to wait until the next business day for the process to be completed.

What about on Centrelink?

If benefit payments account for a portion of your income, you might be able to access loans for people on Centrelink. In short, some lenders may consider these payments as income. Therefore, if your loan repayments would fit comfortably with your budget and you meet the necessary criteria, it may be possible to receive loan approval.

That said, lenders do vary in their approaches to instant loans on Centrelink. Some lenders may not consider Centrelink applicants. Others may require that these payments aren’t your primary source of income. Ultimately, your outcome may vary based on the lender you are matched with. As a result, approval is never guaranteed.

I’m unemployed: can I still borrow money?

It might be possible. Generally, lenders will not offer loans to unemployed individuals. After all, if you aren’t working, you may not earn a consistent income, meaning you would lack the capacity to afford your loan repayments. That said, some lenders may accept Centrelink benefit payments as a form of income.

In any case, if you are out of work, then taking out an instant loan may not be an appropriate financial decision. These loans can be expensive and may put undue strain on your budget. While they might solve a problem today, the long term commitment may be unsuitable. Therefore, you should instead consider alternatives such as a Centrelink advance or community schemes (e.g. No Interest Loan Scheme).

Am I eligible to apply with Monzi?

When you need a loan, Monzi could be a great place to start. However, before you apply, confirm that you are eligible. For your application to progress, you must check the following four boxes:

  • At least 18 years of age.
  • Australian citizen or permanent resident.
  • Have a current email address and mobile phone number.
  • Earned a regular income, deposited into an online bank, for the past three months.

No worries? You can move onto applying. Here’s how:

How do I apply?

At Monzi, we think applying should take minutes, not hours. We’ve made it simple for you. That way, you can get back to doing the things you want to be doing. Just follow these fours steps:

  1. Select a loan amount and repayment term using Monzi’s loan slider.
  2. Complete the online application form by providing the necessary personal and financial details. Hit ‘Submit.’
  3. You’ve completed your work. We’ll take it from here as our automated system attempts to match you with an available lender from our network.
  4. We’ll be in touch via text or email with your outcome. If successful, your new lender should reach out to begin the assessment process.

That’s all it takes with Monzi. While Monzi cannot guarantee if your application will be successful, we’ll do our best to match you with a lender who might be able to help.

Apply now from $300 to $10,000.

Woman smiling in a denim jacket after she was able to get a personal loan through Monzi

What information do I need to provide?

To get a loan, there are some crucial details that you must provide. Lenders will use this information to assess your application. From there, they can determine your outcome. Given this, before you apply, ensure that you can supply the following:

  • Personal information (e.g. name, date of birth, etc.).
  • Online bank details
  • Income and employment information
  • Security details (if applicable)
  • Estimates of your current expenses
  • The amount you wish to borrow and reason for applying.
  • MyGov details
  • Any other information that may be relevant.

Note that if you fail to provide any of the information listed above, then your outcome may be delayed or your application may be unsuccessful.

Can I get an unsecured personal loan?


Through Monzi, you can apply for small loans up to $2,000. If approved, you must repay these unsecured loans over 12 month. As a result, they’re a type of short term loan.

More often than not, you won’t need a large loan. Instead, you’ll simply be looking for a small loan to help you bridge a gap. As a guide, you might use your small loan to cover anything from car repairs to unexpected bills. Best of all, as they are repaid over a short term, you might have it repaid before you know it.

Keen to get started? Apply for instant decision unsecured personal loans starting from $300 with Monzi today!

Are there secured personal loans too?

Of course.

Lenders may offer secured personal loans for amounts ranging from $2,100 to $10,000. As a result, if your cash needs are on the larger side, this might be the option that you have to consider.

In most cases, lenders may allow you to get a loan against your car, boat, caravan or motorcycle. However, to be eligible, you must be the registered owner of the vehicle and it must have sufficient value to cover your proposed loan amount.

If you default on your loan, then your lender may consider instigating the repossession process. Therefore, consider the costs and consequences of a secured loan before you apply. While it may help you unlock large loan amounts, it could create issues down the line if you fail to manage your loan appropriately.

How to get a personal loan with no credit

If you are young or have never opened a line of credit, then it’s possible that you may have no credit history. With this, you won’t have a credit score of 0, 100 or 1,000, you simply won’t have a credit score.

In this situation, it can be slightly harder to get a loan. After all, lenders use credit checks to assess your reliability as a borrower. With no credit history, lenders have no way to assess this. As a result, they must focus their assessment solely on your current financial situation.

Given this, to get a loan without credit history, it’s crucial to establish a strong financial situation. If lenders can see that you are earning a consistent income and manage your expenses well, then they may trust your ability to afford the loan. From there, they may offer the instant cash loan you require.

Compare personal loans

When you get a personal loan, keep in mind that they won’t all be the same. Given this, it often pays to shop around. Just as you would compare the price of new sneakers or the data cap on a new phone plan, you should compare personal loans too.

If you’re new to the world of loans, you might be wondering what to compare. No worries. We’ve provided a quick list of key factors below:

  • Costs: you will repay more than you borrow, that cannot be avoided. Lenders apply fees and interest. Where possible, aim to find the lowest rates and fewest fees. Use the comparison rate to compare the annual cost of loans side by side.
  • Terms: is the loan secured or unsecured? How long do you have to repay the loan? Are there any other noteworthy features?
  • The lender: you should only deal with licenced Australian credit providers. In addition to this, check their reviews to get an idea of past borrowing experiences.

Beyond this, there could be a host of other factors to consider too. Always account for how the loan would suit your budget.

Can I get a personal loan for a house deposit?

You may. However, this might depend on the lender that you are dealing with and their policies.

As a guide, lenders usually prefer to offer home loans with a 20% deposit. That said, some low deposit home loans may be offered from as little as 5%. If you cannot pay anything upfront as a deposit, then you may not be offered a loan.

In terms of borrowing money to pay your deposit, remember that a home loan is already a significant financial commitment. Adding extra debt on top of this via a personal loan may not be suitable for your budget. Instead, it may be best to investigate options such as guarantor loans or lenders mortgage insurance.

Finally, keep in mind that Monzi doesn’t work with lenders offering mortgage loans. If you are looking to purchase a home, you must approach a bank or specialist home loan lender.

What should I think about before I get a personal loan?

Before you borrow money, it’s important to consider whether it is the right choice. Taking on debt can be risky and expensive. As a result, while it might solve a problem today, you may encounter challenges down the line.

Given this, before applying, make sure that you ask yourself the following questions:

  • What’s my current income?
  • What are my current expenses?
  • Do I have any outstanding debts?
  • How have I managed loans in the past?
  • How much do I need to borrow?
  • What repayment amount could I afford?
  • Are there any ways to reduce my loan amount?

Finally, it’s never a bad idea to seek professional guidance. Qualified financial counsellors may help you to determine your options and find ways to better manage your money.

I’m unhappy with the loan I was offered?

That’s OK.

If a lender offers you a loan, you are under no obligation to accept it. This means that if you decide that the costs or terms are unsuitable, then you can simply decline the offer. Just inform your lender that you no longer wish to proceed with your application and the process will not continue.

With this, it’s important to read your contract carefully. Take note of any fees and charges and consider whether the repayments are affordable for your budget. You cannot cancel your contract once you have signed it. As a result, it’s important to put in the proper work to determine whether it’s a suitable personal loan for you.

Should I get a personal loan or a credit card?

A credit card may be a viable alternative to a personal loan. However, it will depend on your goals and intentions.

For one-off expenses, personal loans may be advantageous. After all, you receive cash upfront that you can use to cover the urgent shortfall. From there, your lender divides your costs into a series of regular repayments. After a few months or years, you can be debt-free.

On the other hand, credit cards may be a better choice to manage on-going cash flow issues. In other words, to help you get by to your next payday, you could make purchases on your card. Once you receive your wage, you can then pay off your outstanding balance. As a result, a credit card can be a handy thing to have in case of emergency.

Given this, you’ll need to weigh up the pros and cons of each. Consider your needs and circumstances to help you decide whether to get a personal loan or a credit card.

What credit score is needed to get a personal loan?

In short, it depends.

Generally, your credit score is only one part of the equation. As a result, it’s difficult to state what credit score you may need. In addition to this, lenders do vary in their requirements and eligibility criteria which only makes things trickier.

One thing to be aware of is that there may not be a set minimum. As an example, let’s look at two borrowers. The first has a credit score of 500, but poor spending habits and inconsistent income. The second has a 400 credit score but is managing their money effectively. In this situation, it’s more likely the second borrower will be offered a loan, given their financial circumstances.

So, while a credit score may not be the be-all and end-all, higher is usually better. Beyond this, before applying, do what you can to establish a secure financial position. That way, you can give yourself the best chance of receiving instant loan approval.

Why is Monzi the best way to get a personal loan?

As we’ve touched on, Monzi isn’t a lender. While this might make you hesitant to apply, allow us to outline some of the great benefits that you’ll experience when you apply with Monzi. As a guide, they may include:

  • Easy applications: from start to finish, you can apply in minutes with Monzi.
  • Fast outcomes: apply during business hours and we might match you with a lender within 60 minutes.
  • Trusted lenders: we work with a network of licenced credit providers who will do things by the book.
  • Plenty of choice: you can apply for fast loans from $300 to $10,000. Moreover, there are secured and unsecured options on offer. That way, there might be something for everyone.
  • Australia-wide: as we’re an online service, you can apply from anywhere in Australia. All you need to do is an internet connection.
  • 24/7: you can apply for 24/7 loans with Monzi. Our website is always online and active.

So, rather than going through the rigmarole yourself, let Monzi take the lead. We could match you with a great Aussie lender today.

Contact us

At Monzi, we’re experts in the lender-finder game. Therefore, if you have any questions about our organisation or service, you’re welcome to get in touch. Contact us today at and our customer service team will respond in a prompt and polite manner. Just remember that we will only monitor this account during business hours.

In addition to this, keep in mind that Monzi is not a lender. As a result, we may not be able to answer questions regarding the loan you may be offered or your eligibility. You may need to contact a lender directly instead.

Finally, for more information, consider reading Moneysmart’s guide to personal loans or if you’re struggling with debt, call the National Debt Helpline on 1800 007 007.

Get a personal loan now: apply from $300 to $10,000

Online loans made easy with Monzi. Don’t spend your time trawling through search results, trying to pick a lender from the mix. Let Monzi do the heavy lifting instead. Submit one quick and easy application and we might provide you with an outcome in just 60 minutes. Apply now from $300 to $10,000. It’s fast, easy and there’s minimal stress.

To begin, hit the “Apply Now” button or scroll up to Monzi’s loan slider at the top of the page. We’d love to hear from you.

For more Monzi content, follow us today on Facebook, Instagram, Twitter and Pinterest. We’re always happy to make new friends.

Factor In Costs

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.