Guaranteed Payday Loans No Matter What Australia – Monzi

Guaranteed payday loans no matter what Australia – a term that may seem very attractive to certain consumers. They are, however, technically illegal. Moreover, consumers should be very wary of any lender offering guaranteed approval.

Monzi does not offer guaranteed approval payday loans. You are never guaranteed approval through Monzi. All applications are subject to assessment.

Guaranteed payday loans no matter what Australia – what are they?

In short, a payday loan refers to any small unsecured loan of $2,000 and under offered by payday lenders. The repayment terms of these loans can often be very short. Lenders may offer terms as short as four weeks.

A guaranteed loan is, as you may have guessed, a loan with guaranteed approval. As nice as this may sound, be wary of any lender offering these loans, as they may be a scam.

Why are guaranteed loans dodgy?

There are no loans in Australia that carry guaranteed approval. This is because all credit providers need to lend money responsibly.

Responsible lending is centred around the idea that consumers are not offered an unsuitable credit contract. For example, a loan is unsuitable for the consumer if:

  • The consumer’s financial needs and objectives are not met.
  • The consumer cannot afford their contractual repayments.

Moreover, to avoid the above, credit providers must take certain steps. Therefore, any lender offering guaranteed approval no matter what is not being responsible.

How do credit providers lend money responsibly?

The National Consumer Credit Protection Act 2009 discloses these obligations.

All credit providers must decide themselves on how they will meet their obligations. They must, however, take the following three steps:

  1. Making inquiries into the borrower’s financial situation, needs and objectives.
  2. Take steps to confirm the borrower’s financial situation.
  3. Make a final assessment of whether or not the contract is suitable for the consumer.

If you wish to learn more, or access a full copy of the guide, head to ASIC’s website.

Are there any guaranteed payday loans?

No lender can ever guarantee approval. After all, lenders need to make sure the loan product is suitable for you. In fact, there is a chance that any payday lenders Australia offering guaranteed approval are a scam.

If you fear you are dealing with a dodgy lender, here are some warning signs to look out for:

  • Lenders offering a guarantee.
  • Lender does not have a licence from ASIC.
  • Asked to make upfront payments.
  • Lender asking you to deposit the upfront payment into a bank account.
  • Emailed from a generic address.
  • Offered a suspiciously low interest rate.

Instant approval vs. guaranteed payday loans no matter what Australia

Consumers may also come across certain lenders online offering instant approval payday loans. The difference between instant approval and guaranteed approval, however, is important.

Instant approval may be quite a misleading term. In short, it does not mean your loan will be approved instantly. Rather, instant approval refers to lenders that can process applications so quickly, it may feel almost instant.

Instant approval, however, does not mean you are guaranteed approval. After all, every credit provider must assess your application.

The below table outlines a few guaranteed approval loans you may find offered online, as well as the legitimate option.

No credit check loans guaranteed AustraliaPayday loans no credit check Australia
Bad credit loans Australia guaranteed approval on CentrelinkPayday loans for Centrelink customers with bad credit
Guaranteed payday loans no matter what AustraliaPayday loans online

Keep in mind, the above table does not reflect the loans nor lenders available through our service.

Can Monzi help me find guaranteed payday loans no matter what Australia?


Monzi will only match you with responsible lenders. Moreover, Monzi may not even be able to match you with a payday lender. This is because we work with a network of lenders potentially able to offer personal loans from $300 to $10,000.

Personal loans vs guaranteed payday loans no matter what Australia

On the surface, personal loans and payday loans look to be quite similar. There are, however, major differences between these two types of lender.

For example, payday lenders generally only offer $2,000 and under. Although, certain lenders may be able to offer up to $5,000. In addition, payday loans are usually unsecured and may have very short repayment terms.

Personal loans may, on the other hand, be available up to $10,000. Moreover, lenders may be able to offer terms ranging from several months to years. Personal loans between $2,100 and $10,000 will require security to be attached.

What is the easiest loan to get with bad credit?

When looking for credit online, Australian consumers just want everything to run smoothly.

This question is, unfortunately, difficult to answer. After all, there are so many different variables at play. Therefore, the easiest bad credit loan for one consumer may be completely different for another.

Can I get a loan with really bad credit?

A very poor credit score tells lenders that you have a number of bad credit listings on your file. Lenders may, as a result, be apprehensive about offering you credit.

Despite this, consumers may still want to consider using Monzi’s lender-finder service. Monzi cannot guarantee approval. However, we work with lenders that can potentially focus on your current relationship with money.

The lender we may pair you with will often focus on:

  • Your current regular income and expenses
  • Employment status
  • Recent banking history

Are there guaranteed payday loans no matter what Australia alternatives for Centrelink?

Potentially, yes; Monzi may be able to point you the right way.

We may not be able to match you with a payday lender offering a loan for people on Centrelink. We, however, may know a personal loan lender or two.

In short, there may be lenders within our network willing to consider Centrelink applicants. Despite this, lenders cannot guarantee approval. In addition, lenders may vary in terms of:

  • Which Centrelink payments they are able to consider.
  • How much of the borrower’s total income benefits can make up.

Can you guarantee me payday loans no credit check?

Unfortunately, we cannot guarantee you will be offered a no credit check loan.

There may be lenders within our network able to assess your application without a credit check. However, there is no guarantee you will be matched with them.

Even if the lender does a credit check, they will often aim to focus on your current situation. Specifically, lenders will look to confirm your regular income, expenses and repayment history.

Is it possible to find payday loans with no bank statements?

There may be lenders able to assess you without needing physical copies of your bank statements. This is because lenders are able to digitally access a lot of what they need.

As a result, consumers will still need usually at least 3 months of banking history to be able to apply. After all, bank statements are essential for assessing a borrower’s current relationship with money.

Lenders use your bank statements to confirm your:

  • Normal income
  • General spending habits
  • Repayment history
  • Employment status

In short, you may not need to supply physical copies, but you will still need to have 3 months of banking history.

Emergency alternatives to guaranteed payday loans no matter what Australia

If you are in an emergency, it may be tempting to apply with lenders offering guaranteed approval. Sadly, dodgy lenders and scammers are aware consumers make rash decisions in an emergency.

When applying for credit online, the old adage rings true: if it sounds too good to be true, it probably is.

If you are in an emergency, however, the key is not to panic. Be aware that lenders may take a certain amount of time to assess your application. Secondly, don’t let credit providers promising guaranteed approval tempt you.

For more, consider our page on emergency loans.

What happens once a lender approves me?

If a lender matches with you, they will assess you and get in touch if approved. Moreover, the credit provider sends through a loan contract for the consumer to read through. It is important consumers read their loan contract before approval. In particular, pay attention to:

  • The rates and fees offered;
  • Amount offered; and
  • Repayment terms.

Be aware that lenders may not be able to offer you exactly what you applied for on our site.

If you are unsure about anything in your contract, get in touch with your lender directly. Generally, they will be able to walk you through all aspects of your application, so you know exactly what you’re signing up for.

Guaranteed payday loans no matter what Australia typed into search engine with silver laptop

How do repayments work?

Generally, you and your credit provider will agree on your repayments. In particular, you will settle on how long you have to repay the loan, as well as the frequency of your repayments. Depending on the lender, you may be able to choose between weekly, fortnightly or monthly repayments.

Usually, lenders set up a direct debit from your account. Therefore, your repayments are automatically deducted. Finally, once your repayments are complete, the direct debit stops.

Keep in mind, however, if you miss your repayments, you may be charged with additional penalty fees. Your contract will outline all fees and charges. Be sure to read your contract carefully before agreeing to the loan.

I wish to report guaranteed payday loans no matter what Australia!

Are you are unhappy with a credit provider? Do you feel you have been treated unfairly?

Initially, however, you may want to complain with the lender directly. Therefore, the lender will hopefully be able to resolve the issue quicker and learn from their mistakes. If, however, you are unsatisfied with the response, you can contact the Australian Financial Complaints Authority (AFCA).

AFCA is an independent body dealing with complaints relating to:

  • Credit, loans and finance
  • Insurance
  • Banking payments and transactions
  • Investment and financial advice
  • Superannuation

You can get in contact with AFCA by calling 1800 931 678 or visiting their website.

How can I borrow $100?

Certain credit providers may be able to offer you a small loan of $100. Unfortunately, however, these lenders are not within Monzi’s network. We work with credit providers that may offer small loans between $300 and $2,000.

Can you find me easy loans no credit check no job?

Unemployed consumers are welcome to apply. Monzi may be able to pair consumers with a lender offering easy loans. However, these applicants must also be able to show they are earning some sort of income. After all, the loan still needs to be repaid.

As a result, certain lenders may be able to consider Centrelink payments as a form of income.

Why choose Monzi?

Consumers from around Australia love our service. In short, it’s not hard to see why. After all, our service is quick and convenient.

Still not convinced? Here are a few of our favourite things about Monzi.

It’s free

Our service is always 100% free of charge. It doesn’t matter if we match you with a lender, or if we are unsuccessful. You will never pay a cent to use Monzi.

We work fast

Our system gets to work ASAP. Depending on when you apply, you may receive an outcome within an hour. This is, however, only possible during normal business hours.

In addition, we work with quick cash lenders. In short, lenders will aim to assess you as quickly as possible. Funds are transferred after you approve your contract. Depending on the lender, and transfer times, you may have access the same day.

Keep in mind, no banking rounds take place over the weekend or on public holidays. Therefore, if you approve your contract over the weekend, you may not have access to your funds until the next business day.

Smart system

Our clever system is often able to digitally access the info we need. Therefore, applying is usually paperwork free.

Forget rummaging around for old bank statements. Let Monzi gather your information and pass it on to a potential lender.


If you have any questions about Monzi, visit our FAQs page.

Keep in mind, you can talk with a real human at We can answer any questions you may have about Monzi or your application.

Be aware, however, if your application is paired with a lender, it leaves our system. As a result, we cannot answer any specific questions about the lender themselves. After all, lenders are separate companies and we cannot speak on their behalf.

If your application is with a specific lender, please direct all questions to them directly.

Easy repayments

Our network of lenders make it easy to repay your loan. Generally, a direct debit is set up from your account. Your repayments are, therefore, automatic. Once you settle your loan, the direct debit stops.

In addition, lenders may offer flexible terms. In other words, you may be able to choose between weekly, fortnightly or monthly repayments.

Freedom to spend

Personal loans can be used almost like cash. In other words, use your loan to cover any personal cost. From a new caravan, to travel money, anything is possible with a personal loan.

Australia wide

Our service is 100% online. This means you can apply from any corner of Australia. In short, all you need is a device and an internet connection.

Whether you’re living in Perth or Brisbane, Cape York or Kangaroo Island, you can apply.

Transparent – no guaranteed payday loans no matter what Australia

We are always honest about all aspects of our service. In addition, the lenders we work with are always transparent.

All the fees, rates and charges of your loan will be in your contract. As a result, you can stress-less about hidden fees.

Understanding lenders

If your circumstances change, you may be unable to afford your repayments. If so, get in contact with your lender as soon as possible.

Generally, lenders will be able to cancel a repayment you cannot afford. There will, however, be a fee you will need to pay.

If, however, your life changes drastically, get in contact with your lender. In other words, if you lose your job or are injured, you may no longer be able to afford your loan.

You may be eligible to apply for hardship. To do so, get in contact with your lender’s hardship department.

You will be required to provide evidence of hardship. This can include:

  • Letter of termination
  • Medical certificate
  • Bank statements

Lenders will assess your hardship claim. Consumers will be offered a payment plan or a break from repayments if they’re approved.

Bad credit? No problem

Life rarely goes to plan – we’re aware of this.

A few bad credit listings from your past aren’t the be-all and end-all. In other words, your past does not dictate who you are today. Honestly, who can say they are the same person they were a few years ago?

You may, as a result, be offered a bad credit personal loan. Even if lenders do credit check your application, you may still be considered. In short, lenders prefer to focus on your current situation.

Warning against borrowing

It can be expensive to borrow small amounts of money. Borrowing may not solve your problems. Therefore, check your options before you borrow.

Call 1800 007 007 for independent financial advice. You can call this hotline for free from anywhere in Australia.

Do you have trouble affording your bills? Your utility provider may be able to offer a payment plan. Find out more here.

If you receive Centrelink you may be eligible for an advance. This is then repaid interest free out of your future benefits.

Consider The Government’s MoneySmart website. In short, MoneySmart explains how small amount loans work and suggest other options. Finally, MoneySmart discusses alternatives to taking out credit.

Avoid guaranteed payday loans no matter what Australia

If you’re looking for a personal loan, consider Monzi’s lender-finder service. We might be able to pair you with a lender offering these loans from $300 to $10,000.

Scroll up and begin.

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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


20% upfront establishment fee

+ 4% monthly fee


Loan Amount of $1,000 over 6 months repayable weekly (25 weekly repayments). $1,000 (Principal Amount) + $200 (20% Establishment Fee) + $240 (fees based on 4% per month over 25 weeks) = $1,440 total repayable in 25 weekly installments of $57.60.

Under the current legislation, most small personal loan providers don’t charge an annual interest rate (you’ll know this as an APR) %. The maximum you will be charged is a flat 20% Establishment Fee and a flat 4% Monthly Fee. This comparison rate is true 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

Loan amount

$2,001 - $4,600


13 months

24 months


48% annual percantage rate

67.41% comparison rate p.a.


Loan Amount of $3,000 over 18 months repayable weekly (78 weekly repayments). $3,000 (Principal Amount) + $400 (Establishment Fee) + $1,379.06 (reducing interest) = $4,779.06 total repayable over 18 months with weekly installments of $61.27.

The Interest Rate for Secured Medium Loans is 48%. The Typical Comparison Rate is 67.41% p.a. WARNING: This comparison rate is true 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. Click here to see a worked example.

Loan amount

$5,000 - $10,000


13 months

24 months


21.24% annual percantage rate

48% comparison rate p.a.


Loan Amount of $10,000 over 24 months repayable weekly (104 weekly repayments). $10,000 (Principal Amount) + $5,577.12 (Interest) = $15,577.12 total repayable over 24 months with weekly installments of $149.78.

The Interest Rate for Secured Large Amount Loans is 48%. Maximum Comparison Rate is 48% p.a. WARNING: This comparison rate is true 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. Click here to see a worked example.