Home Improvement Loans Available Online

Home improvement loans up to $10,000 approved online. Easy application with no paperwork. Quick outcomes. Apply in minutes today!

Why home improvement loans?

In our mind exists the image of our perfect house. Unfortunately, standing between you and your ideal home are a number of renovation projects. While in a perfect world you’d get them done tomorrow, usually you don’t quite have the cash you need today.

Home improvements can not only add value to your property but can transform your house into a better, more aesthetically pleasing or functional place to live. Unfortunately, they usually don’t come cheap.

If you have a few projects in mind but don’t quite have the cash on hand, home improvement loans could be what you need.

A type of personal loan, home improvement loans give you the cash you need to fund those projects around the house. Best of all, these short term loans allow you to divide the costs over months or years to fit in with your budget.

So, if there are a few projects you need to undertake in order to transform your home into the place you’ve always dreamed of, submit an application with Monzi. We’re potentially able to match you with a lender offering home improvement loans from $300 to $10,000. In no time, you’ll have the cash you need so you can begin work.

Home improvement loans Australia – Monzi can help

At Monzi, we want to help make your dreams a reality.

If you’re not sure what we do, well we’re a lender-finder service which means we leave lending to others. We’re just here to connect those looking to borrow, with those able to offer online loans with instant approval.

These days, there are so many lenders in the online loan marketplace it can make choosing one feel daunting. Moreover, you may spend half your day applying with different lenders only to be declined. On the other hand, apply with Monzi once and we’ll try to do the rest.

If everything goes to plan you can soon have the cash you need to make your dreams come true.

If you’re looking for home improvement loans then Monzi can help you find them. Apply from $300 to $10,000 now. It’s quick, easy and stress-free.

Home improvement loans to suit any need

When it comes to our perfect home, we all have a different vision. Given this, we’re all going to have to undertake different home improvement projects to get there.

With the wide variety of projects, inevitably comes the range of different cash needs. While some people need a few hundred dollars to undertake a minor project, like building a veggie garden, others need thousands to help fund a full-scale remodelling.

In order to ensure we meet all our users’ needs, we’ve established a vast network of lenders. Each lender can offer a range of different loan products, each with varying repayment periods meaning we can potentially find a lender that works for you.

The lenders on our panel are potentially able to offer loans such as:

Instant cash loansQuick loans online
Short term loansInstant loan
Same day loanFast cash loans

What can I use personal loans for home improvement for?

If you can think of a project around the house, we might be able to help you find a lender to fund it. We’re not going to discriminate between outdoor, bedroom or bathroom projects; All projects are worthy in our eyes. Moreover, it doesn’t matter whether you’re moving into a new home or upgrading your existing residence.

In saying this, there are certainly some projects that crop up more often. A few common examples include:

  • Remodelling: Kitchen, bedroom, bathroom or living.
  • Landscaping: We all want the perfect garden.
  • Painting: Getting tired of all the white walls? Why not change it up?
  • New furniture or appliances: Modernise your home or improve comfort
  • Air Conditioning and heating: Nothing makes your home more comfortable than climate control

Secured and unsecured home improvement loans – what’s the difference?

Home improvement loans come as either a secured personal loan or an unsecured personal loan. Ultimately, the difference boils down to one thing: security.

As you might expect, unsecured home improvement loans don’t require security, while secured loans do.

Put simply, security acts as a guarantee. When agreeing to a secured loan, the borrower is required to attach an asset as collateral. Typically, this will be the borrower’s car, boat, caravan or some other asset.

In the event that the borrower defaults on their loan, the lender is able to take possession of the asset. From there, the asset can be sold, allowing the lender to recoup their lost value.

With no ability to recover their lost value, lenders typically deem unsecured loans as risky. As such, they may come with higher rates and fees.

Finally, with Monzi, you can apply for unsecured cash loans from $300 to $2,000 or secured loans from $2,100 to $10,000. As a result, you must decide which option is right for you and your planned renovations.

What are bad credit home improvement loans?

A personal loan for bad credit is a type of loan designed for those people with a poor credit.

Looking deeper, lenders offering bad credit loans will look at your complete financial situation, instead of just focusing on your credit record. Ultimately, these lenders want to assess your ability to afford the loan. As such, they’ll likely look at your current income and expenses to get a better idea of what works for you.

While these lenders may be more willing to offer cash loans for bad credit, that doesn’t mean approval is guaranteed. All lenders will complete an assessment and reserve the right to extend credit to customers where they see fit.

Can Monzi help me if I have bad credit?


At Monzi, we are understanding of a range of different situations and many of the lenders we associate with are too. If you’ve got bad credit, you’re certainly not alone. While banks may be less forgiving, bad credit isn’t necessarily the end of the world with Monzi.

If you submit an application with Monzi, we can potentially connect you with a lender willing to offer home improvement loans for bad credit instant approval.

They can look at more than just your credit history to get an idea of what’s affordable for you. After all, your past shouldn’t define you. Your current financial situation is just as important.

While bad credit loans aren’t guaranteed, you’ll only know if you try. If you’ve got bad credit but have some home improvement projects to undertake, let Monzi try to help you find a lender offering the home improvement bad credit loans you need.

Monzi’s eligibility requirements

Before you get started, there are four criteria you need to meet:

  1. Be at least 18 years of age
  2. Be an Australian Citizen or Permanent Resident
  3. Have a current email address and mobile phone number
  4. You must have earned a regular income in the past three months prior to your application.

How to apply for home improvement loans

We’ve whittled our application process down to just three simple steps meaning applying with Monzi couldn’t be easier. All it takes is:


Head to the top of the page and using the loan slider, select the amount you need to borrow, provide the key information and click submit.


This is where Monzi takes over. We gather your information and set about finding a lender for you. Our system can scan through a host of different lenders with the aim of finding a match for you in just 60 minutes.


If there’s a match for you, we’ll be in contact to tell you the good news. Your lender will then touch base in order to undertake their assessment.

Home renovation loans to cover the cost of a new layer of white paint

Is it possible to get cash on the same day I apply?

We know you’re eager to get started on your home improvement projects, unfortunately though, we can’t guarantee if you’ll receive same day loan approval.

On our end, when you submit an application with Monzi, we’ll do what we can to find a lender for you in an hour. From there, it’s out of our hands.

Lenders, in order to comply with their responsible lending obligations, will need to complete an assessment of your application. Assessment processes vary from lender to lender meaning times can differ considerably. In other words, some lenders may provide fast loan approvals, while others may not.

A quick assessment is also dependent on you providing or having access to all the required details when you apply. That way, there won’t be any delays as your lender tries to chase up the information they need.

In a best-case scenario, if you apply during business hours, it’s possible that you can be matched, assessed and receive your cash on the same day you apply.

Applications received outside normal hours can result in delayed assessments or issues with interbank transfers meaning you may need to wait until the following business day to access your cash.

Keep in mind, 60 minute outcomes are only possible during normal business hours and still not guaranteed.

What do I need with me when applying?

As mentioned, the best way to receive a fast outcome is to provide what’s required the first time around. So, before you get started, make sure you can provide:

  • Personal details
  • Contact details
  • Reason for your application
  • Online banking information
  • Any other details that may be relevant

What are the interest rates on home improvement loans?

Unfortunately, given that Monzi doesn’t offer loans, we are unable to say what your interest rates will be.

Home improvement loans interest rates can differ considerably and are often affected by a number of factors. Lenders will make the final decision, however, the rates may be determined by looking at:

  • The size of the loan: small, medium or large
  • Repayment period: 12 to 24 months
  • Secured or unsecured: unsecured loans may attract higher rates and fees
  • Credit history: Poor credit may make lenders more reluctant to offer loans meaning these loans may be subject to higher interest rates

If you’re matched with your lender they’ll be able to give you a clear answer. It will be outlined in your loan contract so you will know exactly what you’ll be required to repay.

How to get the best home improvement loans?

All lenders will do things a little bit differently. That means if you’re looking for a lender online, there are a few factors to consider. In other words, if you’re looking for the best loan for you, there are a few considerations to take into account before making your decision.

A few things to keep in mind when looking for lenders online include:

  • Interest rates: The interest rate calculates how much you’ll pay on top of the amount you borrowed. Fixed or variable?
  • Loan amounts: What cash amounts does this lender offer? Do my needs fall within what they can provide?
  • Fees and charges: In addition to your interest rate, there may be fees and charges that come with your loan. Can include penalty or account fees.
  • Any other relevant details: Does the lender offer any other notable features? Maybe an option exists to repay your loan sooner. Maybe they offer discounts for certain reasons. These things are worth considering.

A few considerations before taking out loans home improvement

While a home improvement loan today might seem like a great way to fund your projects around the house, it’s important to understand exactly what you’re getting into. Taking out a loan you can’t afford can result in missed repayments, defaults or debt spirals. If you manage your loans poorly, you may be haunted by bad credit for years.

To ensure you can manage your loan effectively it’s critical that you have a clear picture of your financial situation. You need to know how much you need and how much can you afford.

Before you apply for a loan, ask yourself the following questions:

  • How much do I need to borrow?
  • Could I cut costs so I can borrow less?
  • What is my current income?
  • What are my regular expenses?
  • Are there any major expenses upcoming?
  • Over what period should I repay my loan?

The Monzi difference

At Monzi, we make finding home improvement loans quick and straightforward. We believe our lender-finder service is the best around and think that you should too. It may be one way to access easy approval on personal loans.

If you’re not convinced, maybe think about some of the other benefits that come with submitting an application with Monzi.

Quick applications

Completing an application with Monzi is simple because we only ask for the necessary details. Your work can be done in a matter of minutes so you can get back to focusing on the more important things in life.

Once we receive your application, our system will get to work right away. If you apply during business hours, we may even have an outcome for you within 60 minutes. This, however, is not always possible so it’s not guaranteed.

100% online

Apply for short term loans Australia through Monzi. Our goal is to help as many Aussies as possible access the home improvement loans they need.

It doesn’t matter if you’re in rural Queensland, southern Tasmania or in the Sydney CBD, you can access Monzi’s services. All you need is a stable internet connection, access to the required personal information and a few spare minutes. There’s no paperwork required.

While having physical store locations can limit access, being 100% online means Monzi can help you anytime, anywhere.

It’s free

That’s right, Monzi won’t charge you a cent. It doesn’t matter whether you apply for a loan of $300 or $3,000, or whether you’re approved or denied because our service is always 100% free to use.

So, to recap, we make it simple and convenient to find a lender and charge you nothing. You really have nothing to lose by applying with Monzi.

Your information is safe and secure

In today’s day and age, it’s natural to have concerns about where your information might end up. When you submit an application with Monzi though, you can rest assured knowing that all your data is safe and secure in our system.

As part of our commitment to security, we’ve partnered with renowned internet security providers McAfee and Comodo.

That way, we’re able to assure you that your information will only be seen by those who need to see it.

Easy repayments to suit you

Based on your loan amount and repayment period, your lender will calculate what your regular repayments will be. This will be communicated to you in your loan contract once your application has been approved.

You may be given the option to make weekly, fortnightly or monthly repayments allowing you to tailor your schedule to suit your needs. As a rule, try to match your repayments with your income. If you receive your income monthly, select monthly repayments.

Once an agreement is in place and you know what you’ll be paying, lenders set up a direct debit from your account. Repayments are automatic meaning there’s no stress or hassle on your end.

Monzi’s customer service

Our users’ experience is important to us. There’s no doubt the world of lending can be daunting if you’re not familiar with it, so we’re here to help if you need it.

If you have any questions or concerns before you get started, feel free to reach out. We can be contacted at hello@monzi.com.au and we’ll do what we can to provide you with a thorough and timely response.

If you’re looking for a quick response, try to email during business hours. Emails received outside of normal hours may encounter delayed responses.

Reputable lenders

At Monzi, we’ve worked hard to establish an extensive network of licenced and reputable lenders.

Consumers applying with Monzi can be sure they will only pair with a legitimate lender licensed by ASIC. Moreover, all lenders within our network take their responsible lending obligations seriously, and will only offer loans they feel you can afford.

A transparent process

With Monzi, nothing’s ever hidden. We’ve outlined the steps involved so you know exactly what’s going to occur. At the end of the day, we’re just trying to find a lender for you.

Transparency is important to our lenders too. While some less-than-reputable lenders may try to hide fees and rates to catch you out, there won’t be any such concerns with Monzi’s network of lenders.

When you reach an agreement all the details will be clearly outlined in your contract so you know exactly what you’re going to have to pay.

Monzi and the lenders are here to do what’s best for you. You’ll be kept in the loop at every step along the way so there’s no need to worry.

Don’t delay – apply today!

With a few improvements, your home could be perfect. So why delay? Home improvement loans are out there and Monzi can help you find them. Submit an application today and we’ll do what we can to match you with a lender ASAP.

Looking for a new place to live? Check out Monzi’s guide to the best places to live in Australia. Alternatively, discover our guide to solar financing.

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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


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. The maximum comparison rate on loans between $300 and $2000 is 199.43%. The minimum and maximum loan term is 12 months. 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.

Loan amount

$2,001 - $4,600


13 months (minimum)

24 months (maximum)


48% Annual Percentage Rate (APR)

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 Annual Percentage Rate (APR) for Secured Medium Loans is 48%. The Typical Comparison Rate is 67.41% p.a. The minimum loan term is 13 months and the maximum loan term is 24 months. 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 (minimum)

24 months (maximum)


21.24% Annual Percentage Rate (APR)

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 Annual Percentage Rate (APR) for Secured Large Amount Loans is 48%. Maximum Comparison Rate is 48% p.a. The minimum loan term is 13 months and the maximum loan term is 24 months. 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.