Instant loan up to $10,000 found through Monzi’s lender-finder service. If you need to find instant lenders fast, Monzi is your new best friend. Get started today.
Monzi – Instant Loans Australia
We’re Monzi loans, a 100% online lender-finder, run by Aussies for Aussies. In a nutshell, we could very quickly pair you with a quality lender.
How do we do this? Well, over time, we’ve built up a strong network of trusted lenders. So, when you apply with Monzi, we can pass your application on to this network. If you apply during normal business hours, we may even have an outcome for you within minutes.
What does this mean for you? Put simply, you can forget wasting time filling out multiple applications with different lenders. You can, also, forget having to trawl through the internet finding the right lender. Monzi makes it easy for you.
When you use Monzi, you submit one application, and we scan through hundreds of different loan products. Fast finance online, made simple.
What Is An Instant Loan?
In short, it is a type of loan that can be approved really quickly, and accessed usually within one business day. Generally, instant loans will have more open eligibility criteria than traditional loan products. In addition, these loans will be repaid by setting up a direct debit from your account.
Monzi, in particular, works with lenders that may be able to offer an instant personal loan. Also, Monzi’s lender partners may be able to offer a wide scope of loan products, from $300 to $10,000.
Where Can I Get An Instant Loan?
With Monzi, you may be able to be paired with a lender so fast it will feel almost instant. Here at Monzi, we’ve designed our entire process to be as streamlined and as simple as possible. In other words, speed and convenience are at the forefront of our minds.
Furthermore, Monzi works with lenders who may be able to approve your loan within minutes. In addition, you may even be able to access your funds the same day you apply. This is, however, dependent on the lender we pair you with, as well as your bank.
Finally, when we say 100% online, we mean it. In other words, you’ll never have to queue for Monzi, or need to fill out paperwork. You could find a lender offering up to $10,000 within minutes, all online.
Instant Cash Loans 24/7
One of the best things about Monzi? We’re 100% online.
This means you can apply to find lenders at any time, anywhere. Furthermore, you can apply from any smart device with internet capabilities.
You should note, however, that the lenders themselves may be not able to process your application until the next business day. In other words, although you can use Monzi at any time, your lender may not be able to assess your application until the next business day. Although, this is, generally, when you use Monzi outside of normal business hours.
Can Monzi Find Me An Instant Payday Loan No Credit Check?
No. If you have been searching online for a payday loan no credit check instant approval, Monzi is unable to help. Well, help you find a payday loan, that is.
Monzi, in short, avoids pairing our customers with payday lenders. This is because payday lenders have been known to charge high interest rates over a small repayment term. In addition, payday lenders have been characterised by high fees that can quickly snowball into debt.
Monzi will not pair you with a payday or cash advance lender. We may, instead, be able to pair you with a lender offering an instant personal loan of up to $10,000.
Instant Personal Loan
Many borrowers prefer personal loans over payday loans for a few key reasons:
- Personal expenses: Personal loans can be used to cover nearly all personal expenses. From car repairs, travel costs to covering a rental bond, personal loans can do it all.
- Manageable repayments: Because personal loans often have a longer repayment period than payday loans, the regular repayments are often much more manageable.
- Fast access: Instant personal loans can often be processed and available in your account the same day you apply. This is, however, dependent on inter-bank transfer times.
- Easy repayments: Generally, a direct debit will be set up from your bank account. Repayments will, therefore, automatically be taken out. Once your repayments are complete, the direct debit will automatically cease.
Can Monzi Help Me Find A $100 Instant Loan?
Unfortunately, however, Monzi only works with lenders who offer a minimum loan amount of $300.
So, while Monzi may not be able to help find a $100 loan, we could still help with a larger amount.
Monzi Loan No Credit Check Instant Decision
Monzi acts as the lender-finder, and therefore will not conduct a credit check on your application. In addition, our automated system works so fast, you may get an outcome within minutes of applying.
Generally, when you complete our online form, we’ll get to work scanning through hundreds of different loan products. From here, we may even have an outcome for you within minutes. Feels almost instant, right?
It should be noted, however, that the lender we pair you with may conduct a credit check on your application. In addition, using Monzi’s lender-finder service does not guarantee an instant decision nor approval.
Do You Offer A Personal Loan Guaranteed Approval?
Unfortunately, no – and for good reason!
Neither Monzi nor the lender we pair you with will promise guaranteed approval on your loan application. This is because offering guaranteed approval would be in violation of the responsible lending obligations as laid out by ASIC.
In a nutshell, responsible lending obligations are in place to prevent predatory lending. In other words, to stop lenders from offering contracts or advice on loan products that are unsuitable for a consumer.
Therefore, to meet their responsible lending obligations, lenders are required to take the following three steps:
- Make reasonable inquiries about the consumer’s financial situation, and their requirements and objectives.
- Take reasonable steps to verify the consumer’s financial situation.
- Make a preliminary assessment or final assessment about whether the credit contract is not unsuitable for the consumer (based on the information obtained in the first two steps).
Conversely, any lender offering guaranteed approval is clearly not conducting any sort of assessment on your application. These lenders, in particular, should not be trusted. You, however, can be assured Monzi will only pair you with a reputable lender.
Consumers are able to get a full copy of the regulatory guide via The Australian Securities And Investments Commission.
How Do I Get An Instant Loan?
Monzi makes finding a lender offering an instant loan easy. Put simply, you should be able to finish our application process in no time. Then, from there we could even have an outcome for you within minutes.
Here’s how you can get started.
Select the amount you’re thinking of borrowing, as well as your ideal loan terms. Next, you’ll be given an idea of what the weekly, fortnightly or monthly repayments may look like. Finally, if you’re happy, click Apply Now.
Keep in mind the values and terms presented in the loan slider are just a guide. The actual costs and terms of your loan may change depending on the lender you’re paired with.
We’ll ask you to supply some important information. This, usually, shouldn’t take long to complete.
You can, now, kick back and wait for us to work our magic.
At this stage, our intelligent automated system will scan through hundreds of different loan products. We will, generally, let you know the outcome via text and email, so keep an eye on your devices.
Meet Your Lender
If we’re successful, your new lender should be in touch. You will, generally, deal with them directly from here on in. Your lender, if your application is approved, should usually send through an electronic loan contract for you to read over and confirm. Finally, once you’ve approved your contract, your lender will get to work transferring your funds.
Both the lender you’re paired with and your bank will determine when you can access your loan. In addition, keep in mind that your lender will have their own business hours. Therefore, if you approve your contract outside of these hours, they may only transfer your funds the next business day.
What Kind Of Loans Can I Get?
As we mentioned above, Monzi works with a trusted network of lenders who specialise in personal loans.
Within this, however, are three broad categories of personal loans. It is important, then, to consider what loan you should apply for.
|Type||Amount $ (AUD)||Term||Secured|
|Small||$300 to $2,000||12 months||✗|
|Medium||$2,100 to $4,600||13 to 24 months||✓|
|Large||$5,000 – $10,000||13 to 24 months||✓|
Keep in mind, the repayment terms of your instant loan may vary depending on the lender you’re paired with.
What Can I Use As Security?
Generally, lenders can accept either your car, motorbike, caravan or boat as security. You will, however, need to be the registered owner of the vehicle to use it as collateral.
If you, alternatively, do not have a vehicle registered in your name, you may need to consider small personal loans instead. Small personal loans will never require collateral, and therefore may be a better option.
Attaching collateral to a loan greatly reduces the financial risk for the lender. In the event of a default, the lender is then able to sell the collateral and recoup some of their losses. In addition, because the risk is reduced for a lender, they may offer you larger loan amounts and reduce the interest on a secured loan.
If you do repeatedly miss repayments, and fail to get in contact with your lender, they may start the repossession process.
The repossession process begin if:
- you are behind on your repayments;
- they have provided you with a default notice, giving you 30 days to pay the overdue amount; and
- you have not paid the overdue amount, negotiated a resolution or lodged a request to postpone repossession within the 30 day period.
This is, however, usually the last resort. Moreover, if you are experiencing financial hardship, you should get in contact with your lender directly. You should generally be able to reach an alternative repayment plan with your lender.
I Have Bad Credit, Can Monzi Find Me A Lender?
Yes, we can!
If you’re looking for instant loans bad credit, then look no further. Monzi, in short, may be able to find you a lender, despite your bad credit.
After all, a few financial mistakes in your past don’t dictate who you are today. Both Monzi and the lenders we work with understand this.
In addition, Monzi uses some of the latest in safe-banking technology, to give your application the sparkle it deserves. In other words, when you apply with Monzi, we access a read-only copy of your bank statements. We can, then, pass this on to a potential lender.
If you are, therefore, looking for personal loans bad credit of up to $10,000, Monzi could be your one-stop-shop.
And What If I’m Receiving Centrelink? Am I Still Eligible?
Many of the lenders Monzi works with may be able to consider regular Centrelink payments as a form of income. In short, if your repayments will fit comfortably within your regular Centrelink income, you may be considered for approval.
It is important to note, final approval always rests with the lender themselves.
Unemployed and looking for personal loans Centrelink? Monzi might be able to pair you with a lender.
Can I Get An Instant Loan No Credit Check?
As lender-finder, Monzi cannot guarantee whether or not a lender will conduct a credit check.
What we can say, however, is that the lender we pair you with will look at more than just your credit score. In other words, the lender may be willing to look past your bad credit. They may, instead, prefer to focus on your current relationship with money.
If you’re worried your bad credit will prevent you from being approved – consider Monzi! When you use our lender-finder service, we’ll compile your information into an application, that we can then pass on to potential lenders.
We’ll always do our best to paint your application in the best light. Therefore, even if a lender performs a credit check, you may still be considered for approval.
Keep in mind, however, that we are only the lender-finder. After all, approval criteria may differ from lender to lender and the final decision is always at the discretion of the lender themselves.
What Are The Odds Of Getting An Instant Cash Loan In 1 Hour?
As the lender-finder, Monzi cannot guarantee how quickly your loan may be processed. After all, once you have found your new lender, you will deal with them directly.
Monzi, however, is able to scan through hundreds of different loan products very quickly. Generally, if we’re successful, your new lender should be in contact.
You will have to inquire with your new lender directly to find out more about an instant cash loan in 1 hour.
Does Monzi Have An Instant Loan App?
Unfortunately, Monzi does not have its own app.
We are, however, accessible 100% online. Therefore you can use Monzi’s lender-finder service on any smartphone or device.
Therefore, if you need a personal loan of $300 to $10,000, just visit www.monzi.com.au and follow the prompts.
What If I’m Struggling To Repay My Loan?
If you are struggling to afford the repayments on your personal loan, you need to get in contact with your lender directly.
If you are experiencing a temporary cash shortfall, give your lender notice 24 hours before the payment is due. They should be able to reschedule or waive your payment for a small fee.
If you are, alternatively, experiencing prolonged financial hardship, get in contact as soon as you can. Your lender will assess your claim of financial hardship. You may be able to restructure your repayment if you are approved.
Ready To Apply?
Happy with everything you’ve read so far? If so, why not get started by scrolling up to the loan calculator? After all, Monzi may be able to pair you with a lender in the time it takes to make a cup of tea.
If you have any further questions, head over to our FAQs.