Looking for last minute loans?
Life can throw unexpected expenses that can exceed our budgets, leaving us short of money. In times like these, loans from traditional lenders can be hard to get due to their lengthy application process and eligibility criteria.
Fortunately, you can look at last minute loans, which will get you easy access to funds.
In this article, we’ll discuss more about last minute loans and how to get them.
Disclaimer: Please note, certain ideas and products presented in this article may not be offered by Monzi nor the lenders we work with. This article presents only general information. Consider seeking professional financial, taxation, legal or other advice to check how the information and ideas presented on this website relate to your unique circumstances.
What is a last minute loan?
Last minute loans, also known as emergency loans, are quick cash loans that may help cover unexpected expenses or unexpected financial situations. Whether it’s a small repair or up to $15,000 for travel and bookings, these loans might ease short-term financial strain. Many last minute loans are unsecured loans, meaning you don’t need to provide collateral. If your application meets a lender’s criteria, including consideration of your credit rating, good credit history, and bad credit loans options, you may be approved on the same day, and access funds quickly.
Explore more about last minute loans.
How Much Can You Borrow with a Last Minute Loan?
These are generally personal loans approved relatively quickly. Depending on your financial situation and chosen lender, you may apply for small loans starting from $300 to $2000.
At Monzi, we may connect you with trusted financial partners who hold an Australian credit licence and can assess your loan request. If you’re looking for last minute loans of up to $15,000, our lender-finder may help you connect with a licensed responsible lender providing reliable service. Once approved, the money might be deposited directly into your bank account for quick access.
When Might You Need Last Minute Loans?
Common reasons for applying for last minute loans include:
- Emergency travel
- Education fees
- Home renovations
- Parenting expenses
- Theft replacements
- Funeral costs
- Vet bills
- Unexpected bills
While we hope you avoid financial emergencies, last minute loans might provide support during tough times and unexpected financial situations.
Lost Your Job? Loans Might Still Be Available
If you’ve recently lost your job and need extra cash, all is not lost. You can apply for last minute loans and may get them. Even though approval might be more challenging without a steady job, some lenders may consider government benefits as acceptable income.
Lenders may review your credit report and request proof of income for the previous 90 days. Even with a less-than-perfect credit history or bad credit history, some lenders may assess your present financial standing and income. This consideration may sometimes increase your chances of securing last minute loans when you’re facing financial difficulties.
Fast Loan Options from $300 to $15,000
Whether you need a small cash loan or a larger personal loan, our lenders may offer flexible repayment terms and loan amounts ranging from $300 to $15,000. Loan types may include fast cash loans, payday loans and unsecured personal loans, subject to lender criteria and responsible lending obligations.
Same Day Loans with Quick Approval
Looking for loans in a minute or 60 minute loans? While instant approval isn’t guaranteed, many lenders may offer same day approval and loan offers when you apply during business hours.
Credit Challenges? You Can Still Apply
Lenders typically review your credit report and verify your income from the previous 90 days. If your credit history isn’t great, or you have a bad credit history or poor credit history, certain lenders may still evaluate your present financial status and income.
How Monzi Helps With These Loans?
We are an online lender-finder service that may help match you with lenders who offer last minute loans. We operate 100% online and provide access to a range of loan types from small loans to larger amounts, subject to responsible lending practices and eligibility criteria. The personal loan application process might be simple and fully online, allowing you to apply conveniently from anywhere.
Note: Terms may vary by lender – check eligibility before applying. Fees and charges such as establishment fees, monthly fees, early repayment fees, and any additional fees may apply.
Learn more about last minute finance here. If you’re interested, check out quick cash loans and fast cash loans.
Eligibility Criteria
To apply via us, you typically need to:
- Be 18 years or older
- Be an Australian citizen or permanent resident.
- Have a personal phone number and email address
- Be receiving a regular income into a personal bank account for a minimum of 90 days.
Note: Meeting the basic requirements does not guarantee loan approval. Lenders might consider your repayment frequency, repayment terms, and personal circumstances before approving your loan application.
How to Apply?
Our process is fast, paperless and 100% online:
The application process might be as simple as possible for your convenience. Our process is 100% online and paperless, which may allow you to take short term loans from the bank. All you have to do is follow the steps below.
Step 1: Submit the application
Use our loan slider to select your preferred loan amount and repayment frequency. When ready, click “Apply.”
Step 2: Enter your details
You’ll be taken to a quick submission form. It may require only essential financial information and won’t take long to complete.
Step 3: Get matched
If a match is found, the lender might contact you via email or SMS. If approved, you’ll receive a loan offer and a digital contract. Review carefully before accepting.
Do You Need to Secure a Last Minute Loan?
Loans under $2,000 typically do not require collateral. For larger loans up to $15,000, you may need to provide an asset (like a car or property) as security. This lowers risk for the lender.
Apply Anytime – Even at Midnight
We know that emergencies don’t wait. So our online platform is available 24/7. Apply anytime, and once business days resume, we’ll try to match you with a lender fast.
Apply online to secure last minute loans with us, and get the process started right away, no stress, no waiting.
When Will I Receive the Money?
Some lenders may credit the money from the last minute loan on the same day. However, we can’t guarantee that it will happen. If you apply during business days, there’s a better chance things will move faster.
Plan Your Repayments the Smart Way
Before you apply for last minute loans, plan your repayment:
- Set Clear Priorities: Stay on top of key payment commitments.
- Budget for Flexibility: Keeping room in your budget may help manage unexpected costs.
- Know the Loan Details: Review the repayment schedule, interest rate, and other fees.
Options for Credit Challenges
If your credit rating isn’t perfect, you might still qualify for last minute loans based on your current financial situation and ability to repay. Showing consistent earnings and good budgeting habits may help improve your chances of getting approved.
What About No Credit Check Loans?
Some lenders may offer last minute loans without accessing your credit file. Instead, they’ll look at your bank statements. These types of loans are often referred to as no credit check loans and can be an option for those with credit difficulties. However, this is rare. Most lenders might perform a credit check as part of their responsible lending obligations.
A credit check is just one part of the process. Many lenders may look at the full picture.
Improve Your Credit Score to Unlock Better Loan Options!
Your credit score may help decide if you get approved for a loan and what interest rate you’ll pay. A good score means better financial opportunities. While we may help you find lenders even if your credit history is bad, improving your score is a smart long-term move. Additionally, if you are considering major expenses like a home loan, we may assist you in finding suitable options anywhere across Australia to meet your needs.
When should you seek financial counselling, then?
If you’re having trouble managing debt, it’s a good idea to reach out to a financial counsellor. These free, independent experts might be able to assist with budgeting and repayment plans. Visit ASIC’s MoneySmart for trusted tools and guidance.
Last minute loans: We’ve got you covered
While we hope you won’t need a last minute loan, we’re here to try and find a lender offering Aussie loans if the need arises. With our advanced technology, MAMA AI, you may find a suitable lender without having to do paperwork, waiting in a queue, or performing any other administrative tasks.
All you have to do is choose your loan type and the amount!