Last Minute Loans Online From $300 to $10,000

Last minute loans may be an option when you’re facing a financial emergency. Access emergency cash loans from $300 to $10,000 through Monzi’s lender-finder service. Apply today and you may be matched with a lender in just 60 minutes. Easy applications and no paperwork. Let’s go.

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.

Encounter a financial emergency? A last minute loan may help

Picture this; it’s Christmas, you and your family are driving across the state to see relatives, you’ve already spent your budget on presents and food to make the holiday great. Halfway through the trip, your car breaks down. You can’t afford a mechanic this month, what do you do?

Or maybe, you’re on a holiday you’ve been funding for months. Unfortunately, you happen to break a bone and need some emergency cash for hospital bills. What do you do?

You could consider a last minute loan, of course!

What is a last minute loan?

A last minute loan sometimes referred to as an emergency loan, is a quick cash loan that may be able to help you out of a tricky situation with ease. Whether you need a small amount for mechanical repairs or $10,000 for a series of flight and hotel bookings, last minute loans are there to remove any financial stress from your shoulders.

If your application checks out, it may be approved the same day, leading to money in the bank as fast as possible, and hopefully saving you from needless anxiety.

How big are last minute loans?

Last minute loans are personal loans that ideally you’ll receive on the same day. Depending on your financial situation and the lender you choose, you can potentially apply for amounts ranging from $100 to $30,000 or beyond.

At Monzi, we work with lenders who may be able to meet your needs. If you require a cash loan of up to $10,000, our lender-finder may be able to match you to someone who can help.

What circumstances would warrant a last minute loan?

As mentioned, circumstances that may warrant one of these loans could involve vehicle-related costs or health expenses. Still, many other motivations may require applying for a last minute loan. These being:

Hopefully, you never encounter some of these costs, but if you do then last minute loans could help keep you on your feet through turbulent times.

The pros and cons of emergency loans

Last minute loans, or emergency loans, have their advantages and disadvantages along with most forms of loans and credit. You should consider each of these before continuing the process of applying for a last minute loan.

Firstly, advantages include that the process may be quick and easy, you may receive your cash quickly after approval and that you can potentially apply for a loan with bad credit.

On the other hand, the disadvantages include the fact that you must repay your loan with interest. As a result, you will always repay more than you borrow. Moreover, lenders may charge a host of additional fees and charges. Finally, poorly managed debts may result in your credit score taking a hit.

Options to consider before applying for a loan

Depending on your situation, it is possible that filing a loan application should be your last resort. It may be essential for you to consider all other means possible, which is a smart approach. So, before seeking a last minute loan, consider the following options that may help.

Sell any unnecessary possessions

While you shouldn’t have to go to the lengths of selling your TV for some quick cash, if you have some appliances that you no longer use, or toys your kids outgrew, consider profiting off these unwanted goods. Facebook Marketplace, Gumtree, or selling amongst friends can be a great way to declutter and pocket some extra cash at the same time. Find out more with Monzi’s guide to buy, swap and sell today.

Recycle and upcycle

Consider schemes such as ‘Containers for Change’ that involve collecting cans and bottles for remuneration. Or perhaps you own something old that would benefit from some simple upgrades, which therefore allow you to make more of a profit.

Sell your services

Whether through a website or throughout your social circle, if there’s something you’re good at that could make you some extra cash, consider monetising it. Which is even better if it’s a service you already enjoy doing (e.g. graphic design).

Low-interest credit cards as an alternative

One option that may be worth considering before applying for a personal loan is using your credit card instead. It may not be the best idea to go out and ask for a credit card if you don’t already have one. However, it’s worth noting that there are several cards available for people with bad credit.

If you don’t have bad credit and you possess a credit card, this option is perfectly viable. However, it may be ideal for you to have a repayment plan in mind before withdrawing any credit.

If you are already in debt, a credit card may be an enabler that allows you to increase your debt and worsen your credit score. So, make sure you consider the pros and cons of this approach before possibly making a decision that could set you back even further.

Shop around

Emergency cash loans can come in multiple forms, namely personal loans, payday loans, and credit card cash advances. If you are seeking a small amount of credit, make sure you understand your options before you borrow.

Firstly, with a personal loan, you can potentially borrow up to $10,000 through Monzi’s lender-finder service. Best of all, your lender will divide your costs evenly over a fixed and manageable period (e.g. 13 months). These loans can be used to cover almost any personal expense too.

On the other hand, payday loans Australia typically refer to a small and quick cash loan of up to $2,000. At Monzi, we seek to pair our applicants with lenders offering personal loans meaning if you’re after a payday loan then you may need to do your research. In addition to this, understand that these instant payday cash loans may come with high rates or fees.

Finally, credit card cash advances could be an option. However, Monzi cannot provide any advance as to whether this option would be realistic for your financial situation.

Ensuring you don’t get scammed

Unfortunately, loan scams can occur, which is the last thing you need when applying for a last minute loan. Monzi has compiled a list of things to look out for when applying for a small loan, so you don’t make a bad situation even worse.

Signs that a loan site is scamming you, include:

  • A company claiming to be Australian has an international phone number.
  • Any site claiming to offer guaranteed approval.
  • Any site pressuring you to apply in case you miss a deal or offer.
  • A company asking for upfront bank details.
  • Very low-interest rates, an offer that seems too good to be true.

If you want to be sure that you’ll only deal with a licenced and trusted lender then consider applying with Monzi. We’ll do what we can to pair you with a top-notch credit provider from our lender-network.

Should you have an emergency fund?

They say hindsight is a beautiful thing, which must make the ability to think ahead even lovelier. Preparing for possible situations before they occur is extremely wise. In this case, organising an emergency fund is one of the best things you can do to ensure you have something to fall back on if a financial emergency arises.

Putting as little as $15-$20 a week into this fund is a proactive step for the future. You should try to make sure this fund is separate from your other savings accounts and, where possible, automate your savings so that even if you forget, the money will still find its way into that account.

Recently lost your job and need a last minute loan?

If you are made redundant suddenly and find yourself low on cash, all is not lost. Loans may be available for the unemployed. While not having a job makes being approved for a loan more complicated, it does not make it impossible. There are lenders out there who may consider Centrelink payments as a form of income.

Generally, a lender will look at your credit report or your past 90 days of income to determine whether you are eligible. With loans for the unemployed, lenders may use your regular Centrelink payments as their income criteria, potentially allowing you to access a last minute loan to help you out of a sticky situation.

Can you get a loan if you already receive Centrelink payments?

In simplistic terms, you can.

Last minute loans are available to people receiving Centrelink. However, we suggest that you consult Centrelink for a loan or payment advance first, before looking elsewhere. This is because you can potentially access a range of government support or lower interest rate loans.

If you cannot receive a loan from Centrelink, then it is possible to find small loans elsewhere. However, there is no such thing as guaranteed approval, so it is dependent on your situation.

Last minute loans: how can Monzi help?

Monzi is a lender-finder service that aims to match you to a suitable lender for your last minute loan. We are 100% online and will do our best to match you with lenders for small, medium and large loans.

Loan amountLoan termSecurity required?
$300 to $2,00012 monthsNo
$2,100 to $4,60013 to 24 monthsYes
$5,000 to $10,00013 to 24 monthsYes

Keep in mind that lenders may vary in their terms. The actual criteria of your loan may not reflect the above table. Check your eligibility before applying.

Who is eligible?

All lenders have similar eligibility criteria, however, to match with a lender through Monzi, you must meet the following specifications:

  1. You must be 18 years or older.
  2. Have a personal phone number and email address.
  3. Be an Australian citizen or permanent resident.
  4. Be receiving a regular income into a personal bank account for a minimum of 90 days.

Note that this is the base criteria, meeting these standards does not guarantee approval.

Application process

The Monzi application process has been made as simple as possible for your convenience. We are 100% online, and paperwork free to remove the hassle you would face taking out short term loans from the bank. All you have to do is follow the steps below.


Either click the ‘apply now’ button at the bottom of your screen or scroll back up to the top of the page and use our loan slider. From there, you can adjust your repayment options, and our slider will calculate a general idea of how your weekly, fortnightly or monthly repayments will look. Once you’re happy, click apply.

Keep in mind, the numbers calculated here are only a guide and may not align with your lender’s terms.

Enter your details

Once you apply, it will send you to the submissions page where you can enter your details. We only ask for the essential information from you, so this process doesn’t take long.

Once you’ve filled out our submission form, it shouldn’t be a long wait before you match with your lender.

Confirmed match

If you are paired with a lender, the lender will be in contact with you – this generally happens through email or mobile. Your lender will conduct their evaluation of you and your financial situation. If they approve you, a contract will come your way. Read this contract carefully.

If you agree with your lender’s terms and conditions, then sign away, and your money should transfer. If you disagree and choose not to sign, feel free to apply with Monzi again in the future, for a chance to be paired with a different lender.

Sand timer running out before applying for last minute loans

Do I need to secure a last minute loan?

To secure a loan is to use an asset, such as a car, to reduce the risk level you pose to a possible lender. This means that if default on your loan, the lender may take steps to repossess the asset used as security. As a guide, lenders offer secured loans up to $10,000.

You don’t need to secure loans under $2,000. So, whether you have to provide security or not, is entirely dictated by how much you want to borrow.

Apply in the dead of night, if you’d like

You can place your application for a last minute loan at any time of the day. Monzi understands that undesirable events can happen when you’re least expecting it. Fortunately, our lender-finder service is 100% online and accessible at all hours of the day.

Imagine it’s one o’clock in the morning, you have a strong ‘midnight snack’ urge – particularly a two-minute noodles craving – so you leave your bed and head down to the kitchen. You get to the sink, ready to add the water to your noodles, however, as you turn on the faucet the handle pops off, and you can’t stop the water from running. It’s a job for a plumber, not your uncertified self, but payday isn’t for another week.

Call the plumber and don’t stress about making it through to payday. If you place an application with Monzi, your request will be processed as soon as business hours recommence, and we may be able to match you with a lender to get you back on your feet as quickly as possible.

How soon will I receive my last minute loans?

Personal loans are ideally same day loans. A same day loan means the money reaches your account on the same day you apply. Which is generally possible when the credit you apply for has a short repayment period. Your repayment period depends on your lender.

How soon you will receive your money is also dependent on transfer times between accounts. So, while you can receive your money on the same day, understand that it may take slightly longer for your cash to be processed.

Monzi aims to process your application within the hour, provided you apply during business hours. However, this is dependent on the availability of a lender that matches your needs.

Creating a repayment plan

The last thing you need when seeking a last minute loan is to create a debt cycle that you cannot escape. Therefore, it is smart to consider how you will repay your loan before you apply. If you are already in debt, this is especially important. Here are some steps to consider when creating a repayment plan.

List your debts

If you already have some accumulated debt, begin by ranking this debt by priority. Ensure you can repay your gas, phone or water bills before stacking up personal loan debt. Put any available funds towards your highest priority debts first.

Improve your saving habits

Increase your knowledge on how to be an active saver, the more money you can put away on payday, the less likely you will be to struggle with debt. Once you have prioritised your debts and amassed your savings, you can begin freeing yourself from the cycle.

Ensure you understand loan terms before applying

Make sure you have a solid understanding of your contract, if you are unsure about repayment times or personal loan interest rates, check with your lender to have these concerns cleared up. This is key to avoiding debt buildup. If you understand the terms, you will have a better idea about the likelihood that you will be able to repay any last minute loans.

Monzi has a repayment calculator that can be used – as a guide only – to help outline your repayments for any personal loans, however, if you already have some debt it may be wise to only borrow a small amount.

Last minute loans with bad credit

Can you receive a last minute loan with bad credit? Yes, you can. Unlike the standard personal loan, bad credit loans not only look at your credit report, but also at additional information such as income, repayment history, and saving habits.

The lender will look at your current behaviours, rather than your past information, potentially making it possible for your application to be approved. This does mean, however, that you will have to be conscious about these behaviours; make sure that you can show a regular income and controlled spending habits.

Last minute loans no credit check

Last minute loans may not only on offer for people with bad credit, but they may also be available for people who do not want their credit checked at all. With no credit check loans, lenders won’t access your credit report. However, they will examine the last 90 days of your bank statements, and the details of the loan will list on your credit report.

Unfortunately, lenders rarely offer these loans. For most loan assessments, credit checks will be a key piece of the puzzle and may be unavoidable. Luckily, as we’ve touched on, lenders will consider your financial situation to in order to determine your outcome.

Ultimate, don’t be discouraged by the fact that loans may not be offered without a credit check. At Monzi, we know many lenders who may look at the bigger picture to determine your outcome. A credit check is simply one consideration.

The importance of managing your credit score

Your credit score is a ranking how well you manage your borrowing and spending habits. Depending on the credit bureau, it will be a score between zero and 1,000 or zero and 1,200. Bad credit is generally anything below 500. If your score is in the ‘bad credit’ range, you may struggle with your financial future.

While bad credit is not the end of the world, it is still wise to maintain a healthy credit score in case you would like to receive a large loan such as a home loan in the future. However, if you need a small loan, Monzi may match you with a lender even if you have bad credit. It is then up to that lender to decide whether or not to approve your application.

When to seek financial counselling

If you are struggling with debt it is recommended that you seek financial counselling to receive aid. Financial counselling can be a free and independent service, with a mission to help those who need help with repayments and budgeting.

These free services are available in all states. The Australian Securities and Investments Commission (ASIC) also has the MoneySmart website where you can access resources to help with a range of financial problems. Being aware of your relationship with debt is a proactive step to keeping on top of any potential problems.

Last minute loans: Monzi’s got you covered

While we hope you won’t need a last minute loan, we’re there to try and find lender offering Aussie loans if a situation arises. Apply today. It’s quick, easy and won’t raise a sweat. Scroll up to Monzi’s loan slider at the top of the page.

Keen to stay up to date? Follow us on Facebook, Instagram, Twitter and Pinterest.

If you have any further inquiries, contact our team at

Factor In


Two credit cards
Two credit cards

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.