Loans For Unemployed Aussies From $300 Online – Apply Now

Loans for unemployed people! While they may feel difficult to find, Monzi might be able to make it a little easier. We’re a lender-finder that might be able to make finding finance online a breeze!

Before applying for loans for unemployed

It is important to explore the other options available to you before applying for unemployed cash loans.

For example, if you are receiving Centrelink, you may be eligible for a Centrelink Advance Payment. A Centrelink Advance Payment involves receiving part of your income support payment or Family Tax Benefit early. Then, you will pay your advance out of your future Centrelink payments, interest-free.

How to apply for an Advance Payment

Applying for an Advance Payment is easy. Here’s how you can do it:

  1. Sign in to myGov and select Centrelink.
  2. Choose Apply for Advance.
  3. You’ll be told if you’re eligible or not. If you are, select Get Started.
  4. Follow the prompts to apply. You will find helpful information on your screen at each step.
  5. Once you have completed your application, hit ‘submit’.

You can also apply for an Advance Payment with the Express Plus Centrelink mobile app.

You will pay back part of your advance every fortnight. Centrelink will automatically deduct your repayments out of what they would usually pay you. As a result, you will not need to set anything up.

Find more information on Advance Payments through Services Australia.

Fast cash loans for unemployed

Unexpected expenses arise in all of our lives. For some of us, we may have enough tucked away to handle these unexpected costs ourselves. For others, it’s not that easy.

Some people will need a financial helping hand to see them through to the other side. In these situations, fast online lenders may be one way to get a small cash injection into your bank account. This, however, may prove to be a bit more difficult if you are unemployed.

These cash loans can often feel almost impossible to find. Moreover, even when you do find them, the terms and costs can be tricky to understand. Using Monzi’s lender-finder service, on the other hand, might be able to make this whole process a little easier.

Payday loans vs. personal loans for unemployed

Often, when people think of unemployed loans, they think of payday loans. However, Monzi’s lender-finder service will aim to match you with a lender potentially offering loans. The distinction between the two is important.

To begin, the repayment terms offered by payday lenders are often much shorter than the ones offered by personal loans. In some cases, payday loan cash advances can have repayment terms as short as four weeks, whereas personal loans are usually over several months. In short, the repayments on a $2,000 loan are much more manageable over several months than four weeks.

Additionally, payday lenders rarely offer over $2,000. Conversely, other lenders may offer up to $10,000 personal loans. This, however, depends on the individual lender. Moreover, if you are unemployed or receive Centrelink, then you may be limited in the amount you can borrow.

Find lenders offering online loans for unemployed through Monzi

What does Monzi do? Well, we’re a lender-finder that aims to make your life easier and a little less stressful.

In short, Monzi aims to pair you with a lender who might be able to offer you a loan. All consumers need to do is lodge one application with Monzi, and we’ll get to work on the rest. Therefore, you can forget filling out multiple applications or wasting half your day listening to hold music.

The best bit? Monzi is free to use.

Do banks give loans to unemployed people?

While banks may all differ in their eligibility criteria, it may be tough to receive approval on a bank loan if you are unemployed.

This is due to banks generally having stricter qualifying criteria for loan applicants.

When you apply for a loan from a bank, they are likely to consider the following:

  • Whether or not you have defaults listed on your credit report.
  • If your credit report includes missed payments to credit providers that are more than 14 days overdue.
  • Your income and existing debts will be examined to make sure you can afford the loan repayments.
  • Whether you have sufficient savings to cover the loan repayments.

While short term lenders may examine the same things listed above, they are generally more lenient. Therefore, you may still be considered for instant approval today.

Where can I get a loan with no income?

As you may have noticed, lenders will often look at your regular income levels closely when you apply to borrow money. Therefore, how can you apply if you are unemployed and have no income?

The good news is that some lenders may be willing to regard regular Centrelink payments as a form of income.

Yes! You read that correctly. However, you must show that your repayments will fit in with your Centrelink income and other regular expenses.

However, if you receive no income what so ever, then your application will not progress. In short, lenders must see that you have the capacity to repay any money you borrow. Without income, this likely won’t be possible.

So, you’re saying I can get a loan with no job?

Yes, potentially!

Certain lenders may be able to regard Centrelink payments as a form of regular income.

Keep in mind that lenders may only accept certain types of Centrelink income. For instance, Centrelink payments such as Youth Allowance may be ineligible. Therefore, you may need to get in contact with the lender directly to find out more.

What can I use loans for unemployed for?

As we mentioned above, Monzi’s lender-finder aims to pair you with a lender who may be able to offer personal loans for Aussies without employment. Consumers can use their personal loan to cover a variety of personal costs.

You could use your loan to cover any of the following:

In short, you can really use your personal loan to cover almost anything. The above list is just a guide.

Can an unemployed person get a loan?

In short, yes!

However, you will need to show that you receive some regular income. Often, this comes in the form of Centrelink payments, but may also include income-generating assets (e.g. a rental property).

How do I know if I’m eligible?

We’ve aimed to keep the eligibility criteria as open as possible for our lender-finder service. After all, we want to help as many Aussies as possible find great lenders without the hassle.

So, before you apply with Monzi’s lender-finder service, make sure you meet the following criteria.

  • Are you over the age of 18?
  • Are you an Australian Citizen or Permanent Resident?
  • Do you have an active personal email address and mobile number?
  • Have you been receiving a regular income into a personal bank account for at least the last 90 days?

Can you say yes to all of the above? Great! Monzi can start trying to find lenders offering personal loans.

How to apply for personal loans for unemployed

Monzi understands that when you’re unemployed and dealing with a cash emergency, you will be looking for fast cash loans without a job. As a result, we’ve aimed to make our lender-finder service as simple and as streamlined as possible. Therefore, you should generally be able to apply in minutes.

Want to know how to get started? Read on.


The first step is to apply with Monzi. To do this, consumers will need to scroll up to the loan calculator at the top of the page. Next, enter the amount you’re thinking of borrowing as well as your ideal repayment terms. You’ll now be given a rough idea of what the weekly, fortnightly and monthly repayments may look like on your loan.

However, the terms and costs presented in the slider are just a guide. If you are matched with a lender, then your actual costs may vary.

Once you’re happy with everything, click Apply Now.


You’ll now be taken to our online submission form. Our application only asks for the essentials and is 100% online and paperwork free. As a result, it shouldn’t take long to apply for an instant loan.

Once you’ve submitted your form, our smart system will get to work scanning through different loan products. We’ll aim to do this as quickly as possible so you receive an outcome in what feels like no time.


If we successfully pair you with a lender, they’ll contact you. Lenders generally get in touch via email and mobile.

Your new lender will now conduct their own assessment of your application. If you are approved, they will send through a digital contract. You must read through your loan contract carefully.

Pay attention to the terms of your loan, as well as any other fees and charges. If you are happy with everything, approve your contract. Generally, your lender will transfer your funds after you’ve approved your contract.

Alternatively, if you are unhappy with the terms of your loan, you are under no obligation to approve your contract. Instead, inform your lender that you no longer wish to proceed.

I’m looking for small loans

Are you looking for little loans for unemployed applicants? Monzi may be able to pair you with lenders offering small loans for unemployed individuals of $2,000 and under.

These are unsecured personal loans, meaning you will not be required to attach an asset as security. This is good news if you aren’t the registered owner of a motorbike, caravan, boat or car.

Monzi also works with lenders who offer both medium and large personal loans. Below is a guide outlining the types of loans potential lenders might be able to offer.

Loans for unemployedAmount (AUD $)Repayment termSecured
Small personal loan$300 to $2,00012 months
Medium personal loan$2,100 to $4,60013 to 24 months
Large personal loan$5,000 to $15,00013 to 24 months

Keep in mind, the repayment terms may vary depending on the lender you’re paired with.

In addition, if you are unemployed or receive Centrelink payments, then lenders may limit the amount you can borrow (e.g. up to $2,000). As a result, be aware of this before you decide to apply for a large loan.

loans for unemployed people

24/7 loans for unemployed online

The great thing about being a 100% online service? Consumers can use our service 24/7! And, if you have a smart device, our mobile-friendly site means you can apply on the go. So, whether it’s on the midnight train home, or while you’re walking the dog on Sunday, you can use Monzi!

Lenders may not be able to process your application until the next business day if you apply outside of normal hours.

So, if you’re without a job but need a loan 24/7, why not apply with Monzi?

Can I get same day cash loans for unemployed applicants?

In short, yes!

Access to your funds, however, is dependent on a few variables. Understanding these variables might improve your chances of accessing loans on the same day.

Your bank’s transfer policies.Certain banks may handle loan transfers differently. Therefore, borrowers with certain banks may receive their loans sooner than others.
Approval time.If you approve your loan contract outside of normal business hours, your lender may not transfer until the next business day.
Weekends.If you submit an application with Monzi over the weekend, you may not be processed until the next business day.
Banking roundsKeep in mind lenders may have certain rounds throughout the day where they transfer loans. Generally, there are no banking rounds over the weekend.
Correct informationLenders may delay processing your application if they require additional information from you. Therefore, aim to supply all relevant information the first time you fill out your application.

What about fast no credit check loans for unemployed?

Consumers who search for no credit check loans often feel their credit is so bad, they will be ineligible for any other loan.

While lenders do look at your credit, this is not the only thing they focus on. Monzi, in particular, has a network of lenders that may be able to focus on other aspects of your application.

In short, Monzi cannot guarantee whether or not lenders will conduct a credit check. What we can say, however, is that they may be willing to assess your current relationship with money as well as your credit history to determine your outcome.

Why do you ask for my banking details?

When you use Monzi’s lender-finder, you’ll notice we ask for your online banking credentials. There’s no need to stress! It will all make sense in a moment.

When you enter your online banking details, our intelligent technology is able to access a read-only copy of bank statement covering the last three months. As a result, we are able to pass this on to potential lenders.

Lenders, therefore, can get a better idea of your overall relationship with money. In particular, they can determine your income and expenses, as well as how you’re keeping up with other repayments you may have.

In addition, consumers are not required to supply any of their bank statements or payslips themselves. Our automated system will do it all for you.

When you think Monzi, think of easy loan applications and potentially, no paperwork loans for unemployed Australians.

Find loans for unemployed people with bad credit

All is not lost if you are unemployed and have a poor credit score.

As we mentioned above, we can provide read-only copies of your bank statements to potential lenders. As a result, they are able to look at more than just your credit history.

Loans for unemployed single mums with bad credit? We’ll try to help.

As we’re sure you’ve gathered, we’re all about helping as many everyday Australians as possible access quality lenders online. Even if you are unemployed and have poor credit, we’ll still aim to match you with a lender.

Are there loans for unemployed bad credit and on Centrelink?

An essential calculation for most lenders involves risk. In short, if they allow you to borrow money, what is the likelihood that you will repay it?

With this, if you receive Centrelink payments and have bad credit, most lenders will view you as a significant risk. After all, not only have you been unreliable as a borrower in the past, but you may also earn a low income. Given this, accessing loans for unemployed with bad credit on Centrelink may be difficult. However, if you apply with Monzi, then we’ll do our best to match you with a lender.

Finally, if you are unemployed, consider every alternative to borrowing money via a personal loan. Lenders charge interest and fees, meaning the costs can be significant. As a result, they may not be an appropriate or affordable option for you.

Guaranteed loans for unemployed Aussies

Guaranteed loans, often referred to as secured loans, refer to loans where you must provide one of your assets as security. In short, this security guarantees the loan, as if you default, then your lender may take steps to repossess the asset to recover their losses. As a result, lenders face less risks and may be more willing to consider approving your application.

As a guide, examples of assets you may use as security include cars, motorcycles and caravans. However, to be eligible, you must be the registered owner of the vehicle.

In any case, if you would like to apply for guaranteed loans for unemployed, note that these loans are only offered for amounts over $2,000. Moreover, if you are unemployed, lenders may cap the amount you can borrow.

Can I get a loan on the weekend?

Expenses can still pile up over the weekend. As a result, if you find yourself in a bind, you may want to know about the availability of weekend loans for unemployed. With this, there’s good news and bad news.

On a positive note, you can apply with Monzi 24/7. It doesn’t matter what day or time it is, log on and you can submit an application. From there, we’ll do what we can to match you with a lender offering loans from just $300.

The bad news, however, is that applications received outside of business hours may encounter delays. While you may be matched with a lender, they might not be able to conduct your assessment until the following business day. As a result, while you can apply for cash loans on the weekend, you may need to bank account for some waiting time.

Factor In Costs

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


Representative example based on a loan of $1000 over 6 months a borrower can expect to pay a total of $1440.

Disclaimer: Under the current legislation, all Small Amount Credit Contract loan providers don’t charge an annual interest rate. The maximum you will be charged is a flat 20% Establishment Fee and a flat 4% Monthly Fee. The comparison rate on loans between $300 and $2000 could be up to 199.43%. The minimum loan term is 16 days and maximum loan term is 12 months. Representative example based on a loan of $1000 over 6 months a borrower can expect to pay a total of $1440. WARNING: This comparison rate is valid 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.

Loan amount

$2,100 - $4,600


13 months (minimum)

24 months (maximum)


47.8% Annual Percentage Rate (APR)

65.85% Comparison Rate p.a.


Representative example based on a loan of $2500 over 24 months a borrower can expect to pay a total of $4,556.88.

The maximum interest rate for a Medium Amount Credit Contract is 47.8%. Comparison Rate 65.85% p.a. The maximum loan term is 24 months. Representative example based on a loan of $2500 over 24 months a borrower can expect to pay a total of $4,556.88. WARNING: This comparison rate is valid 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. Credit criteria and terms and conditions apply.

Loan amount

$5,000 - $15,000


13 months (minimum)

24 months (maximum)


17% Annual Percentage Rate (APR)

36% Comparison Rate p.a.


Representative example based on a loan of $10,000 over 36 months a borrower can expect to pay a total of $16,489.

The starting interest rate for a Personal Loan is 17%. Comparison Rate 36% p.a. The maximum loan term is 24 months. Representative example based on a loan of $10,000 over 36 months a borrower can expect to pay a total of $16,489. WARNING: This comparison rate is valid 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. Credit criteria and terms and conditions apply.