Trust Monzi to Find you a Lender that can offer the Loan you Need!

loans

At Monzi, we do the searching for you. Don’t waste time hunting down hundreds of lenders, just apply with Monzi and we’ll get you connected. We can find lenders that offer qualify loans when you need them most. You can bet we do it quickly! We’re 100% online, so we don’t mess around with maddening paperwork or lengthy applications. If you’re on the hunt for a lender, we can find you a lender that can offer personal loans, fast cash loans, cash loans for bad credit, or small loans. Before we can get into the myriad of loans our lenders can offer, we’d better introduce ourselves.

About Monzi Loans

We are Monzi, and what we do is pretty simple; we find lenders. That’s it. No fancy jargon, just quick and simple lender-finding. We know that time is money, and we want to save you some by finding a lender that can help. Monzi is ready to help Aussies find a lender that can offer them the personal loan they need when they need it. One application, one lender-finder, one lender. It’s that easy! Trust Monzi to help you find the lender you need.

What are personal loans?

Personal loans are short-term loans, typically starting from $300 to $10,000. The repayment period and costs depend on the policies of each individual lender. It just so happens, that we can find lenders that can offer personal finance starting from $300 to $10,000. When you just need that extra boost to your funds, Monzi can find you a lender that can help. It’s as easy as that.

Our lender-finding service is 100% online, so all you need is a device and you’re ready to apply. We’ve designed our service to cater to all Aussies, bad credit and all. So, if you’re receiving Centrelink or have bad credit, you’re still welcome to apply. We can find lenders that can offer personal loans for people with bad credit or receiving Centrelink payments. That’s the Monzi Effect.

Who is eligible for cash loans?

At Monzi Loans, we believe all Aussies are entitled to quick finance when they need it, however, we do have a few requirements to check off before applying for our lender-finding service:

  1. Must be over 18 years old
  2. Be an Australian resident or permanent resident
  3. Be receiving a regular income into a personal account for at least 3 months
  4. Have an active mobile number and email address

And that’s it. Just those four little requirements. So, before you apply for our expert lender-finding service, make sure you tick off all these requirements.

What to have handy when applying

Applying with Monzi is pretty simple. No complicated steps, with piles of paperwork, just one application you can complete in minutes. To help speed along the process, have these details handy when applying:

  • Personal contact details e.g. mobile number and email address
  • The reason for your loan
  • Internet banking login details
  • MyGov details (if applicable)
  • Employment info

And that’s it. You can complete our application in minutes, with zero paperwork required. Just enter in your details, and we’ll handle the rest!

Apply with Monzi in three easy steps

Applying for our lender-finding service is a breeze. The entire lender-finding process can be completed in three steps! So, if you’re in need of quick cash, simply follow these three steps:

1/3 You Apply Today

To apply with us and find a lender that can offer personal loans, simply complete our application form – it only takes a few minutes! You don’t need print or sign any paperwork, just a fill in a few details and we’ll get to work finding you a lender.

To begin your application, scroll up to our loan repayment calculator and select the amount you wish to borrow and for how long. Then, once you’re happy with your proposed loan terms, click the Apply button! Just remember that all the costs on our loan calculator are simply examples. All costs are subject to individual lenders.

2/3 We Find You A Lender

After you submit your application, we get to work finding you a lender that can offer you fast cash loans. Our team of lender-finding specialists do their best to find you a lender as quickly as possible. We want to deliver quick outcomes to all our applicants because we know that the last thing you want to do is wait around. At Monzi we don’t like cheesy suspense, so we’ll do our best to let you know whether or not we can find you a lender.

3/3 Meet Your Lender

If we find you a lender, then we’ll let you know. Your new lender will be in touch with you shortly to go over a few details with you. If you’re unhappy with your lender or loan contract they provide you, you are under no obligation to accept the contract. No fees apply if you decide to reject. That’s the Monzi Effect.

That’s it. Just those three simple steps and that’s cash straight to your bank. So, why wait? Apply online today, just scroll up to get started.

Why Choose Monzi?

Excellent question! We just happen to know the answer, well a few answers:

  • We find lenders for Aussies

    Monzi Loans is a proud Australian lender-finder that is ready to help everyday Aussies find a lender that can help. Our team lender-finding specialist is hidden right behind your screen! So, if you have any issues, don’t hesitate to contact them at hello@monzi.com.au.

  • No need to pay

    When funds are tight, the last thing you need is to fork out more cash. That’s why our lender-finding service is 100% free! No fees involved, we just find you a lender, then if approved, you can talk cash with them. And if you’re not happy with the contract a lender offers, don’t worry, you’re under no obligation to accept. No fuss, no worries lender-finding. So, submit an application free of charge, just click the apply now button!

  • Headache-free

    At Monzi, we do all the legwork. If you find yourself searching and searching for the right lender, stop! And let us handle it. Just submit an application in a few short minutes, and let us handle the rest. We’ll get to work finding you a lender that can offer you a personal loan when you need it most. No need to jump through hoops, fill in hundreds of forms until your wrist cramps – just one application, one lender-finder and one lender. That’s the Monzi Effect.

Secured Data

Since the rise of the internet, we have prospered from many wonders, like memes, cat videos and access to endless streams of knowledge, however, the internet has also ushered in questions regarding security and privacy. We know that. That’s why when you apply with Monzi, we secure your data. We also protect your privacy. In our application, we ask for some seemingly sensitive info, like your bank account details, however, there’s no need to worry. We ask for this info so the lender we find can access a read-only copy of your bank statements. And we’re committed to upholding your privacy, for more details read our policy.

Possible Costs

Let’s talk costs. Now, as a lender-finder, we cannot guarantee costs, but we can certainly give you an idea. At Monzi, we find three types of loans, small loans, secured medium and large personal loans. Check out the possible costs:

Small Personal Loans: unsecured loans from $300 to $2,000

  • Establishment fee: 20% of the principal
  • Ongoing fee: 4% of the principal, typically charged monthly

Medium Personal Loans: secured loans from $2,001 to $4,600, to be repaid over 13 to 24 months

  • Establishment fee: Once-off $400 fee
  • Ongoing fee: 48% annual percentage rate

Large Personal Loans: secured loans from $5,000 to $10,000 to be repaid over 13 to 24 months

  • Ongoing fee: 21.24% annual percentage rate

If your repayments are late, your lender may charge you a dishonour fee, however, that will depend on each individual lender.

Just remember, all costs are subject to individual lenders. To see a complete example of costs, head over to our costs page.

Simple repayments

We find smart lenders. Just like our service, we want your repayments to be easy. That’s why we find lenders that can offer easy repayments. How you may ask? If a lender approves your loan, they’ll most likely set up a direct debit with your nominated bank account. So, when your repayment due date rocks up, the funds will be transferred from your account automatically. Simple, right? No need to set hundreds of reminders only to forget to make your repayments. Just make sure you have enough funds in your nominated account.

What about cash loans for bad credit?

If you have bad credit, don’t sweat it, just apply and we’ll do our best to find a lender that can offer personal loans for bad credit. We cannot guarantee that the lender we find won’t conduct a credit check, however, don’t let that deter you from applying for our lender-finding service. The lenders we find may look at more than just your credit score. They can also look at your current relationship to see if you’re eligible for a loan.

At Monzi Loans, we’ll do our best to find you a lender that can help, bad credit and all. So, don’t let a pesky financial mishap stop you from applying for the finance you need with Monzi Loans.

What if you receive Centrelink payments?

Whether you have bad credit or receiving Centrelink payments, we’ll do our best to find you a lender that can offer fast cash loans. The lenders we find can classify Centrelink payments as regular income as long as you’ve been receiving them for at least 3 months. So, if you are receiving Centrelink, don’t stress it, just apply today and we’ll do our best to find you a lender that can offer cash loans for Centrelink customers.

Unsecured or secured?

At Monzi Loans, we can find two different types of loans; secured and unsecured personal loans. But you may be wondering what’s the difference. Don’t worry, we don’t like our customers to be in the dark, so we’ll tell you:

Unsecured loans – personal loans that are not secured by equity, such as a car, motorbike, boat or caravan. Unsecured loans are perfect for those city walkers that are looking for quick, short-term cash.

Secured loans – personal loans that are secured by equity, such as a car, motorbike, boat or caravan. Secured loans are typically available over $2,001. If you’re looking for an investment in your funds, then secured loans are just the ticket.

So, whether you’re looking for secured or unsecured loans, just scroll up and apply with Monzi in minutes.

Let’s be friends

If you’re ready to apply with Monzi Loans, simply click the apply now button and you’ll find yourself at our loan calculator. If you have any questions about our lender-finding service, don’t hesitate to contact our team of lender-finding specialists at hello@monzi.com.au.

Want more Monzi? Great! Stay in touch on Facebook, Twitter, Pinterest and Google. And to get the latest tips and tricks to hit personal finance follow our blog.

How customers rate Monzi

Trust Monzi to Find you a Lender that can offer the Loan you Need! Overall rating: 4.7 out of 5 based on 4 reviews.

Factor In

Costs

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

Terms

12 months

Costs

20% upfront establishment fee

+ 4% monthly fee

Example

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%. 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

Terms

13 months

24 months

Costs

48% annual percantage rate

67.41% comparison rate p.a.

Example

Loan Amount of $3,000 over 18 months repayable weekly (78 weekly repayments). $3,000 (Principle Amount) + $400 (Establishment Fee) + $1,379.06 (reducing interest) = $4,779.06 total repayable over 18 months with weekly installments of $61.27.

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.

Loan amount

$5,000 - $10,000

Terms

13 months

24 months

Costs

21.24% annual percantage rate

48% comparison rate p.a.

Example

Loan Amount of $10,000 over 24 months repayable weekly (104 weekly repayments). $10,000 (Principle Amount) + $5,577.12 (Interest) = $15,577.12 total repayable over 24 months with weekly installments of $149.78.

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.