Money Lenders Found Through Monzi’s Lender-Finder. Up To $10,000

Money lenders could be a great solution if you need cash loans to cover an unexpected expense. However, the sheer number of available lenders can be confusing and at times overwhelming. Monzi, on the other hand, is here to spell it all out for you, and tell you about our lender-finder service.

What are money lenders?

As the name suggests, they are providers of credit. Often, many of these lenders will allow you to apply online within minutes.

Generally, you will apply for a certain amount, and your lender will assess your application. Next, if you’re successful, you’ll be sent a loan contract to read over and approve. From there, your lender will get to work transferring your funds.

You will repay both the principal amount you borrowed, as well as interest and additional fees and charges. Finally, you may also be required to attach an asset as security against certain loans.

What are the different types of money lenders?

People need credit for all sorts of different reasons. After all, everybody’s individual circumstances and needs are different. Therefore, the different kinds of credit providers match this.

To illustrate this further, the Australian loan market is typically sorted into a few broad categories.

  • Short-term lenders: Includes lenders offering short-term personal or business loans. Often, your loan can be processed quickly on the same day and you’ll generally have a repayment term ranging from a few weeks to several months. These loans may be referred to as payday loans Australia. Short-lenders includes credit providers offering payday loans as well as personal loans.
  • Bad credit lenders: These credit providers specialise in providing bad credit loans. To compensate for the additional risk, these credit providers may charge higher fees.
  • Branch lenders: This includes more traditional credit providers, like banks and credit unions, as well as other lenders. In addition, you will usually be able to walk into a physical branch and apply for a loan.
  • Large-amount providers: These institutions specialise in providing large personal loans, often amounts of $5,000 to $10,000. Banks and credit unions, as well as other non-traditional lenders, are included in this category.
  • Equipment and vehicles: This could include an actual company selling you the equipment, like a car dealership, or a third-party provider specialising in equipment financing.

What are private money lenders?

Private money is a term common in banking and finance. In a nutshell, private lenders are credit providers outside of traditional providers, like banks or credit unions. It may even include peer to peer lending platforms.

As a result, private money providers may have eligibility criteria and loan terms that differ from the banks.

Where can I go to borrow money?

If you are looking to borrow money, there are numerous options available to you.

You could, on one hand, opt for a traditional provider. These could be a bank or a credit union. Often, you are able to physically enter a branch and apply for a loan in person. These credit providers are, however, characterised by more stringent eligibility criteria and longer processing times.

On the other hand, you could apply with an online alternative lender. Often, online lenders can process your application much faster than traditional lenders. In addition, you may even be able to complete your application without filling in any paperwork. This is, however, dependent on individual lenders.

Therefore, weigh up what is important to you, and what you are looking for out of a credit provider. Whether you need same day loans for bad credit or consolidation loans, you might find a suitable option.

How to compare different options?

When shopping around for credit, your choice in a lender is important. After all, it is important to select a credit provider that fits your individual circumstances. Therefore, consider the following, as well as what is important to you.

  • Reputation: Some lenders will be perceived to be more reputable than others. Therefore, pay attention to details such as brand, business longevity as well as other elements.
  • Loans offered: It is important to confirm your lender offers the amount you’re looking to borrow. In addition, make sure they are able to provide it within the timeframe you need. For instance, you may need a same day loan, so confirm if this will be possible.
  • Costs: Be aware of the interest rate your lender charges, as well as any other additional fees. Also, pay attention to the difference between fixed and variable rates. Finally, consult the lender’s comparison rate. Comparison rates, in short, make it easy to compare the true cost of certain loan products.
  • Loan terms: This is the timeframe which your loan is scheduled to be repaid. Depending on the loan product you apply for, your loan term may vary from several weeks to years. It is important, therefore, to make sure you’ll be able to afford your regular repayments.
  • Additional features: Be aware of what extra features your lender may offer. For example, online account management, customer support or even additional sub-accounts for lines of credit.

What do they mean by a hard money lender?

Hard money loans is a term used almost exclusively in The United States and Canada. They are, simply, a type of asset-based financing. Generally, the borrower will receive a loan that is secured by property.

In short, hard money loans developed as an alternative for property owners seeking capital against the equity in their property.

Comparison rate definition

In short, comparison rates reduce to a single percentage figure the interest rate plus most of the fees and charges relating to a loan. As a result, comparison rates are a useful tool that helps you work out the true cost of a loan.

Below is a simple table outlining how comparison rates are calculated.

Interest rateFees & chargesComparison rate
Loan A8%0.5%8.5%
Loan B8.25%0.1%8.35%

What will money lenders look for before approving my application?

Getting an idea of what credit providers look for in an application is really quite simple. After all, most of what they look for is common sense.

Will you repay the loan?

Lenders will often, initially, look into your likelihood of repaying the loan. Your past credit history is seen to be a good indication of your creditworthiness. For example, if you have a lot of cash, but a very poor credit record, lenders may be unwilling to lend to you.

Therefore, most lenders are likely to conduct some form of a credit check on your application. Your credit report, is short, contains information collected by credit reporting agencies. This report details your credit history and includes information such as the number of credit applications you’ve made, as well as the number of defaults and other credit infringements.

So, while you may search for payday loans no credit check, it’s important to note that Monzi cannot guarantee if you will avoid a credit check.

Is the borrower able to afford the loan?

Credit providers will also inquire into your actual ability to afford the repayments. In other words, will your repayments fit comfortably into your monthly budget? In addition, a certain amount of time spent in your current employment will be preferable. After all, job security and stability are important for lenders.

How longW will it take to repay the loan?

As the borrower, you will need to nominate your ideal loan repayment term. Often, you will need to reconcile your monthly income and expenses. Generally, lenders will only take issue with your nominated repayment term if they feel your repayments will stretch your monthly budget.

Why is my credit score important?

Your credit score is a numerical representation of the information on your credit report. In addition, your credit report contains information about your history as a borrower. This information is then compiled by credit reporting agencies.

Lenders use your credit score, along with your report, to assess the risk involved in lending to you. Therefore, getting yourself into a good credit position before you next apply for credit may improve your chances of being approved. In addition, an excellent credit score may even affect the interest rate you’re charged on certain loans.

Equifax and Experian are the two biggest credit reporting agencies in Australia. Equifax scores are between 0 and 1,200 and Experian range from 0 to 1,000. In short, the higher your score, the better a borrower you are perceived to be.

To give you a better idea, however, we have broken down the different bands in a table below.

Credit bandExperianEquifax
Excellent800 – 1,000833 – 1,200
Very good700 – 799726 – 832
Good625 – 599622 – 725
Fair / Average550 – 624510 – 621
Weak / Below average0 – 5490 – 509

How can I check my credit score?

Consumers are able to get a free credit score from various online providers. Keep in mind, however, the results may vary depending on which credit reporting agency is used.

  • Creditysavvy (Experian score)
  • Getcreditscore (Equifax score)

Keep in mind, you may need to check multiple different credit score providers to get a reliable indication of your credit score.

In addition, your score is dynamic and may change month to month as your circumstances change.

Can I improve my credit rating?

You absolutely can!

After all, your credit report contains information on your financial history. As a result, your credit report continually changes. In short, good borrowing habits are reflected positively on your credit report.

You can improve your credit score by:

  • Lowering your credit card limits.
  • Consolidating multiple personal loan and credit card debts.
  • Lowering your credit applications.
  • Making repayments on schedule.
  • Paying rent on schedule.
  • Pay mortgages and other loans on time.
  • Paying your credit card off in full.

Can Monzi find me money lenders?

Monzi provides a lender-finder service that may be able to pair you with some of the best lenders in Australia.

How can we do this? Well, our automated system is able to scan through hundreds of different instant cash loan products at lightning speed. Then, we’ll try to pair you with a lender who fits your individual circumstances.

When you use Monzi’s lender-finder service, you can forget having to fill out multiple applications. In addition, you can forget about spending hours on hold over the phone or waiting in a queue at the bank. Our application process is 100% online and paperwork-free. In short, Monzi makes finding instant online loans a breeze.

Can Monzi find personal loans?

Yes, absolutely! At Monzi we’re experts at finding private lenders for personal loans.

In particular, we work with lenders who offer personal loans ranging from $300 to $10,000. Borrowers can then use their personal loan to cover a huge range of personal expenses. In other words, you can use the funds from your personal loan to cover anything from car registration to a rental bond, or even holiday costs.

Man searching for money lenders while seated

How to find private money lenders

Monzi’s lender-finder service can make finding lenders near me a breeze. Ready to get started? Here’s how you can:


Scroll up to the loan slider at the top of the page. Next, select how much you’re thinking of borrowing as well as your ideal repayment terms. Once you’re happy, click Apply Now.

You will, now, be taken to our submission form. We’ll ask you for a few important pieces of information. Generally, this can be completed in minutes.

Keep in mind the values and terms presented by the loan slider are just a guide. As a result, the actual costs and repayment terms of your loan may vary depending on the lender you’re paired with.

Sit back and relax

Once you have completed the submission form, we’ll take it from here. Our automated system will get to work doing what it does best, and scan through hundreds of different loan products. Generally, we should be able to let you know if we were successful within a few minutes.

We’ll let you know the outcome via text and email, so keep an eye on your devices.

Meet your new lender

If we are successful, your new lender should get in contact with you. From now on you’ll deal with them directly. They will conduct their own assessment of your application. If they are happy, they’ll send through your digital loan contract.

It is important you read through your contract carefully and only agree to it if you are happy with all the terms and conditions of your loan. If you aren’t happy, you are under no obligation to sign anything. Finally, once you approve your contract, your lender will start to transfer your funds.

Access to funds will be dependent on inter-bank transfer times. Additionally, if you approve your loan contract outside of normal business hours, your funds may only be transferred the following business day.

What loans can Monzi find?

As we mentioned, Monzi specialises in pairing consumers with lenders who may offer personal loans. In particular, these lenders may be able to offer three broad categories of personal loans.

Small personal loans:

  • $300 to $2,000

Medium personal loans:

  • $2,100 to $4,600

Large personal loans:

  • $5,000 to $10,000

Will you perform a credit check?

As the lender-finder, Monzi will not perform a credit check on your application. The lender we pair you with, however, may conduct a credit assessment.

It is important to note, Monzi cannot guarantee whether or not a lender will perform a credit check as part of their assessment. This is, after all, at the discretion of the individual lender themselves.

Your application may still be approved, even if a credit check does take place. This is because Monzi works with lenders who can focus on more than just your credit history. In particular, they may also focus on your current relationship with money.

Money lenders Australia wide

One of the best thing about being 100% online? In short, we can help people all over Australia match with a lender.

Therefore, from Perth to Sydney or Adelaide to Darwin, Monzi can try and help. Below is a table listing some of the credit providers we have managed to pair with Monzi customers just like you.

Money lenders near meAmount ($) AUDApproved
Money lenders Gold Coast1,100
Private money lenders Melbourne1,500
Money lenders Brisbane2,300
Private money lenders Sydney4,000

The above table is for demonstrative purposes only. The table may not reflect the loan or terms you might be offered.

What if I have bad credit? Can you still find money lenders?

Yes, absolutely!

Monzi works with a wide network of lenders potentially able to offer bad credit personal loans. In other words, they understand you are so much more than a credit score.

When you use Monzi’s lender-finder service you get some of the latest in banking technology on your side. What does this mean? Well, when you fill out Monzi’s submission form, you’ll be asked to supply your internet banking details. We do this, in short, to access a read-only copy of at least the last 90 days of your bank statements.

We can then pass this information on to a potential lender. Therefore, lenders can get a better understanding of you and your current relationship with money. If they can see you’ve been receiving a regular income, and have been keeping up with your other repayments, you may still be considered for approval.

Looking for cash loans for bad credit? Monzi might be able to pair you with the lender you’re looking for.

I’m unemployed but need an emergency Loan!

Monzi might still be able to help!

Monzi may be able to pair you with a lender who could possibly regard regular Centrelink payments as a form of income.

Therefore, if you have been receiving Centrelink benefits regularly for the last 90 days, the credit provider we pair you with might still be able to help. Keep in mind, you may have to keep your myGov details handy when you lodge an application.

Finally, approval is always at the discretion of the lender themselves. The lender we pair you with will conduct their own assessment of your application.

Unemployed but need an emergency loan? Why not see if Monzi can help?

And if I’m a pensioner?

Monzi might still be able to help!

Even if you are a pensioner, Monzi might still be able to pair you with a lender who may be able to offer you a loan.

You will just need to show that the repayments on your loan would comfortably fit into your regular budget.

Responsible lending

At Monzi, we’re proud to work with responsible lenders.

Therefore, you can be sure the lender we pair you with will take their responsible lending obligations seriously.

If you aren’t approved for a loan today, don’t be disheartened. After all, the lenders we work with will not offer you a loan they feel you cannot repay comfortably nor can they offer guaranteed approval loans for bad credit. However, you may be able to qualify for a loan in the future.

Apply today

Ready to apply? Simply scroll up to the loan slider to get started.

Alternatively, if you have any additional questions, jump on over to our FAQs.

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Want to find out what else we’ve covered? We’ve got easy guides about topics ranging from gift cards to instant cash loans for bad credit. Check them out.

Factor In


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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.