Do You Need Cash Now? Monzi May Be Able To Pair You With A Lender In No Time!

Need cash now Australia? Finding speedy finance online can be stressful at the best of times. Luckily, Monzi’s lender-finder service is here to make your life easier. Apply from $300 to $10,000 today.

Monzi is a lender-finding service. We do not offer financial advice. Consider seeking independent legal, financial, taxation or other advice to check how the information and ideas presented on this website relate to your unique circumstances.

How can I get cash today?

Do you need cash in your pocket today? There are a few things you could try. We’ll give you some ideas below.

Look around your house

Yes, this is incredibly obvious. However, you may be surprised by how much cash you could find in and around your home (and we aren’t just talking about coins).

Therefore, consider having a look around the following places:

  • Behind your couch and between the cushions.
  • Jean and jacket pockets.
  • In your car. Remember to check all the compartments, as well as underneath the seats.

Admittedly, you may be unlikely to find hundreds of dollars in your house. Therefore, you may want to consider the next option.

Download Airtasker

Airtasker is a free app that allows users to pick up odd-jobs for cash.

For example, if you have a lawnmower, you could quite quickly pick up a few jobs mowing lawns in the local area. In addition, if you have a ute or a large truck, there are always people looking for taskers to help them move.

Need cash now? Sell your old things

If you have any old valuables lying around your house, why not consider selling something online? These days especially, with platforms like Gumtree and Facebook Marketplace, putting valuables up for sale is easier than ever.

All you need to do is take a photo of what you wish to sell, and post it to an online marketplace. From there, you could have a response in no time, and potentially cash in your hand by the end of the day.

Apply for a cash loan

You may, understandably, need more cash than what the above options are able to give you. As a result, you may want to consider applying for a cash loan online. Often, lenders may be able to assess your application quickly, and if you’re approved, send through a digital loan contract.

If you feel this is something you may be interested in, why not consider using Monzi’s lender-finding service? In short, we may be able to match you with a potential credit provider. Depending on when you apply, we may even have a response for you within 60 minutes.

Where can I borrow cash?

Consumers have a range of borrowing options available to them.

For example, you could apply with a traditional lending institution, like a bank or credit union. However, it may be difficult to secure approval if you have a bad credit record or receive government benefits. In addition, if you really need cash right now, there’s no guarantee a bank or credit union will be able to process your application in time.

Luckily, there are alternative lender options available online. These short term lenders may be able to assess your loan quickly, and potentially transfer your funds the same day you apply.

Can I get cash now with bad credit?

These days, there are plenty of online lenders who may consider offering bad credit cash loans. While in the past, this was often not possible, today’s lenders take a slightly different approach.

In short, your credit isn’t the be-all and end-all of your assessment. Lenders will consider your budget (i.e. your income and expenses) to get an idea of your financial situation and spending habits. From this, they can assess how your repayments would suit your budget.

If you are in a secure financial position and could make the repayments without losing the ability to cover your day-to-day expenses then you may still be approved for a loan with a poor credit report.

However, approval is not certain. While some lenders may offer quick loans for bad credit, they still retain the right to approve or deny applications where they see fit.

Need cash now: weekend loans?

Major expenses can appear at any time. They don’t just wait until it’s most convenient for you. Luckily, Monzi understands this.

In most cases, if you encounter a major expense on the weekend then you might think that your credit options are limited. No need to worry though. At Monzi, we’ve made sure that our website is live 24/7 so that you can apply whenever you need. It doesn’t matter if it’s a weekday, weeknight or weekend, we’re ready and willing to accept your application and can potentially match you with a lender offering weekend cash loans.

However, keep in mind that while we may be able to accept your application outside of standard hours, in most cases your outcome may be delayed. This is due to the fact that lenders often do not process loan applications during these times. As a result, you may need to wait until the following business day for your assessment to be completed.

Emergency cash now

Has your car been in a smash? Has your cat or dog left you with a mountain of vet bills?

These major cash emergencies can leave you in a financial hole. You may lack the funds to cover the costs that you need to pay today. That’s where emergency cash loans may be able to help.

In short, you can borrow the money you need now and divide the costs evenly over a fixed period of months or years. While you must repay any money that you borrow due to interest payments, in many cases, this can still be an affordable option for you. However, weigh up your options and consider your savings before applying.

Through Monzi, you can apply for emergency loans 24/7 from $300 to $10,000. With repayment terms ranging from 12 to 24 months, there may be a credit option that works for your current needs.

I need a loan now! Please help

Needing emergency cash is never a fun time. Generally, people apply for fast emergency cash loans if an unexpected expense has reared its ugly head.

With a debt or deadline breathing down your neck, it can be easy to panic and apply with the first lender you come across. However, they may not always be your best option.

Specifically, it may be tempting to apply with a payday lender. After all, they offer easy approval and quick transfers. However, they also often carry inflexible, short repayment terms, as well as high fees.

In these situations, it is important to keep calm and consider all the options available to you. For example, you could think about using Monzi’s lender-finder service.

Am I eligible for Monzi’s lender-finder service?

We have a few pretty industry-standard criteria you will first need to meet before using Monzi:

  • You will need to be at least 18 years old.
  • An Australian Citizen or Permanent Resident.
  • Have your own mobile number and email address.
  • Have at least 90 days of banking history, receiving a regular income into a personal bank account.

Please note, we are not actually lenders, but a lender-finder service. As a result, we cannot speak to the assessment criteria of individual lenders. In other words, even if you meet all the above criteria, you may not be eligible with an individual lender, as they will have their own assessment regulations.

How do I get started with Monzi if I need fast cash now?

In a rush and need cash in your account pronto? Don’t worry, Monzi likes things to mover quickly as well.

Here’s how you can get started with our super-speedy lender-finder service:

Lodge an application online

The first step is, obviously, lodging an application on our site. In fact, you can do that right here; just scroll up to the loan slider at the top of the page.

Next, select how much you’re thinking of applying for, as well as your ideal repayment terms. Once you have done this, some examples of the weekly, fortnightly, and monthly repayments will be shown.

Be aware that these examples are a rough guide only. Credit providers vary in the cost of their loans.

Finally, complete the submission form by filling in all relevant information. And, that’s it!

Wait for the Monzi magic

This is the part we do best. In short, once we receive your submission, we’ll get to work trying to match you with a lender.

If you apply during normal business hours, we may have an outcome for you within 60 minutes.

Match!

If we match you with a lender, they will first assess your application. If you’re approved for a loan, they’ll make an offer. Only approve the digital loan contract if you are happy with all aspects of your loan. Otherwise, you are under no obligation to approve the contract offered to you.

Depending on the lender you’re paired with, you may receive your funds the same day. There is, however, no guarantee.

What cash loans can I apply for?

Over our time in the lender-finding game, we’ve built up a strong network of available credit providers. As such, consumers can use our lender-finder service to apply for cash loans from $300 to $10,000.

Small cash loans are available from $300 to $2,000. Generally, small cash loans are unsecured, meaning you do not need to attach any asset as collateral against the loan. In addition, the repayment terms are usually around 12 months, but this may vary depending on the lender.

In addition, you could apply for medium loans that range from $2,100 to $4,600. Keep in mind, medium cash loans are secured, meaning you must attach an asset as collateral. Generally, lenders can accept your car, caravan, motorbike or boat. The repayment terms for medium loans can range anywhere from 13 to 24 months, depending on the lender.

Finally, you have the option of applying for large secured cash loans. These loans are very similar to medium personal loans, except they can be applied for from $5,000 to $10,000.

Can you pair me with a payday lender?

At Monzi, we are potentially able to pair our applicants with a range of borrowers offering personal loans from $300 to $10,000. In most cases, payday loans typically refer to small loans from $300 to $2,000 with repayment terms up to 12 months. Moreover, these lenders often work fast to ensure that you can receive an outcome ASAP.

So, if you need a quick yet minor injection of cash, then these loans may be an option for you. Best of all, they’re unsecured loans too which means there’s no need for you to provide an asset as security. However, if you need to borrow a little more then Monzi’s got you covered with loans available up to $10,000 through our lender-network.

I need cash now but want to avoid a credit check

Looking for a cash loan no credit check? Unfortunately, we cannot guarantee whether or not a lender will perform a credit check on your application. After all, credit checks are at the discretion of individual lenders.

Credit checks, however, do not need to send a shiver down your spine. If you’re stressing about being declined because of your poor credit, hear us out. In short, you may be considered for approval, despite your poor credit history.

This is because our network of lenders often prefers to focus on your current relationship with money, not your past mistakes. Specifically, credit providers may consider the following:

  • Your regular income.
  • Your regular expenses.
  • If you are repaying any other debts.
  • Your banking history.

Woman in bed on laptop she need cash now

Is it possible to get a personal loan with a credit score of 550?

In general, it depends on where you apply.

As 550 is not the greatest credit score in the world, it may be difficult to be approved for a personal loan through a bank or credit union with this score. However, every application is different, and there may be a bank or credit union willing to offer you a loan.

On the other hand, you could apply for a personal loan through a short term lender. Again, Monzi cannot guarantee whether or not you will be approved. However, short term lenders are generally more understanding of bad credit.

Can I get a car loan with a 500 credit score?

Yes, potentially.

When it comes to car loans, Monzi might be able to help you access the finance you need. In short, we work with lenders who may offer new car loans from $5,000 to $30,000 with two to five year repayment terms.

However, keep in mind that simply having a 500 credit score alone is not enough to be approved. Lenders will look at your complete financial situation to ensure that you are in a secure position and will be able to make your repayments.

So, while having a 500 credit score may be sufficient for some lenders, it’s just one piece of the puzzle. In other words, your outcome will typically be based on a range of factors.

What is the easiest loan to get approved for?

In short, some lenders may offer loans with easy approvals. With this, lenders may have eligibility criteria and requirements that aren’t necessarily as strict as other credit providers. As a result, these loans may be an accessible option for individuals with circumstances that aren’t quite perfect (e.g. bad credit history).

Having said this, easy cash loans still do not come with guaranteed approval. While some lenders may take on subpar borrowers, that does not mean that they will accept all applications. In short, you must still meet the criteria that are in place to ensure that you have the capacity to repay the money you borrow.

I need cash now but I have no job

It may be difficult to be approved for a quick cash loan if you do not have a job. However, it is not impossible.

Lenders will look to confirm you are earning a regular income. Generally, if you are unemployed, this can be in the form of Centrelink benefits. Therefore, certain lenders may be able to regard regular Centrelink payments as a form of income.

I need instant cash loans on Centrelink

Receiving government benefits does not automatically disqualify you from cash loans online. As we mentioned above, certain lenders may be able to accept regular Centrelink benefits as a form of income.

Certain lenders may, however, have rules around:

  • What kind of Centrelink benefits they can consider, i.e. Newstart, Disability Support Pension etc.
  • What percentage of your total income Centrelink benefits can make up.

As a result, Monzi cannot guarantee your application will be approved. After all, Australian law requires credit providers to lend money responsibly.

I need cash this instant

With an instant cash loan, you might receive an outcome before you know it. However, that doesn’t mean that you will receive your cash the second you apply.

In short, Australia’s lending laws mean that lenders must act in a responsible manner and assess all applications that they receive. As a result, instant loans won’t be possible, at least in a literal sense, as there will always be some processing time involved.

Having said this, lenders will waste no time in assessing your application. If you provide all the necessary details then your application could go off without a hitch and you might receive an outcome in what feels like no time. That’s what lenders mean when they advertise instant loans online.

Responsible lending

So, what exactly do Australia’s responsible lending laws involve?

In short, they are based around the central premise that lenders should not offer a loan to a borrower that is unsuitable for the borrower’s needs and circumstances.

Given this, lenders must assess all applications and take a number of steps to determine what may or may not be appropriate for the borrower. Generally, this is done via a three-step process that covers the three responsible lending obligations:

  1. The lender must make reasonable inquiries into the borrower’s financial situation and loan objectives.
  2. The lender must take steps to verify this information.
  3. Based on their findings, the lender must provide a final outcome as to whether or not the credit is suitable.

Can I apply for cash now with no bank account?

Unfortunately, no. A personal bank account is essential for anyone looking to apply for a cash loan.

If you do not have a bank account, you will not be able to apply for a short term loan. This reason is twofold:

  1. Credit providers need to access read-only copies of your bank account, to confirm your income, expenses and repayments.
  2. If you’re approved for a loan, it must be transferred into your income account. In other words, into the same account assessed when you apply.

Can I get a same day loan?

If you need cash ASAP, you’re probably looking for a lender that can make things move quickly. Moreover, you’re likely to want to apply, have your loan assessed and finally processed, all on the same day.

The good news? Monzi’s network of lenders can potentially offer same day loans. However, borrowers are not guaranteed same day access. After all, there are certain variables at play that determine when you will access your cash.

These include:

  • When you approve your contract. If you approve your contract outside of your lenders normal business hours (i.e. after hours weekdays or the weekend) your loan may not be transferred until the following business day.
  • Banking rounds. Be aware certain lenders have banking rounds throughout the day where they are able to transfer funds. If you miss the final round of banking for the day, your loan will not be transferred until the next business day.
  • Inter-bank transfer times. Transfer times may vary depending on your individual banking situation. For example, transfers between certain lenders and banks may be quicker than others.
  • Stalled applications. Lenders may have to stop processing your application to wait on additional information and documentation. As a result, aim to supply all relevant information the first time. For example, details on the vehicle you’re using as collateral, or your myGov information if you receive Centrelink.

I need cash now, but how do I repay later?

So, you’ve secured your cash? Excellent! Now covering those unexpected expenses will be a breeze.

If you thought lodging an application for fast cash loans was easy, wait until you hear about making repayments.

Here’s how it all works:

  • First you and your lender will reach an agreement on the repayment terms. Generally, you will agree on a repayment term (how many months you have to repay) and the schedule (weekly, fortnightly or monthly).
  • Next, the direct debit will be set up from your account, and repayments will automatically be deducted.
  • Finally, once your repayments are complete, the direct debit will automatically stop.

And that’s it! Simple, right?

What happens if I miss a repayment?

If you miss a repayment, and do not let you credit provider know beforehand, you will be charged a fee.

All these fees, however, will be included in your loan contract. Therefore, before approving anything, make sure you understand all the details of your loan. Consumers should get in contact with their lender if they are unsure of anything.

What to do if you cannot afford an upcoming repayment

If you feel you like you will be unable to afford one of your upcoming repayments, you should get in contact with your lender. Generally, if you give your lender at least 24 hours notice before your payment is due, they should be able to cancel or reschedule your repayment for a contractual fee.

In short, the worst thing you can do is stick your head in the sand and wish your problem away. Unfortunately, it will not go away, and you will be likely charged a dishonour fee. Therefore, be honest and upfront with your credit provider and they should be pretty understanding.

I’m experiencing hardship repaying this loan

In short, you should not be experiencing significant hardship when you make your contractual repayments. After all, lenders have procedures in place to make sure they don’t offer you an unsuitable loan.

A loan is considered unsuitable for the consumer if:

  • the consumers’ needs and objectives are not met; and
  • the consumer is unable to afford the contractual repayments without financial hardship.

However, circumstances can change, and your ability to afford your repayments can be affected indefinitely. Moreover, this could be from losing your job, or being badly injured so you are no longer able to work.

Fortunately, credit providers have procedures in place to deal with financial hardship claims. Therefore, get in contact with your lender’s hardship department to apply for hardship.

How can I access cash online now?

Want to know the easy way?

Apply with Monzi!

Through our lender-finder service, you can apply for quick cash loans from $300 to $10,000 in minutes. Not only that, if you apply during business hours then it may be possible for us to pair you with an available lender from our network in just 60 minutes.

From there, your lender will assess your application and before you know it, you might have an outcome.

As a result, Monzi is the simple and convenient way to find lenders online when you need cash now. Scroll up and apply today.

How do I compare lenders offering cash loans?

If you want to find the best loan for you then you must compare the products offered by lenders. In short, not only can you find more affordable or flexible terms, if you find a better rate then you can potentially save yourself money too.

If you’re not sure what to compare, that’s okay. See below for our quick loan comparison guide:

  • Personal loan rates: lenders use these rates to calculate your interest payment. That is, the amount that you must pay on top of your principal repayment. As a rule, the lower your rate is, the better.
  • Fees and charges: one-off or on-going fees charged by your lender. Lenders usually add these fees to your repayment. Examples include late payment fees or administrative fees.
  • Comparison rates: rolls your rates and fees into one easy annual percentage that represents your total loan costs. It’s by far the easiest way to compare loans by cost.
  • Amount and terms: how much can you borrow and how long will you have to repay it?
  • The lender: check their reviews online to ensure they have a long history of positive user experiences.

I need 1,500 cash now

Looking for a cash loan of $1,500? Our network of cash loan lenders may be able to offer you a small personal loan, from $300 to $2,000.

We’ll walk you through step by step how to apply for one of these small loans:

  • Select $1,500 in the loan slider and click Apply Now.
  • Fill in all your relevant information in the submission form.
  • We’ll aim to match you with a lender.
  • Success? They’ll be in touch directly.
  • Your lender will assess your application.
  • Lenders send loan contracts upon approval.
  • Lenders will process your loan after you approve your contract.
  • Inter-bank transfer times determine access to funds.

What if I don’t want the loan I’m offered?

If the fast loan you are offered differs from the loan that you applied for and you are unhappy with it then you are under no obligation to accept it. Simply inform your lender that you do not wish to proceed with your application and it will be cancelled.

However, keep in mind that the terms of your loan that you apply for are always subject to change. In assessing your application, lenders may modify your loan amount or repayment term to make it more affordable for you. As a result, the loan you are offered can differ from what you applied for. It will then be up to you whether to accept or decline it.

Finally, it’s worth noting that you can only decline the loan before you have signed the contract. If you’ve agreed to your loan then unfortunately, you will not be able to back out of it.

How can I get money fast without a loan?

To help you out, we outlined a few possible strategies at the top of the page that you could use to find a little extra cash. However, if these would not work for you then you must do your own research. The good news is that there are a host of handy guides to find easy money earners. So, make use of google and you might find something that works for you.

At the end of the day, Monzi is a lender-finder service and that is the only service that we are able to offer. As a result, if you need a little bit of cash but don’t want a small cash loan then you have to look elsewhere because we will be unable to help.

Why might I need cash now?

Personal expenses are many and varied. To be totally honest, the list is endless. Luckily, lenders understand this and to help you out, they’ve made sure that you can use a personal loan to cover almost any legitimate expense that you encounter. All you need to do is provide the exact reason when you apply.

In any case, some of the most commons reason borrowers apply with Monzi include:

And the list goes on. Apply with Monzi today.

What are the costs if I borrow money now?

If you borrow money via a cash loan then it’s worth understanding that you will repay more than what you borrow. In short, these loan charges come in the form of interest and fees.

Firstly, lenders typically charge interest as a percentage of your outstanding loan balance. Usually, this will be listed as an annual interest rate (e.g. 20%). As a result, whenever you make a repayment, there will be a principal and interest portion. As your loan balance diminishes, your interest payment will too.

In addition to this, you may also need to pay a number of fees that range from one-off to on-going. In most cases, these fees will simply be added on top of your regular repayments. As a guide, common fees that are applied by lenders include:

  • Administrative fees
  • Establishment fees
  • Late payment charges
  • Early exit fees
  • Extra payment charges
  • Annual fees

Ready to apply?

All applications happen online. Scroll up to the loan slider to start.

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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.

The Interest Rate for Secured Medium Loans is 48%. The Typical Comparison Rate is 67.41% p.a. 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

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.

The Interest Rate for Secured Large Amount Loans is 48%. Maximum Comparison Rate is 48% p.a. 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.